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Sunteck Q3 sales value muted YoY

News: Sunteck Realty has posted pre-sales of Rs.352 crore (up 0.9% YoY) and steady collections of Rs.270 crore (up 7.1% YoY) during Q3FY22. Flattish sales value YoY is owing to lack of major new launch in our view

Views: With projects across the pricing spectrum in MMR, the company is confident of maintaining the robust growth in pre-sales driven by new launches and ready-to-move-in inventory. We note that growth ahead will be driven by affordable segment for the company.

Impact: Neutral