![\"Faceinews](\"http:\/\/faceinews.com\/wp-content\/uploads\/2017\/11\/Faceinews-Logo-Copy.png\"){kind=logo}
<\/a><\/p>\n\u2022 Pre-sales grows by 6% Q-o-Q in Q4 FY21 to Rs 371 cr<\/p>\n
\u2022 Collections grows by 27% Q-o-Q in Q4 FY21 to Rs 321 cr<\/p>\n
\u2022 Highest-ever collections achieved during the 4QFY21 and FY21<\/p>\n
\u2022 Strong quarter-wise sequential growth witnessed in FY21 both in Pre-sales and Collections<\/p>\n
\u2022 Aggressive project acquisitions done in FY21 within the industry<\/p>\n
Mumbai, April 22, 2021: Sunteck Realty Limited, Mumbai\u2019s premium real estate developer, announced its Q4 and FY21 operational updates.<\/p>\n
Rs cr<\/p>\n
Pre-Sales Segment 1QFY21 2QFY21 3QFY21 4QFY21 FY20 FY21<\/p>\n
BKC Projects Luxury – – – 90 72 90<\/p>\n
ODC Projects Mid-income 41 53 189 201 273 484<\/p>\n
Naigaon Projects Affordable 48 32 62 75 763 217<\/p>\n
Other Projects Mixed 12 115 99 5 113 231<\/p>\n
Total 101 200 349 371 1,221 1,022<\/p>\n
Rs cr<\/p>\n
Collections Segment 1QFY21 2QFY21 3QFY21 4QFY21 FY20 FY21<\/p>\n
BKC Projects Luxury – 44 – 51 100 95<\/p>\n
ODC Projects Mid-income 29 31 114 104 269 278<\/p>\n
Naigaon Projects Affordable 35 41 65 89 278 230<\/p>\n
Other Projects Mixed 1 26 73 77 68 177<\/p>\n
Total 65 141 252 321 715 780<\/p>\n
Q4FY21 Highlights \u2013<\/p>\n
\uf0d8 Strong pre-sales witnessed during the quarter.<\/p>\n
\uf0d8 Highest-ever collections achieved during the quarter.<\/p>\n
\uf0d8 Acquisition of ~7 acre land parcel at Borivali (West), under the asset light JDA model. The residential project in the western suburbs of Mumbai Metropolitan Region (MMR) will have ~1 mn sq ft of development potential.<\/p>\n
\uf0d8 Strong cash flows during the quarter resulting in further reduction of negligible debt. Our average cost of borrowing has further come down during the quarter.<\/p>\n
FY21 Highlights \u2013<\/p>\n
\uf0d8 Highest-ever pre-sales achieved in the mid-income segment driven by residential projects at ODC, Goregaon West – a yoy growth of 77%.<\/p>\n
\uf0d8 Strong pre-sales also witnessed in the ready to move in projects across segments.<\/p>\n
\uf0d8 Highest-ever collections achieved in a financial year in FY21 at Rs 780 cr.<\/p>\n
\uf0d8 Aggressive project acquisition done in FY21 within the industry – 3 new project acquisitions under the asset-light strategy totaling to approx. 8 mn sq ft. at Vasai, Vasind and Borivali. These projects will further strengthen the cash flows and balance sheet of the company.<\/p>\n
Commenting on the Q4 and FY21 operational performance, Mr. Kamal Khetan, Chairman and Managing Director, Sunteck Realty Ltd. said: \u201cPresently, we are witnessing strong consolidation across the industry and we will be one of the biggest beneficiaries of this trend. The industry consolidation has already resulted in 3 new project acquisitions for us at Vasai, Vasind and Borivali in MMR. Going forward, we expect to leverage our brand franchise and management expertise to continue to evaluate new growth opportunities and thereby increasing our overall market share.<\/p>\n
During FY21, we have achieved strong pre-sales and highest-ever collections. A key to our strong operational performance is being a dominant developer in each of the micro-markets and housing segments we are operating. Additionally, the focus on our core strength of sales & marketing and in-house construction capabilities will enable us to sustain this strong pre-sales and collections trend going forward.\u201d<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Sunteck Realty Limited announces Operational Update for Q4 & FY21 \u2022 Pre-sales grows by 6% Q-o-Q in Q4 FY21 to Rs 371 cr \u2022 Collections grows by 27% Q-o-Q in Q4 FY21 to Rs 321 cr \u2022 Highest-ever collections achieved during the 4QFY21 and FY21 \u2022 Strong quarter-wise sequential growth witnessed in FY21 both in […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32,10,30],"tags":[],"class_list":["post-19833","post","type-post","status-publish","format-standard","hentry","category-business","category-corporate","category-finance"],"_links":{"self":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/19833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19833"}],"version-history":[{"count":1,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/19833\/revisions"}],"predecessor-version":[{"id":19834,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/19833\/revisions\/19834"}],"wp:attachment":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}