SUNTECK REALTY Announces Quarterly Results (1QFY22); Net Profit Up 269.1%

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SUNTECK REALTY Announces Quarterly Results (1QFY22); Net Profit Up 269.1%
Tue, 3 Aug

SUNTECK REALTY has announced its results for the quarter ended June 2021. Here is a detailed performance review of the same:

SUNTECK REALTY Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m5501,911927-51.5%68.7%
Other incomeRs m823634-5.5%-58.9%
TurnoverRs m6321,947961-50.6%52.1%
ExpensesRs m3941,520721-52.6%83.1%
Gross profitRs m156331206-37.6%32.3%
DepreciationRs m131413-7.7%4.7%
InterestRs m220213177-16.9%-19.4%
Profit before taxRs m613949-64.3%780.1%
TaxRs m32406-86.0%-82.4%
Profit after taxRs m-269944-55.6%
Gross profit margin%28.317.322.2
Effective tax rate%561.728.611.3
Net profit margin%-4.15.14.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 68.7% on a year-on-year (YoY) basis. The expenses were up by 83.1% YoY during the same period.
  • The company's operating profit increased by 32.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 22.2% in 1QFY22 as against 28.3% in 1QFY21.
  • Depreciation charges increased by 4.7% and finance costs declined by 19.4% YoY, respectively.
  • Other income declined by 58.9% YoY during the quarter.
  • Net profit for the quarter increased by 269.1% YoY. Net profit margins during the quarter increased from -4.1% in 1QFY21 to 4.6% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 51.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 52.6% QoQ during the same period.
  • The company's operating profit declined by 37.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.2% in 1QFY22 as against 17.3% in 4QFY21.
  • Net profit for the quarter declined by 55.6% QoQ, while net profit margins declined from 5.1% in 4QFY21 to 4.6% in 1QFY22.

To see how SUNTECK REALTY has performed over the last eight quarters,please visit here.

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SUNTECK REALTY Share Price Performance

Over the last one year, SUNTECK REALTY share price has moved up from Rs 181.4 to Rs 405.0, registering a Gain of Rs 223.6 or around 123.3%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 3,343.3 (up 0.2%). Over the last one year it has moved up from 1,557.5 to 3,343.3, a gain of 1,786 points (up 114.7%).

Overall, the S&P BSE SENSEX is up 42.6% over the year.

Current Valuations

At the current price of Rs 405.0, the price to earnings (P/E) ratio of SUNTECK REALTY stands at 118.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.0 times.

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SUNTECK REALTY Announces Quarterly Results (1QFY21); Net Profit Down 91.7% (Quarterly Result Update)

Aug 26, 2020 | Updated on Aug 26, 2020

For the quarter ended June 2020, SUNTECK REALTY has posted a net profit of Rs 29 m (down 91.7% YoY). Sales on the other hand came in at Rs 607 m (down 65.2% YoY). Read on for a complete analysis of SUNTECK REALTY's quarterly results.

SUNTECK REALTY Announces Quarterly Results (3QFY20); Net Profit Down 33.9% (Quarterly Result Update)

Feb 14, 2020 | Updated on Feb 14, 2020

For the quarter ended December 2019, SUNTECK REALTY has posted a net profit of Rs 339 m (down 33.9% YoY). Sales on the other hand came in at Rs 2 bn (down 0.4% YoY). Read on for a complete analysis of SUNTECK REALTY's quarterly results.

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