Sunteck Realty Limited announces financial results for Q1 FY22
Sunteck Realty Limited announces financial results for Q1 FY22 Pre-sales grows by 74% yoy to Rs 176 cr Collections grows by 165% yoy to Rs 172 cr Revenue grows by 69% yoy to Rs 93 cr EBITDA grows by 32% yoy to Rs 21 cr Gross operating surplus cash flow of Rs 32 cr generated during the quarter leading to sustained low net debt/equity Sunteck Realty Limited, Mumbai’s luxury real estate developer, announced its Q1 FY22 financial results. Commenting on the Q1 FY22 operational performance, Mr. Kamal Khetan, Chairman and Managing Director, Sunteck Realty Ltd. said: “In this transformational environment, we remain focused on execution of our existing portfolio – reflected in construction and collection progress of our various projects. We continue to maintain our balance sheet strength, complimented by prudent cash flow management. Presently, we are witnessing strong consolidation across the industry and we will be one of the biggest beneficiaries of this trend. The ...