This Real Estate stock which deals in the business of developing premium segment residential and commercial properties across the Mumbai region was up by 10.61 percent after announcing net profit turned profit from loss in Q3FY25.
Price Movement
In Tuesday’s trading session, Suntech Realty Ltd‘s share price touched a day’s high of Rs. 545, which was up by 10.61 percent. The share price reiterated from the day’s high and was trading at Rs. 507.10, which is 2.92 percent higher than the previous closing price of Rs. 492.70. In the past year, the stock has delivered around 15 percent and has outperformed the Nifty Index.
Business Segments
As per the recent December 2024 results, the company recognizes its revenue from the construction and development of real estate projects as its sole operating segment.
Q3FY25 Financial Performance
Their Q3FY25 results show revenue from operations of Rs. 161.75 crore which increased by 281 percent year on year, from Rs. 42.44 crore in Q3FY24 and a 4.31 percent decrease from Rs. 169.04 crore in Q2FY25. Their net profit increased by 48.17 percent year on year, from a loss of Rs. 9.72 crores in Q3FY24 to a profit of Rs. 42.52 crores in Q3FY25. Quarterly, the profits were up by 22.79 percent from Rs. 34.62 crore.
Recent Partnership
Sunteck and IFC, a part of the World Bank Group, formed a joint investment platform of up to approximately Rs. 750 crore. The partnership aims to develop 4 to 6 green housing projects with around 12,000 units while focusing on the mid-income demographic in the MMR region.
Expanding Annuity Income Portfolio
The company plans to create capital value exceeding approx Rs. 5,000 crore and more than Rs. 300 crore from Rental. For FY2027-28E they expect a Total Average Annual Rental of approx Rs. 320 crore.
About the company
Sunteck Realty Limited, founded in 2000, is a prominent luxury real estate developer in India, focusing on city-centric residential and commercial projects across Mumbai and major metros.
Written by Santhosh S
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