On Tuesday, the share price of the company rose by 4% to its intraday high of ₹478.25 per share from its previous close of ₹459.05 after the company entered into a prestigious Location with GDV of Over ₹3000 Crores.
Sunteck Realty Ltd is planned to enter in prestigious location in Mumbai’s exclusive Nepean Sea Road and Bandra-Bandstand locations with luxury developments, totaling over ₹3000 crores in Gross Development Value (GDV) according to the exchange filing.
With their elegant designs, state-of-the-art amenities, and stunning sea views, the company’s projects seek to redefine luxury living. From ₹12,500 crores in FY2022 to ₹30,100 crores in FY2024, the company’s GDV increased significantly, solidifying its position as the industry leader.
In the December quarter, the company’s net revenue fell by 52% YoY from ₹89.33 crores in Q3FY23 to ₹42.45 crores in Q3FY24, and in QoQ, their net revenue increased by 70% from ₹24.94 crores Q2FY24.
The net profit of their company fell by 570% from a net profit of ₹2.07 in Q3FY23 to a net loss of ₹9.73 crores Q3FY24 on a quarterly basis their net loss was reduced by 30% from a net loss of ₹13.94 crores in Q2FY24.
According to its investor presentation, the company is one of the largest developers in MMR the largest & fastest-growing market, Acquired more than 50 mn sq ft, and has a Gross Development Value (GDV) of ₹29,650 crores.
Expanding Annuity Income Portfolio with ₹300 crores plus rental, creating ₹5,000 crores in capital value, and achieving strong financial performance. With a strong operational CAGR of 20% or more, we completed approximately 17 projects.
The company’s debt-to-equity ratio is 0.23, and its dividend payout ratio is 543%. However, its return on equity, return on capital employed, and net profit margin are all low.
Sunteck Realty Ltd is a small-cap company with a market capitalization of ₹6,980 crores. The company’s share price has risen 31% in the last six months and 40% in the previous year.
The public owns 9.23% of the company, foreign institutional investors own 20.28%, domestic institutional investors own 7.24%, and the company’s promoter owns 63.24%.
Sunteck Realty Limited is a Mumbai-based real estate developer that specializes in the creation of high-end residential and commercial properties throughout the Mumbai Metropolitan Region (MMR).
Written by Sriram KV
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