Sunteck Realty Reports Strong PAT Growth Amid Declining Net Sales in Q3 FY24-25

Jan 20 2025 05:45 PM IST
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Sunteck Realty's third-quarter FY24-25 financial results reveal a profit after tax of Rs 77.15 crore, indicating significant year-on-year growth. The company maintains a low debt-equity ratio of 0.09 times, showcasing effective borrowing management, while net sales have decreased to Rs 161.76 crore compared to previous quarters.
Sunteck Realty has released its financial results for the third quarter of FY24-25, showcasing a profit after tax (PAT) of Rs 77.15 crore, which marks a notable year-on-year growth. This substantial increase in profitability highlights a strong performance in this area.

The company's financial stability is further illustrated by its debt-equity ratio, currently at a low 0.09 times, the lowest observed in the last five half-yearly periods. This indicates that Sunteck Realty has been successful in managing its borrowing levels in relation to its equity capital. Additionally, the debtors turnover ratio has reached a high of 6.58 times, reflecting the company's effectiveness in managing its receivables.

On the other hand, the company has experienced a decline in net sales for the quarter, which have fallen to Rs 161.76 crore. This represents a decrease when compared to the average net sales of the previous four quarters, which were Rs 238.67 crore. This shift in sales performance may pose challenges for the company in the near term.

In light of these developments, there have been evaluation changes regarding Sunteck Realty's financial standing.

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