Sunteck Realty Limited Announces Q3 & 9M FY21 Results

Sunteck Realty Limited Announces Q3 & 9M FY21 Results

SMEStreet Edit Desk
Feb 15, 2021 07:58 IST
Real Estate

Sunteck Realty Limited, Mumbai’s premium real estate developer, announced its results today for the third quarter and nine-months ended FY21.

Rs cr
Operational Data Q3FY21 Q2FY21 QoQ % Q3FY20 YoY % 9MFY21 9MFY20 YoY %
Pre-sales (new bookings) 349 200 75% 325 7% 650 613 6%
Collections 252 141 79% 166 52% 458 540 (15%)
Rs cr
P&L Statement Q3FY21 Q2FY21 QoQ % Q3FY20 YoY % 9MFY21 9MFY20 YoY %
Revenue from Operations 205 143 43% 171 20% 401 477 (16%)
EBITDA 45 31 44% 49 (9%) 89 159 (44%)
Operating Margin 22% 22%   29%   22% 33%  
Net Profit 22 14 59% 25 (12%) 33 86 (62%)
Net Profit Margin 11% 10%   15%   8% 18%  

 Commenting on the Q3FY21 and 9MFY21 performance, Mr. Kamal Khetan, Chairman and Managing Director, Sunteck Realty Ltd. said: “Our superior product offering across the pricing spectrum, solid execution and strong customer focus has enabled us to create a resilient brand franchise in the overall market.  The same is also visible in our pre-sales and collections momentum which has been growing at a strong pace sequentially as well as pre-sales surpassing last financial year figures in the first nine months.

Our continued focus on prudent cash flow management has enabled us to generate strong operating cash flows which has aided in the further reduction of our already negligible debt. We intend to maintain this discipline going forward and focus on financial flexibility to grow our business.

The availability of inventory across our brands and pricing spectrum creates flexibility to offer projects based on needs of various customer segments. We believe, home buyers will continue to look for credible projects of reputed and financially strong real estate developers, as the pedigree of a trusted brand drives the preference for a new home buyer.

With a strong uptick on sales front across our portfolio of projects, especially in the mid-income and aspirational segments, we remain confident of emerging as one of the biggest beneficiaries of the ongoing consolidation in the industry basis our balance sheet strength, established track record and operational cash flow visibility. ”

#Kamal Khetan #Sunteck Realty