Image Source : Business Standard
Sunteck Realty Ltd has reported a solid financial performance for the June quarter, reflecting resilience in Mumbai’s premium real estate market despite broader sectoral headwinds.
Key Highlights:
- Consolidated revenue from operations stood at ₹1.88 billion, supported by steady sales in luxury and mid-income segments.
- Net profit came in at ₹334.3 million, driven by improved margins and disciplined cost management.
Operational Snapshot:
- The company recorded strong pre-sales of ₹333 crore, up 89 percent year-on-year, with collection efficiency at 86 percent.
- New launches and ongoing projects in Vasai, Borivali, and Mira Road contributed to topline growth.
- Inventory levels remained lean, aiding cash flow and pricing power.
Strategic Outlook:
- Sunteck continues to focus on asset-light development and joint ventures to expand its footprint.
- Analysts expect momentum to build in H2 with festive demand and new launches in pipeline.
Sources: Economic Times, BSE Filings, Moneycontrol, Sunteck Realty Investor Updates.
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