Sunteck Realty announces Q3 results

Sunteck Realty Limited, Mumbai based real estate developers, announced its results for the third quarter and nine months ended FY21. The results show an uptick in sales both over the previous quarter and y-o-y. Collections and revenues, however, have significantly dipped over last year.Rs in croreOperational Data Q3FY21 Q2FY21 QoQ % Q3FY20 YoY %9MFY21 9MFY20 YoY %Pre-sales (new bookings) 34920075%3257%6506136%Collections 25214179%16652%458540(15%)Rs crP&L StatementQ3FY21 Q2FY21 QoQ % Q3FY20 YoY %9MFY21 9MFY20 YoY %Revenue from Operations 20514343%17120%401477(16%)EBITDA 453144%49(9%)89159(44%)Operating Margin22%22%29%22%33%Net Profit 221459%25(12%)3386(62%)Net Profit Margin11%10%15%8%18% Commenting on the Q3 FY21 and nine months FY21 performance, Kamal Khetan, Chairman and Managing Director, Sunteck Realty Ltd said, “The availability of inventory across our brands and pricing spectrum creates flexibility to offer projects based on needs of various customer segments.” Sunteck Realty Limited (SRL) is a Mumbai-based luxury real estate development company which focuses on a city centric development portfolio of about 38 million sq ft spread across 27 projects. Written from company news release.