Sunteck Realty Share Price: There is a lot of selling pressure in the domestic market today. Amidst this pressure, shares of realty sector giant Sunteck Realty jumped by more than 11 percent at the speed of a rocket. This rise in the shares of luxury real estate developer Sunteck has come on the back of excellent results for the December 2024 quarter. Currently, it is priced at Rs 516.50 on BSE with an increase of 5.18 percent. In intra-day, it had reached the price of Rs 546.00 with a jump of 11.19 percent. In the December quarter, the company’s profit increased by more than 6 times and revenue by more than 3 times on an annual basis.
Highlights of Sunteck Realty Q3 Result
Sunteck Realty’s revenue jumped 281 per cent year-on-year to ₹162 crore in the December 2024 quarter. During this period, EBITDA also recovered from (-) 15 crores to 48 crores. EBITDA margin also improved rapidly to 30 percent. Net profit jumped 537 percent to Rs 43 crore. It was in net loss of Rs 10 crore in the third quarter October-December 2023 of the last financial year 2024. Pre-sales jumped 40 per cent year-on-year to ₹635 crore but collections during this period fell from ₹438 crore to ₹336 crore.
How were the shares in one year?
Shares of Sunteck Realty have made huge profits for the investors. Last year on March 20, 2024, it was at Rs 379.90, which is a one-year low for its shares. From this low level, it jumped by about 84 percent in 4 months to reach a price of Rs 698.35 on July 16, 2024, which is a record high for its shares. However, the rise of shares stopped here and at present it is about 26 percent downside from this high.
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