Mumbai based Sunteck Realty’s March quarter earnings preview

MUMBAI: Sunteck Realty, one of the top performing realty companies with its shares gaining nearly 300% since 2017 beginning will be announcing its March quarter results today.

According to analyst estimates, Mumbai Metropoliton region developer is expected to report sales of Rs 215 crore and a net profit of Rs 55 crore for the fourth quarter. Company did sales of Rs 138 crore and a net profit of Rs 26 crore in the previous March quarter. Sales in its premium Bandra Kurla projects and residential projects in Oshiwara District Center (ODC) are expected to drive the company’s March quarter performance.


The company raised capital in the last fiscal. Management’s guidance on the growth opportunities and demand for its projects will be important for the stock to sustain its strong performance.