{"id":20646,"date":"2021-11-13T05:41:00","date_gmt":"2021-11-13T05:41:00","guid":{"rendered":"http:\/\/faceinews.com\/?p=20646"},"modified":"2021-11-13T05:41:00","modified_gmt":"2021-11-13T05:41:00","slug":"sunteck-realty-limited-announces-financial-results-for-q2-h1-fy22","status":"publish","type":"post","link":"https:\/\/www.faceinews.com\/?p=20646","title":{"rendered":"Sunteck Realty Limited announces financial results for Q2 & H1 FY22"},"content":{"rendered":"

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

 <\/p>\n

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

Sunteck Realty Limited announces financial results for Q2 & H1 FY22<\/p>\n

\uf0ad Pre-sales grows by 54% qoq & 36% yoy<\/p>\n

\uf0ad Collections grows by 20% qoq & 47% yoy<\/p>\n

\uf0ad Revenue grows by 47% qoq & declines by 7% yoy<\/p>\n

\uf0ad EBITDA grows by 77% qoq & 24% yoy<\/p>\n

\uf0ad PAT grows by 404% qoq & 35% yoy<\/p>\n

Mumbai, November 11, 2021: Sunteck Realty Limited, Mumbai\u2019s luxury real estate developer, announced its Q2 & H1 FY22 financial results.<\/p>\n

Rs cr<\/p>\n

Operational<\/p>\n

Data Q2FY22 Q1FY22 QoQ % Q2FY21 YoY % H1FY22 H1FY21 YoY %<\/p>\n

Pre-sales 272 176 54% 200 36% 448 302 48%<\/p>\n

Collections 207 172 20% 141 47% 380 206 84%<\/p>\n

Rs cr<\/p>\n

P&L Statement Q2FY22 Q1FY22 QoQ % Q2FY21 YoY % H1FY22 H1FY21 YoY %<\/p>\n

Revenue 136 93 47% 147 -7% 229 202 13%<\/p>\n

EBITDA 36 21 77% 30 24% 57 45 27%<\/p>\n

OPM % 27% 22% 20% 25% 22%<\/p>\n

Net Profit 15 3 404% 11 35% 18 8 122%<\/p>\n

Commenting on the Q2 FY22 financial results, Mr. Kamal Khetan, Chairman and Managing Director, Sunteck Realty Ltd. said: \u201cAggressive sales strategy and strong brand recall has led to success across our various sub-brands and pricing spectrum, enabling us to grow our pre-sales in a strong manner. In addition, we have been focused on augmenting our construction execution across board, which has further complemented our sales momentum as well as collections growth.<\/p>\n

Market consolidation in favor of quality and well-funded real estate companies has been an ongoing trend and Sunteck has been a key beneficiary of this trend, continuously expanding its business portfolio with attractive return opportunities. In fact, since the first wave of COVID-19 in 2020, Sunteck has been the largest acquirer of highly value-accretive projects in the MMR – a trend it sustains even today. We have added approx. 23 mn sq ft across 5 projects in Vasai, Vasind, Borivali, Kalyan and Pen. We shall bring in our best-in-class construction and development capabilities and endeavor to create a landmark development in each micro-market.<\/p>\n

Going forward, we expect to leverage our brand franchise and management expertise to evaluate new growth opportunities and thereby continue to increase our overall market share.\u201d<\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

  Sunteck Realty Limited announces financial results for Q2 & H1 FY22 \uf0ad Pre-sales grows by 54% qoq & 36% yoy \uf0ad Collections grows by 20% qoq & 47% yoy \uf0ad Revenue grows by 47% qoq & declines by 7% yoy \uf0ad EBITDA grows by 77% qoq & 24% yoy \uf0ad PAT grows by 404% […]<\/p>\n","protected":false},"author":2,"featured_media":20405,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32,30],"tags":[],"class_list":["post-20646","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\/20646","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=20646"}],"version-history":[{"count":1,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/20646\/revisions"}],"predecessor-version":[{"id":20647,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/20646\/revisions\/20647"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/media\/20405"}],"wp:attachment":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}