Sunteck Realty Limited, a Mumbai-based real estate developer, has seen a rise in its share price following the announcement of its Q3 FY25 financial results. The company reported a consolidated net profit, marking a turnaround from losses in the same quarter last year. Investors who buy shares online showed increased interest in the stock following this announcement.
Financial highlights of Sunteck Realty in Q3 FY24
Sunteck Realty posted a consolidated net profit of ₹42.52 crore for the October-December 2024 quarter, compared to a net loss of ₹9.72 crore in Q3 FY24.
Revenue from operations surged 281.1% year-on-year (YoY) to ₹161.75 crore, compared to ₹42.44 crore in the same period last fiscal. The company's EBITDA grew significantly to ₹48 crore in Q3 FY25, marking a 426% rise from ₹15 crore in Q3 FY24.
The real estate firm's presales reached ₹635 crore in the quarter, a 40% increase from ₹455 crore in Q3 FY24. The company's collections stood at ₹336 crore for the quarter, down from ₹438 crore in the same quarter last fiscal. Analysts suggest that investors considering options to buy shares online may find such consistent growth appealing.
Operational updates
The company added the 'Nepean Sea Project-2' during the quarter, with a gross development value (GDV) of ₹2,400 crore. This addition brings the total GDV for the Nepean Sea Project to ₹5,400 crore.
Sunteck Realty’s differentiated projects are categorised under six brands, including Signature, Signia, Sunteck City, Sunteck Park, Sunteck Beach Residences, and Sunteck World. These projects target different segments, from uber-luxury to aspirational luxury.
The company continues to maintain an exceptional financial position with a zero net debt-to-equity ratio and a net cash surplus of ₹61 crore as of 9M FY25. Such developments often attract those who prefer to buy shares online for long-term investment.
Stock price impact
Following the announcement of its Q3 FY25 results, Sunteck Realty’s share price surged over 10% in intraday trading. The stock touched a high of ₹542.8 on the NSE, reflecting investor confidence in the company’s financial recovery.
Over the last month, the share price has increased by 6%. Over the past year, it has risen 16%, indicating steady growth. The company's focus on luxury real estate and its strong financial performance have contributed to this positive momentum.
Industry outlook
The real estate industry in India is seeing a consistent demand, particularly in the luxury segment. Factors like increasing urbanisation and rising disposable incomes have fuelled growth in this sector. Sunteck Realty, with its city-centric luxury developments, is well-positioned to capitalise on these trends.
The company's focus on sustainable growth, exceptional financial discipline, and commitment to delivering quality projects are expected to strengthen its position in the market further.
Key Insights
At 10:50 AM on Tuesday, the shares of Sunteck Realty Limited are trading 6.76% higher at ₹524.25 per share as compared to the previous close of ₹490.05 per share on the Bombay Stock Exchange (BSE).
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