
Mumbai-based Sunteck Realty reported a net profit of ₹42.5 crore for Q3 FY25, reversing a net loss of ₹9.7 crore in the same quarter last year. The company’s revenue from operations saw an impressive 281.6% YoY growth, driven by bullish housing demand and strong pre-sales performance.
Key Highlights:
- Financial Performance:
- Net Profit: ₹42.5 crore, compared to a net loss of ₹9.7 crore in Q3 FY24.
- Revenue from Operations: ₹161.8 crore, up 281.6% from ₹42.4 crore in the year-ago period.
- Pre-Sales Performance:
- Q3 FY25 Pre-Sales: ₹635 crore, a 40% YoY increase from ₹455 crore in Q3 FY24.
- April-December FY25 Pre-Sales: ₹1,661 crore, up 34% YoY from ₹1,237 crore.
- Stock Update:
- Closing Price: ₹487.30
- Change: Down by ₹2.30 (0.47%) on the BSE.
Industry Context:
The company attributed its strong growth to robust housing demand, reflecting the sector’s bullish outlook. Sunteck Realty remains a prominent real estate developer in Mumbai, delivering premium and luxury housing projects.
Disclaimer: The above information is based on regulatory filings and is for informational purposes only. Always consult a financial advisor before making investment decisions.