Sunteck Realty Ltd.

NSE: SUNTECK | BSE: 512179 | ISIN: INE805D01034 |Industry: Realty
|Momentum Trap
261.90 -4.50 (-1.69%)
NSE Oct 29, 2020 15:31 PM
Volume: 173.3K
 

Sunteck Realty Ltd.    
03 May 2019
261.90
-1.69%
Arihant Capital
Sunteck Realty Ltd (SRL) reported strong set of numbers. Standalone results were robust, however consolidated results were below our estimate. Consolidated revenue for the quarter grew 30% YoY and 38% QoQ to Rs 2697mn against our estimate of Rs 3620mn. EBITDA for Q4FY19 came at Rs 888mn (estimate Rs 1270mn) a growth of 4% QoQ and degrowth of 17% YoY. EBITDA margin fell to 33% for the quarter against 44% in QoQ and 52% YoY, mainly due to revenue recognition from Naigaon Project which carries lower margin. PAT for the quarter stood at Rs 634mn which was below our estimate of Rs 830mn, a growth of 3% YoY and 29%...
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Sunteck Realty Ltd. is trading below it's 30 day SMA of 266.0
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