MUMBAI, 10 JANUARY, 2022 (GPN):

Sunteck Realty Limited announces their key operational updates for Q3 FY22 and 9M FY22:

a)    Pre-Sales: We had pre-sales of Rs ~352 crores in Q3 FY22, up 29% on QoQ basis and Rs ~800 crores in 9M FY22, up 23% on YoY basis.

b)   Collections: Collections were Rs ~270 crores in Q3 FY22, up 30% on QoQ basis and Rs ~649 crores in 9M FY22, up 41% on YoY basis.

Additionally, collections efficiency for the 9MFY22 stood at 81%, up from 71% in 9MFY21.

c)    Business Development: In the last 18 months, we have acquired ~23 million sq ft of development potential across five projects at Vasai West, Vasind, Borivali West, Kalyan (Shahad) and Pen-Khopoli, totaling to an estimated Gross Development Value (GDV) of Rs ~20,000 crores.

(Rs cr)	Q3 FY22	Q2 FY22	QoQ %	Q3 FY21	9M FY22	9M FY21	YoY %
Pre-sales	352	272	29%	349	800	651	23%
Collections	270	207	30%	252	649	459	41%

Performance Summary:

Aforesaid nos. are provisional, subject to limited review

In the forthcoming quarters, driven by new acquisitions, the company has a slew of project launches lined-up both in the premium and aspirational residential segments. These launches will lead to continued growth momentum in the pre-sales of the company and thereby, grow our market share.

This is for the information of your members and all concerned. You are requested to disseminate the above information on your respective websites.