Sunteck’s EBITDA grows 44 pc in Q3

Mumbai’s real estate developer, Sunteck Realty, on February 14 announced its financial results for the third quarter and nine-months ended FY21.

According to a press release, the pre-sales of the company grew by 75 per cent q-o-q to Rs.349 crore and collections grew 79 per cent q-o-q to Rs 252 crore. The revenue was up by 43 per cent q-o-q and EBITDA grew by 44 per cent q-o-q. The company, said the release, witnessed high buyer interest in both completed and newly-launched projects

Commenting on the performance, Kamal Khetan, Chairman and Managing Director, Sunteck Realty Ltd, said: “Our superior product offering across the pricing spectrum, solid execution and strong customer focus has enabled us to create a resilient brand franchise in the overall market.  The same is also visible in our pre-sales and collections momentum which has been growing at a strong pace sequentially as well as pre-sales surpassing last financial year figures in the first nine months.”