Sunteck Realty share price rises on better business performance

Sunteck Realty: The real estate company had pre-sales of Rs 678 crore in Q4 FY24, up 26 percent on a YoY basis. Its FY24 pre-sales stood at Rs 1,915 crore, a growth of 20 percent on a year-over-year basis. It had collections of Rs 296 crore for the quarter ended March FY24, up 10.3 percent YoY, and collections in FY24 stood strong at Rs 1,236 crore, down 1.1 percent compared to FY23.

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26 Aug, 2025 12:21

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Sunteck Realty share price rose in the opening trade on April 18 after the company announced better business performance in the quarter and year ended March 2024.

At 09:33 am, Sunteck Realty was quoting at Rs 431.05, up Rs 3.55, or 0.83 percent, on the BSE.

In Q4 FY24, the pre‐sales grew by 26 percent, YoY & 49 percent, QoQ at Rs 678 crore, while for FY24 pre-sales rose 20 percent, YoY at Rs 1,915 crore.

The company had collections of Rs 296 crores in Q4FY24 and for FY24, the collections stood at Rs 1,236 crore.

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India Ratings has upgraded Sunteck Realty's Long Term Issuer ratings from IND AA- to IND AA with a stable outlook.

Earlier this month, the company "entered a long-term understanding/ agreement of its second premium commercial building at BKC Junction, Sunteck Icon, to Bennett, Coleman & Co Ltd.

The built‐up area of Sunteck Icon is approximately 2 lakh square feet with an approximate rental of Rs 300 per square foot per month on a carpet area basis.

This will allow the company to generate a revenue of close to Rs 2,000 crore over 29 years.

The company recently announced the expansion of its "uber luxury residential portfolio" with entry into Nepean Sea Road and Bandstand‐Bandra West with Gross Development Value (GDV) of over Rs 3,000 crore.