The broker said that a near-doubling of Suntecks project portfolio has happened post-COVID and as the monetisation of land parcels commences, the company is expected to deliver a sales growth of 25% CAGR over FY22-25E. It stated that pre-sales is set to jump as launches align. Sunteck is on a path to double its pres sales to Rs 2500 crore in three years as the pipeline of new projects built during COVID comes to fruition, it added. Sunteck Realty is one of the fastest growing Mumbai-based luxury real estate development companies. On a consolidated basis, the realty companys net profit surged to Rs 24.94 crore in Q1 June 2022 as against Rs 3.03 crore in Q1 June 2021. Net sales rose 55% to Rs 143.50 crore in Q1 June 2022 over Q1 June 2021. Powered by Capital Market – Live News
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