Sunteck Realty logs pre-sales of Rs1,303 crore for FY22; reports 35% yoy growth in collections

12 Apr 2022 , 11:45 AM

Sunteck Realty Limited posted its key operational updates for Q4FY22 and for the full year FY22.

It has reported pre-sales of Rs503 crore in Q4FY22, up by 43% QoQ, and 36% on yoy basis. During the complete fiscal year, the company logged pre-sales of Rs1,303 crore, registering a growth of 27% yoy. The company has reported one of its best sales during the current financial year. Its pre-sales during Q4FY21 were Rs371 crore.

The company’s collections during the current quarter stood at Rs404 crore, up by 50% QoQ. It has reported total collections of Rs1,053 crore in FY22, registering a growth of 35% yoy. This was the company’s best collection both on a quarterly and annual basis. Its collection during Q4FY21 was Rs321 crore. The company has reported 26% yoy growth in collections in the current quarter on a year-on-year basis.

Collection efficiency was at 81% during the current financial year, as compared to 76% in FY21.

Sunteck Realty is currently trading at Rs478.40 up by Rs0.7 or 0.15% from its previous closing of Rs477.70 on the BSE. The scrip opened at Rs489 and has touched a high and low of Rs493.45 and Rs476.95 respectively.