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Writer's pictureCA Vishnu Agarwal

Sunteck Realty Ltd. Q4FY24 & FY24 Annual Results:


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:


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