Sunteck Realty - Resilient Performance In Tough Times: ICICI Securities

Scaffolding covers sections of the T Plus residential property.   (Photographer: Anthony Kwan/Bloomberg)

Sunteck Realty - Resilient Performance In Tough Times: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

As per Sunteck Realty Ltd.’s Q1 FY22 operations update, the company has clocked healthy sales bookings of Rs 1.8 billion in Q1 FY22 (up 74% YoY) along with quarterly collections of Rs 1.7 billion.

We believe that the company has been able to utilise its learnings from FY21 and has been able to clock higher sales even in a Covid-19 impacted quarter by adopting digital channels to drive its sales bookings.

With sales momentum sustaining for completed/launched inventory, the company is targeting to launch the Naigaon Phase III and Vasai/Vasind projects in FY22E which is expected to boost sales in FY22-23E.

Click on the attachment to read the full report:

ICICI Securities Sunteck Realty Update.pdf


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