{"id":20501,"date":"2021-10-11T13:42:45","date_gmt":"2021-10-11T13:42:45","guid":{"rendered":"http:\/\/faceinews.com\/?p=20501"},"modified":"2021-10-11T13:42:45","modified_gmt":"2021-10-11T13:42:45","slug":"sunteck-realty-limited-announces-operational-update-for-q2-fy22","status":"publish","type":"post","link":"https:\/\/www.faceinews.com\/?p=20501","title":{"rendered":"Sunteck Realty Limited announces Operational Update for Q2 FY22"},"content":{"rendered":"

\"Mr.<\/a><\/p>\n

\"Sunteck<\/a><\/p>\n

Sunteck Realty Limited announces Operational Update for Q2 FY22<\/p>\n

 <\/p>\n

\"Faceinews<\/a><\/p>\n

 <\/p>\n

Pre-sales grows by 55% qoq & 36% yoy to Rs 272 cr<\/p>\n

Collections grows by 20% qoq & 47% yoy to Rs 207 cr<\/p>\n

Collection efficiency stood strong at 85% of Pre-sales in H1 FY22 as against 68% in H1 FY21<\/p>\n

 <\/p>\n

Sunteck Realty Limited, Mumbai\u2019s luxury real estate developer, announced its Q2 FY22 financial results.<\/p>\n

 <\/p>\n

Rs cr<\/p>\n

 <\/p>\n

Operational Data<\/p>\n

 <\/p>\n

Q2 FY22<\/p>\n

 <\/p>\n

Q1 FY22<\/p>\n

 <\/p>\n

QoQ %<\/p>\n

 <\/p>\n

Q2 FY21<\/p>\n

 <\/p>\n

YoY %<\/p>\n

 <\/p>\n

Pre-sales<\/p>\n

 <\/p>\n

272<\/p>\n

 <\/p>\n

176<\/p>\n

 <\/p>\n

55%<\/p>\n

 <\/p>\n

200<\/p>\n

 <\/p>\n

36%<\/p>\n

 <\/p>\n

Collections<\/p>\n

 <\/p>\n

207<\/p>\n

 <\/p>\n

172<\/p>\n

 <\/p>\n

20%<\/p>\n

 <\/p>\n

141<\/p>\n

 <\/p>\n

47%<\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

In the second quarter of FY2022, the company has continued its robust operational momentum achieved in the first quarter of FY2022. Both pre-sales and collections witnessed sturdy growth along with high collections efficiency. The company\u2019s focus on execution of its existing portfolio complemented by strong in-house development capabilities has been an enabler in maintaining the sustained growth in cash flows. With projects across the pricing spectrum in MMR, the company is confident to maintain the sturdy growth in pre-sales driven by new launches as well as ready-to-move-in inventory.<\/p>\n

 <\/p>\n

In the second quarter of FY2022, the company also announced a value \u2013accretive joint development plan with Amar Dye Chem Ltd. at Shahad (Kalyan). The 50-acre project with a potential development of approx.10 mn sq ft, is expected to generate a top line of around Rs 9,000 crore over the next 7-8 years. This will further strengthen the cash flow and the balance sheet of the company.<\/p>\n

 <\/p>\n

Sunteck has been a key beneficiary of the market consolidation in the residential sector, allowing it to expand its business portfolio at attractive return opportunities. In the last 18 months, Sunteck has done 4 project acquisitions at Vasai, Vasind, Borivali and Shahad (Kalyan) adding approx.18 million square to its project portfolio. Going forward, the company expect to leverage its brand franchise and management expertise to continue to evaluate new growth opportunities and thereby increasing overall market share.<\/p>\n","protected":false},"excerpt":{"rendered":"

Sunteck Realty Limited announces Operational Update for Q2 FY22     Pre-sales grows by 55% qoq & 36% yoy to Rs 272 cr Collections grows by 20% qoq & 47% yoy to Rs 207 cr Collection efficiency stood strong at 85% of Pre-sales in H1 FY22 as against 68% in H1 FY21   Sunteck Realty […]<\/p>\n","protected":false},"author":2,"featured_media":20502,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32,30],"tags":[],"class_list":["post-20501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-finance"],"_links":{"self":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/20501","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=20501"}],"version-history":[{"count":1,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/20501\/revisions"}],"predecessor-version":[{"id":20503,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/20501\/revisions\/20503"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/media\/20502"}],"wp:attachment":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}