Earnings preview: Sunteck Realty

Mumbai based Sunteck Realty will be reporting its March quarter results today. According to estimates, it is expected to do profit after tax (PAT) of Rs 198 crore for FY17 and revenue of Rs 901 crore.

Analysts expect revenues to be driven by the sales of their premium Bandra Kurla Project (BKC). Other than revenues, sales booking trend for the quarter will also be important.

The stock has been the best performing real estate stock since the beginning of the year. The March quarter results will decide whether the momentum will continue. The street would also be looking forward to the management’s guidance and commentary on RERA and GST.