Sunteck Realty Ltd., a leading real estate developer, announced its financial results for the fourth quarter (Q4FY24) and the full fiscal year 2024 (FY24).
Q4FY24 Financial Highlights:
Pre-sales: Grew by 26% YoY to ₹678 crore
Revenue from Operations: Grew by 774% YoY to ₹427 crore
Core EBITDA: Grew by 845% YoY to ₹199 crore
PAT: Stood at ₹101 crore
Core EBITDA Margin: 46%
Net Profit Margin: 24%
FY24 Financial Highlights:
Highest ever pre-sales in a financial year: ₹1,915 crore
Net Debt to Equity Ratio: "Zero"
Long-term Credit Rating: Upgraded from AA- to AA by India Ratings (Fitch)
Revenue from Operations: Grew by 56% YoY to ₹565 crore
Core EBITDA: Grew by 63% YoY to ₹266 crore with a 47% margin
Key Points:
Strong Growth: Sunteck Realty witnessed significant growth in pre-sales, revenue, and profitability in both Q4FY24 and FY24.
Robust Financials: The company's strong financial position is evident in its zero net debt to equity ratio and credit rating upgrade.
Focus on Delivery: Sunteck Realty remains committed to timely project completion and delivery, as reflected in its high pre-sales and revenue growth.
For further details and analysis:
ICICI Direct Analysis: https://www.icicidirect.com/research/equity/rapid-results/sunteck-realty-ltd
5paisa Share Price: https://www.5paisa.com/stocks/sunteck-share-price
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