Sunteck Realty Q2 PAT seen up 510.4% YoY to Rs. 93.1 cr: Yes Securities

Sunteck Realty: Sunteck Realty arm acquires facility management services provider Rusel Multiventures. Subsidiary Clarissa Facility Management LLP has acquired 10% stake of Rusel Multiventures, which is also belong to real estate industry. With this acquisition, the company will leverage facility management expertise to create additional streams of revenue, cost-effectiveness and continous supply of facilities which will improve its overall effectiveness and productivity.

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Yes Securities has come out with its second quarter (July-September’ 22) earnings estimates for the Real Estate sector. The brokerage house expects Sunteck Realty to report net profit at Rs. 93.1 crore up 510.4% year-on-year (up 273.3% quarter-on-quarter).

Net Sales are expected to increase by 185.5 percent Y-o-Y (up 171.2 percent Q-o-Q) to Rs. 389.1 crore, according to Yes Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 1,289 percent Y-o-Y (up 816 percent Q-o-Q) to Rs. 154.4 crore.

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