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
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%...
Sunteck Realty Ltd. is trading below it's 30 day SMA of 266.0
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