Connect with us

News

Sunteck Realty Limited announces financial results for Q2 & H1 FY22

Sunteck

Mumbai, November 11, 2021: Sunteck Realty Limited, Mumbai’s luxury real estate developer, announced its Q2 & H1 FY22 financial results.

Rs cr
Operational

Data

Q2FY22 Q1FY22 QoQ % Q2FY21 YoY % H1FY22 H1FY21 YoY %
Pre-sales 272 176 54% 200 36% 448 302 48%
Collections 207 172 20% 141 47% 380 206 84%

                                                                                                                                                         Rs cr

P&L Statement Q2FY22 Q1FY22 QoQ % Q2FY21 YoY % H1FY22 H1FY21 YoY %
Revenue 136 93 47% 147 -7% 229 202 13%
EBITDA 36 21 77% 30 24% 57 45 27%
OPM % 27% 22%   20%   25% 22%  
Net Profit 15 3 404% 11 35% 18 8 122%

 

kamal khetanCommenting on the Q2 FY22 financial results, Kamal Khetan, Chairman and Managing Director, Sunteck Realty Ltd. said: “Aggressive sales strategy and strong brand recall has led to success across our various sub-brands and pricing spectrum, enabling us to grow our pre-sales in a strong manner. In addition, we have been focused on augmenting our construction execution across board, which has further complemented our sales momentum as well as collections growth. In fact, since the first wave of COVID-19 in 2020, Sunteck has been the largest acquirer of highly value-accretive projects in the MMR – a trend it sustains even today. We have added approx. 23 mn sq ft across 5 projects in Vasai, Vasind, Borivali, Kalyan and Pen.”

Advertisement

Latest News

News5 hours ago

The real estate sector reacted cautiously to the Union Budget 2023. Here are the excerpts from a cross section of industry stalwarts

Harsh Vardhan Patodia, President, CREDAI National “Through the Union budget 23 – 24, the Government continues to focus on the empowerment...

News6 hours ago

Affordable housing gets push in Budget 

New Delhi, Feb 1, 2023:  Union finance minister Nirmala Sitharaman on Wednesday announced an outlay of ₹79,000 crore, an increase of...

Events15 hours ago

Art competition at Spectrum Metro 

Noida: Spectrum Metro, in collaboration with Motherhood Women’s and Children’s Hospital, organised a drawing and painting competition on January 26,...

News15 hours ago

Housing prices start moving up post Covid, buoyant real estate along with construction activities create jobs, says Economic Survey

New Delhi: The Economic Survey tabled in the Parliament on Tuesday, said that housing prices have started firming up after...

News1 day ago

Andhra Pradesh Kicks-Off Global Investors’ Summit 2023 with Diplomatic Meet: Over 40 Nations Participate, Among Business Delegations & Captains of the Industry

New Delhi, January 31, 2023: The Curtain Raiser to the Andhra Pradesh Global Investors’ Summit 2023, started on Tuesday with...

News1 day ago

Pacific D21 Mall, Dwarka, hosts Tekken India’s Delhi Iron Fist Tournament 2023

New Delhi: Pacific D21 Mall, Dwarka, hosted gaming tournament, Tekken India’s Delhi IronFist 2, on January 28-29, 2023. The event...

Trending