Quote on Sunteck Realty Limited by Mr. Yash Gupta, Angel One Ltd
Below is quote on Sunteck Realty Limited by Mr. Yash Gupta, Equity Research Analyst, Angel One Ltd
Sunteck Realty Limited, Mumbai based real-estate player has reported pre-sales in line with market expectations, company reported strong growth in pre-sales of 36% at ₹272 crores as compared to ₹200 crores in Q2FY21. Along with this company has reported healthy growth of 47% in collections at ₹207 crores as compared to ₹141 crores in Q2FY21.
The company continues its growth momentum in Q2FY22, both pre-sales and collections are in line with the market expectation. In this quarter company has announced a joint venture at Kalyan with the potential development of 10 mn sqft, the company is expected to complete the project in the next 9 years.
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