Sunteck Realty Limited, Mumbai’s premium real estate developer, announced its results for the fourth quarter and full year of FY24. The company reported the highest ever pre-sales in a financial year of Rs.1,915 cr.Net Debt to Equity Ratio stands at “Zero” & Long-term Credit Rating upgraded from AA- to AA by India Ratings (Fitch).
Revenue from Operations grew by 56% YoY to Rs 565 cr. Core EBITDA grew by 63% YoY to Rs 266 cr in FY24 with a 47% margin. PAT grew by 4934% YoY to Rs 71 cr. 2 commercial assets “Sunteck Icon” and “Sunteck BKC 51”at BKC Junction leased for a tenure of 29 years
Pre-sales grew by 26% YoY to Rs 678 cr. Revenue from Operations grew by 774% YoY to Rs 427 cr. EBITDA grew by 845% YoY to Rs 199 cr. PAT stood at Rs 101 cr. Core EBITDA Margin stood at 46%. Net Profit Margin stood at 24%
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