Sunteck Realty announces Q3 results

15 Feb 2021 Editorial Team

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 crore

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 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.

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