Sunteck Realty limited reported pre sales growth of 6% By Mr. Yash Gupta, Angel Broking Ltd

01-01-1970 12:00 AM | Source: Angel Broking Ltd

Sunteck Realty limited reported pre sales growth of 6% By Mr. Yash Gupta, Angel Broking Ltd

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Below are Quote on Sunteck Realty limited reported pre sales growth of 6% by Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd

Sunteck Realty limited reported pre sales growth of 6% in Q4FY21 at 371 crores, collection grew by 27% to 321 crores in Q4FY21. BKC luxury project has done very well for the company this quarter. IF we look at the overall pre sales number for the year the company has reported a sales degrowth of 16.2% at 1022 crores in FY2021 as compared to 1221 crores in FY2020, this degrowth has come due to sector hit by the covid pandemic. We expect next quarter will be difficult for the company due to restrictions in Maharashtra due to rise in Covid cases in the state.

In this quarter the company has acquired a 7 acres land parcel at Borivali (West), under the asset light JDA model. The residential project in the western suburbs of Mumbai Metropolitan Region (MMR) will have 1 mn sq ft of development potential.

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