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Realty stock in focus after its net profits increases by 348% in Q2

A realty stock reported a 348% YoY surge in net profit to ₹35 crore and a 578% increase in revenue to ₹169cr for the September quarter, indicating strong sector growth.

Introduction:

A realty stock reported a 348% YoY surge in net profit to Rs 35 crore for the September quarter. Revenue jumped 578% to Rs 169 crore, reflecting robust growth and financial health in the real estate sector.

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Share Price movement of Sunteck Realty:

On 13th Nov, Sunteck Realty’s share price showed notable fluctuations, opening at ₹515. During the day it reached an intraday high of ₹527.50 before dropping to a low of ₹496.20, reflecting significant trading volatility and investor activity throughout the day.

Sunteck Realty Q2 Results:

Sunteck Realty, a prominent realty stock, reported a substantial 348% YoY increase in net profit to Rs 35 crore for the quarter ending in September. The developer also saw its revenue from operations soar by 578% to Rs 169 crore during the same period.

The company’s operating profit climbed 364% YoY to Rs 37 crore, with pre-sales rising nearly 33% to Rs 524 crore. Collections also grew by about 25%, reaching Rs 267 crore, highlighting a strong quarterly financial performance.

For the first half of FY 2024-25, Sunteck Realty’s pre-sales surged 31.2% to Rs 1,026 crore, while collections rose 21.3% to Rs 609 crore. The firm is expanding its city-centric development portfolio, including projects in South Mumbai, Bandra, and even an international venture in Dubai.

Recent news About Sunteck Realty:

Sunteck Realty recently reported a remarkable 348% year-over-year increase in net profit to ₹35 crore for the quarter ending in September. Revenue also rose significantly, demonstrating the firm’s strong market position and successful city-centric development strategy.

Ace investor holding of Sunteck Realty:

Mohnish Pabrai, a renowned value investor and managing partner at Pabrai Investment Fund, holds a significant position in Sunteck Realty. His investment strategy follows the value investing principles, reflecting his belief in Sunteck Realty’s potential for sustainable growth and profitability.

Stock performance of Sunteck Realty for Period of 1 week, 6 months and 1 year:

Over the past week, Sunteck Realty’s stock has experienced a decline of 8.28%. However, the performance over the last six months shows a positive return of 14.6%, and over the past year, the stock has gained an impressive 15.2%.

Shareholding pattern of Sunteck Realty:

All values in %Sep-24Jun-24Mar-24
Promoters63.2463.2463.24
FII19.4118.5218.34
DII8.619.299.1
Retail & others8.748.949.3

About Sunteck Realty Industries:

Sunteck Realty Industries is a leading real estate developer known for its premium residential, commercial, and retail projects. The company focuses on high-growth, strategic locations, particularly in Mumbai, and is renowned for its luxurious developments and commitment to quality and innovation in construction.

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