Sunteck Realty Limited announces Q4 and full year FY2018 results

Sunteck Realty Limited announces Q4 and full year FY2018 results
25/05/2018 , by , in News/Views

Sunteck Realty Limited, Mumbai’s premium real estate developer catering to the premium and ultra-premium segment announced its financial results for the quarter and full year ended March 31, 2018.

The company’s EBITDA grew by 48%yoy to Rs107cr during Q4FY2018, PAT grew by 65%yoy to Rs56cr during Q4FY2018, PAT margins increase to 27% (+252bps yoy) during Q4FY2018. The financial year has been wonderful for Sunteck Realty Limited.

Commenting on the Q4 & full year FY2018 performance, Mr. Kamal Khetan, Chairman and Managing Director, Sunteck Realty Ltd. said: “The year gone by has been an eventful one for us. The highly successful capital raise put us in an enviable position to take the company to the next level of growth. The strengthened balance sheet helped us improve our long term credit rating from A+ to AA-. We forayed into the aspirational homes segment with the acquisition of 100acres in the western suburbs of MMR under the JDA model. This allows us to be present in the entire spectrum of real estate industry from super luxury for ultra-HNIs to aspirational homes under the affordable segment.”

Sunteck Realty Limited (SRL) is the fastest growing Mumbai-based real estate development company, catering to the Uber premium, premium, ultra-luxury and luxury residential segment. The company has delivered residential and commercial developments totaling Rs5,900cr. SRL focuses on a city-centric development portfolio of about 30 million square feet spread across 25 projects.

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