HighPositive
Announced Tue, 21 Jul · 22:22 IST
Sunteck Realty Q1 profit jumps 26% on strong sales, margin growth
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Awaiting price reaction for this filing.
AI summary
Sunteck Realty reported a 26% year-on-year jump in Q1 net profit to around Rs 42 crore, while revenue stayed largely flat at around Rs 192 crore. EBITDA surged 40% YoY to Rs 67 crore with operating margin expanding to 35% from 25%, and net profit margin improving to 22% from 18%. Pre-sales rose 20% to Rs 787 crore and customer collections grew 17% to Rs 409 crore, reflecting resilient demand in Mumbai's premium housing segment.