Sunteck’s revenue grows 69 pc in Q1

Mumbai’s luxury real estate developer, Sunteck Realty Limited, announced its Q1 FY22 financial results on July 3.

A press release said the company’s pre-sales during the period grew by 74 per cent y-o-y to Rs 176 crore and collections were up by 165 pc y-o-y at Rs 172 crore. While the revenue grew by 69 pc y-o-y to Rs 93 crore, the EBITDA went up by 32 pc y-o-y to Rs 21 crore.

Commenting on the performance, Kamal Khetan, Chairman and Managing Director, Sunteck Realty Ltd, said: “In this transformational environment, we remain focused on execution of our existing portfolio – reflected in construction and collection progress of our various projects. We continue to maintain our balance sheet strength, complimented by prudent cash flow management.”