Sunteck Realty Q1 results: profit at ₹22.78Cr, Revenue increased by 348.16% YoY

Sunteck Realty Q1 Results Live : Sunteck Realty Q1 Results Live: Sunteck Realty declared their Q1 results on 14 Aug, 2024. The topline saw a dramatic increase of 348.16% year-over-year, with the profit standing at ₹22.78 crore. This is a significant turnaround as the company had declared a loss of ₹6.74 crore in the same period of the previous fiscal year. However, compared to the previous quarter, the revenue declined by 25.91%.

The company's Selling, General & Administrative (SG&A) expenses rose by 2.46% quarter-over-quarter and saw an increase of 9.08% year-over-year. Despite the rise in expenses, the operating income showed a remarkable year-over-year increase of 403.44%, although it was down by 81.36% quarter-over-quarter.

The Earnings Per Share (EPS) for Q1 stood at ₹1.56, marking an impressive year-over-year increase of 425%. This growth in EPS is reflective of the company's strong financial performance over the last year.

In terms of stock performance, Sunteck Realty has delivered a return of 4.72% in the last week, 29.18% over the past six months, and a 30.55% year-to-date return. The company currently boasts a market cap of ₹8525.46 crore, with a 52-week high of ₹699 and a 52-week low of ₹351.25.

As of 16 Aug, 2024, out of the 10 analysts covering Sunteck Realty, 2 have given a 'Buy' rating, while 8 have given a 'Strong Buy' rating. The consensus recommendation stands at 'Strong Buy', reflecting strong investor confidence in the company's future prospects.