Sunteck reports consolidated revenue of Rs128cr for Q3FY22; stock tumbles ~2%

11 Feb 2022 , 02:29 PM

Sunteck Realty Ltd.’s stock drizzled by 1.82% after the company announced results for the quarter and nine months ended December 2021.

Suntech reported consolidated revenue of Rs128 crore for the quarter ended December 2021 and revenue for the 9M period ended December 2021 stood at Rs357 crore.

The company’s EBITDA for the quarter was reported at Rs35 crore, whereas, EBITDA for the 9 months ended December 2021 turned out to be Rs92 crore.

Its Profit before tax stood at Rs15 crore for Q3FY22 and Rs40 crore for the 9M ended December 2021. Its net income (PAT) stood at Rs11 crore for the December 2021 quarter, and Rs29 crore for the 9 months ended December 2021.

The company’s operating margin stood at 27% for the current year and 26% for the current 9 months period ended December 2021.

Sunteck’s track record in real estate development in MMR remained healthy. The pre-sales mix has pivoted from the Luxury to Mid-Income and Affordable segment. Its collections efficiency has improved to 81% in 9MFY22 against 76% in FY21.