On track to achieve the guidance on bookings

Company
23 Jan 2024
5 Min read 
  • Sunteck Realty reported 3QFY24 pre-sales of INR4.5b, up 15% YoY/QoQ.
  •  Collections rose 44% YoY and doubled sequentially to INR4.4b.
  •  Lower mid-income projects posted strong bookings of INR1.4b, up 113% YoY.
  •  Net debt reduced to INR490m in 3Q from INR2.6b in 2QFY24.
  •  P&L performance expected to improve significantly in 4QFY24.
  •  TP of INR640 (+42%) with a Buy rating.
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