Sunteck Realty records 89% yoy jump in Q1 pre-sales at Rs333 crore

12 Jul 2022 , 11:40 AM

Sunteck Realty Limited stocks in focus on Tuesday as the company announced the key operational updates for Q1 FY23:

• Pre-Sales: The Company had pre-sales of ~Rs333 crore in Q1 FY23, up 89% on YoY basis.
• Collections: The Company had collections of ~Rs285 crore in Q1 FY23, up 66% on YoY basis. Additionally, collections efficiency for Q1 FY23 stood at 86%.

“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 our market share”, the company said in a regulatory filing on Tuesday.

At around 11:45 AM, Sunteck Realty was trading at Rs503.35 per share down by Rs3.9 or 0.77% from its previous closing of Rs507.25 per share on the BSE. The current market cap of the company is Rs7,428.68 crore.