Sunteck Realty pre-sales jump 89% YoY in Q1

12 Jul 2022 , 11:40 AM

Pre-sales declined 33.8% last quarter from Rs 503 crore recorded in Q4 FY22. Collections stood at Rs 285 crore in Q1 FY23, fell 29.45% quarter-on-quarter, but jumped 66% year on year. The new project launches over the forthcoming quarters along with sales momentum in ongoing projects, shall lead to continued growth impetus in the pre-sales and cash flows of the company and thereby grow its market share, the company said. Sunteck Realty (SRL) is one of the fastest growing Mumbai-based luxury real estate development companies. On a consolidated basis, the realty company reported net loss of Rs 4.31 crore as against a net profit of Rs 10.41 crore in Q4 FY22 over Q4 FY21. Net sales declined 18.6% year on year to Rs 155.99 crore during the period under review. Shares of Sunteck Realty were down 0.75% to Rs 503.45 on the BSE. Powered by Capital Market – Live News