Healthy performance aided by luxury sales

Company
03 Jun 2024
5 Min read 
  • Sunteck Realty reported 4QFY24 results with changes in estimates, target price, and rating.
  •  The company achieved healthy performance aided by luxury sales and is targeting 30-35% bookings growth in FY25.
  •  Pre-sales in FY24 were slightly lower than guidance due to a delay in new tower launch.
  •  Sunteck became net debt free with robust surplus cash generation of INR4b.
  •  The company is aiming to launch new projects and is confident of achieving 30-35% pre-sales growth in FY25.
  •  The company's financials and valuations show a healthy improvement and strong growth potential.
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