Launched Sunteck Ultra World a new phase in Naigaon during the quarter with GDV of 600cr.
Will launch a new phase in ODC, 2 towers in Sunteck Beach Residences, 1 tower in Sunteck Sky park and Crescent Park in H2 of FY25 with a combined GDV of 3000cr (approx).
Will launch Napean Sea Road, Dubai Downtown and Bandra West with GDV of 12500cr by end of next financial year.
Have received approval for the ODC commercial project and will be launching that soon.
Plan to complete selling Dubai project in 4 years.
KEY HIGHLIGHTS for Q3 FY25 from Investor PPT Business Update
• Business Development - Addition of Nepean Sea Project - 2 with a GDV of ~Rs.2,400 cr
• Total GDV at Nepean Sea Project is ~Rs.5,400 cr
Consolidated Financials
• Pre-sales stood at ~Rs.635 cr registering a growth of ~40% YoY
• Collections stood strong at ~Rs.336 cr
• Revenue stood at ~Rs.162 cr – a growth of ~281% YoY
• EBITDA stood at ~Rs.48 cr – a growth of ~426% YoY
• EBITDA margin stood at ~30%
• PAT stood at ~Rs.43 cr – a growth of ~537% YoY
KEY HIGHLIGHTS for 9MFY25 - Consolidated Financials
• Pre-sales stood at ~Rs.1,661 cr registering a growth of ~34% YoY
• Business Development - Total GDV stands at ~Rs.40,225 cr
• Collections stood strong at ~Rs.945 cr
• Revenue stood at ~Rs.647 cr – a growth of ~369% YoY
• EBITDA stood at ~Rs.117 cr – a growth of ~423% YoY
• PAT stood at Rs.99.9 cr – a growth of ~429% YoY
Sunteck Q4 results are generally expected to be better than previous quarters. The company presents a strong case with future visibility of revenue from multiple avenues.
Disclosure: Invested.
Didn’t the results come out on January 20th? Could you help me understand why the stock is dropping despite such strong results? It’s down 15% since the result.
My 2 cents would be the that the entire nifty realty index fell by 8.5% in the past one month. With market leaders falling about 15%. So, I think sunteck is in line with the correction.
