SunTeck Realty

By Research Desk
about 8 years ago
SunTeck Realty

Sunteck Realty Limited (SRL) is a Mumbaibased real estate development company, catering to the premium ultraluxury and luxury residential segment. SRL boasts of a city centric development portfolio of about 23 million square feet spread across 25 projects and 4 rented assets. Sunteck’s flagship projects at BandraKurla Complex (BKC) comprises of three residential projects: Signature Island, Signia Isles and Signia Pearl.

The company for Q2FY17 showed a rise in consolidated net sales by almost 5 times (YoY) to Rs.142 crore and the other income of Rs.64 crore is what has given its bottomline so much traction. Net profit was up over 6 times at Rs.97 crore; sequentially it is up 62%. Thus lower base effect on YoY has given it a fantastic number for current Q2.

Its borrowings as at 30th Sept 2016 stands at Rs.1080 crore, up over 4 times from Rs.243 crore in previous Q2. The substantial interest outgo of Rs.26 crore v/s Rs.7 crore says it all.

495.15 (+3.80)

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