Sunteck Realty Business Update | Q4 pre-sales rise 26%, collections fall

Real estate developer Sunteck Realty Ltd on Tuesday (April 16) announced its business update, showcasing growth in pre-sales for the fourth quarter and fiscal year 2023-24.
The company reported a 26% year-on-year (YoY) increase in Q4 pre-sales, amounting to ₹678 crore. For the entire fiscal 2023-24 (FY24), Sunteck Realty's pre-sales reached ₹1,915 crore, marking a 20% YoY growth.
Collections for Q4 of FY24 stood at ₹296 crore, reflecting a 10.3% decline compared to the same period last year. Sunteck Realty's full-year collections for FY24 remained at ₹1,236 crore.
The company currently boasts seven large projects in the Mumbai Metropolitan Region (MMR), with a gross development value (GDV) of approximately ₹30,000 crore.
The company said its “annuity income portfolio” has expanded with two "marquee leased assets at BKC Junction."
Shares of Sunteck Realty Ltd ended at ₹428.25, down by ₹1.30, or 0.30%, on the BSE.