Sunteck Realty News

Intimation of Schedule of Analyst/Investor Meeting

Closure of Trading Window

The tier I residential real estate inventory in India's top eight cities remains manageable, with a quarter-to-sales ratio of 11, lower than the six-year high of 13. Pune and Bengaluru have favorable unsold stock levels, while Mumbai and Chennai face high inventory build-up. Despite strong pre-sales and housing launches in FY24, the absorption rate remains comfortable. Pre-sales for tier-1 players grew 71% on-year in March. Collections increased by 29%, although leverage remains high. The gross debt to collections ratio slightly rose to 2.4x in FY24.

According to Ace Equity data, Piramal Pharma, Inox Wind Energy, BHEL, Sunteck Realty, Tejas Networks, and others turned profitable in Q4FY24

Experts recommend considering REITs alongside multibagger realty stocks due to rising demand for office space. SEBI's regulations have made REITs more accessible to retail investors, boosting market liquidity.

One segment of the markets which was most vulnerable to election results was the mid-cap segment of the market for one simple reason, valuations have been on the higher end. Now that a part of the election anxiety is behind as a new government gets formed. Once again the focus is back on the mid-cap. There are selected stocks from different sectors where analysts are bullish in time where there is rotational trade likely to take place in the next couple of months. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.

Transcript of Conference Call on Q4 and Full Year FY2024 results and Business Updates

Sunteck Realty Ltd., incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 6899.51 Crore) operating in Real Estate sector.

Newspaper Advertisement for publication of financial results for the quarter and year ended 31st March, 2024

Audio recording of the conference call on Q4 and Full Year FY2024 results and business updates

Investor presentation on Q4 & Full year FY 2024 results

Realty developer Sunteck Realty has reported its highest-ever annual performance in terms of pre-sales at Rs 1,915 crore for the financial year 2023-24 as against Rs 1,602 crore a year ago. The company’s net profit for the year rose to Rs 71 crore from Rs 1 crore a year ago, while core operating profit grew 63% to Rs 266 crore. Total revenue increased to Rs 565 crore, up 56% from Rs 362 crore a year ago.

Recommendation of final dividend @ 150% i.e. Rs. 1.5 per share

Audited results for the quarter and year ended 31st March, 2024

Outcome of Board Meeting

Annual Secretarial Compliance Report for the Financial Year ended 31st March, 2024

Earnings Call on Q4 and Full-Year FY2024 results and business updates

To consider and recommend Final Dividend on the Equity Share capital of the Company for the year ended 31st March, 2024.

SUNTECK REALTY LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/05/2024 ,inter alia, to consider and approve 1. Audited Financial Results (Standalone and Consolidated) of the Company for the quarter and year ended 31st March, 2024;2. If considered appropriate, recommendation of Final Dividend on the Equity Share Capital of the Company for the year ended 31st March, 2024;3. Enabling resolution for raising of funds by way of debt or equity or any other convertible securities, etc. and through QIP, FPO, rights issue, debt issue, preferential issue, etc. or any other mode.

Update on Scheme of Amalgamation of 4 (Four) wholly owned subsidiaries with Sunteck Realty Limited and their respective shareholders

Change in Information regarding Wholly Owned Subsidiary of the Company

The Q4 earning season is clearly showing its impact on parts of the market. Given the fact that the valuations are high, if there is a slight miss by the company on its expected numbers, the street is being uncharitable in its reaction. On the face of it this might appear to be negative but the fact is that the street is also rewarding the stocks where there is either a positive surprise in Q4 earnings or any of the problems are getting solved. Like in the case of some companies which are seeing the lifting of restrictions by the RBI. So the street is at equilibrium level where it clearly shows that while there is no dearth of money for performers but at the same time if the valuations are high and there is no major positive surprise then it is probably time to shed some weight. Keep an eye on the market breadth in coming days and on the mutual fund numbers which are going to come today to figure out what will be the trend of mid-caps in the short term. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.

Compliance Certificate for the financial year ended 31st March, 2024

PL has picked 7 largecap counters viz. HDFC Bank, ICICI Bank, Larsen & Toubro (L&T), Max Healthcare Institute, Maruti Suzuki, Reliance Industries (RIL) and Siemens. In the mid and smallcap universe, the top buys include the likes of Astral, Can Fin Homes, Eris Lifesciences, Grindwell Norton, Navneet Education, Praj Industries, RR Kabel, Safari Industries (India), Sunteck Realty and TCI Express.

6 companies expected to double sales in Q4 with sectors like automobiles, banks, gas utilities, pharmaceuticals showing YoY sales growth. Sunteck Realty set for a significant jump in net sales.

The ratings factor in the strong operational performance that the developer has displayed since 2020-21, and consequent improvement in the scale of operations.

Intimation of Credit Rating

Disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

The developer’s collections for the quarter grew to Rs 296 crore taking its total collections for the financial year to Rs 1,236 crores, the company said in a release.

Key Operational Updates for Q4 FY 24 and full year FY 24

Intimation of Schedule of Analyst/Investor Meeting.

Compliance Certificate for the period ended 31st March, 2024.

Compliance Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st March, 2024.

The policy was a non-event for other rate-sensitive sectors like banks and auto. Nifty Bank was up by 0.40% at 48,242,on account of gains in HDFC Bank.

Press Release

Closure of Trading Window

Scrutinizer''s Report and voting Results for Postal Ballot of the Company

Voting Results along with Scrutinizer''s Report for Postal Ballot of the Company

Intimation of Schedule of Analyst/Investor Meeting

Press Release: Sunteck WestWorld receives final EDGE green building certification from IFC, World Bank group