Sunteck Realty Ltd — Capital/Financing Update 2021

Apr 22, 2021

Sunteck Realty Ltd.

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SRL/SE/6/21-22

Date: 22[nd] April, 2021

The Manager, Listing Department National Stock Exchange of India Ltd Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex Bandra (East), Mumbai- 400 051 Scrip Code: SUNTECK

The Secretary, Listing Department,

Department of Corporate Services BSE Limited Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai – 400 001 Scrip Code: 512179

Dear Sir,

Sub: Operational update for Q4 - FY20-21

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, please find enclosed press release regarding “Sunteck Realty Limited - Operational update for Q4 FY20-21.”

Kindly take the same on record.

Thanking You ,

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5[th] Floor, Sunteck Centre, 37-40 Subhash Road, Vile Parle (East), Mumbai 400057. Tel: +91 22 4287 7800 Fax: +91 22 4287 7890 Website: www.sunteckindia.com

CIN: L32100MH1981PLC025346 Email Id: cosec@sunteckindia.com

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Press Release

Sunteck Realty Limited announces Operational Update for Q4 & FY21

• Pre-sales grows by 6% qoq in Q4 FY21 to Rs 371 cr

• Collections grows by 27% qoq in Q4 FY21 to Rs 321 cr

• Highest-ever collections achieved during the 4QFY21 and FY21

• Strong quarter-wise sequential growth witnessed in FY21 both in Pre-sales and Collections

• Aggressive project acquisitions done in FY21 within the industry

Mumbai, April 22, 2021: Sunteck Realty Limited, Mumbai’s premium real estate developer, announced its Q4 and FY21 operational updates.

							Rs cr
Pre-Sales	Segment	1QFY21	2QFY21	3QFY21	4QFY21	FY20	FY21
BKC Projects	Luxury	-	-	-	90	72	90
ODC Projects	Mid-income	41	53	189	201	273	484
Naigaon Projects	Affordable	48	32	62	75	763	217
Other Projects	Mixed	12	115	99	5	113	231
Total		101	200	349	371	1,221	1,022

							Rs cr
Collections	Segment	1QFY21	2QFY21	3QFY21	4QFY21	FY20	FY21
BKC Projects	Luxury	-	44	-	51	100	95
ODC Projects	Mid-income	29	31	114	104	269	278
Naigaon Projects	Affordable	35	41	65	89	278	230
Other Projects	Mixed	1	26	73	77	68	177
Total		65	141	252	321	715	780

Q4FY21 Highlights –

• Strong pre-sales witnessed during the quarter.

• Highest-ever collections achieved during the quarter.

• Acquisition of ~7 acre land parcel at Borivali (West), under the asset light JDA model. The residential project in the western suburbs of Mumbai Metropolitan Region (MMR) will have ~1 mn sq ft of development potential.

• Strong cash flows during the quarter resulting in further reduction of negligible debt. Our average cost of borrowing has further come down during the quarter.

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5th Floor, Sunteck Centre, 37-40 Subhash Road, Vile Parle (East), Mumbai - 400 057. Tel: + 91 22 42877800 Fax: + 91 22 428778890 Website: www.sunteckindia.com CIN: L32100MH1981PLC025346

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Press Release

FY21 Highlights –

• Highest-ever pre-sales achieved in the mid-income segment driven by residential projects at ODC, Goregaon West - a yoy growth of 77%.

• Strong pre-sales also witnessed in the ready to move in projects across segments.

• Highest-ever collections achieved in a financial year in FY21 at Rs 780 cr.

• Aggressive project acquisition done in FY21 within the industry - 3 new project acquisitions under the asset-light strategy totaling to approx. 8 mn sq ft. at Vasai, Vasind and Borivali. These projects will further strengthen the cash flows and balance sheet of the company.

Commenting on the Q4 and FY21 operational performance, Mr. Kamal Khetan, Chairman and

Managing Director, Sunteck Realty Ltd. said: “Presently, we are witnessing strong consolidation across the industry and we will be one of the biggest beneficiaries of this trend. The industry consolidation has already resulted in 3 new project acquisitions for us at Vasai, Vasind and Borivali in MMR. Going forward, we expect to leverage our brand franchise and management expertise to continue to evaluate new growth opportunities and thereby increasing our overall market share.

During FY21, we have achieved strong pre-sales and highest-ever collections. A key to our strong operational performance is being a dominant developer in each of the micro-markets and housing segments we are operating. Additionally, the focus on our core strength of sales & marketing and inhouse construction capabilities will enable us to sustain this strong pre-sales and collections trend going forward.”

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5th Floor, Sunteck Centre, 37-40 Subhash Road, Vile Parle (East), Mumbai - 400 057. Tel: + 91 22 42877800 Fax: + 91 22 428778890 Website: www.sunteckindia.com CIN: L32100MH1981PLC025346

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Press Release
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About Sunteck Realty

Sunteck Realty Limited (SRL) is one of the fastest growing Mumbai-based luxury real estate development companies. SRL has an immaculate track record of having one of the lowest net Debt/Equity ratios, financial prudency and sustainable growth. The company focuses on a city centric development portfolio of about 40 million square feet spread across 28 projects. Sunteck Realty has differentiated its projects under five brands - ‘Signature’: Uber luxury residences, ‘Signia’: Ultra luxury residences, ‘Sunteck City’: Premium luxury residences, ‘Sunteck World’: Aspirational luxury residences, ‘Sunteck’: Commercial & Retail developments. The company has been a trendsetter in creating iconic destinations such as the flagship project, Signature Island at Bandra Kurla Complex (BKC), Sunteck City in Oshiwara District Centre (ODC), Goregaon and SunteckWorld at Naigaon - the largest township of MMR’s western Suburbs.

Disclaimer

Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like regulatory changes, local political or economic developments, technological risks, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward looking statements. Sunteck Realty Limited will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

For further details, please contact:

	Investor Relations Prashant Chaubey: +91 22 4287 7800 Sunteck Realty Limited Email: ir@sunteckindia.com	Corporate Communications Siddharth Bhatia : +91 22 4287 7856 Sunteck Realty Limited Email: corporaterelations@sunteckindia.com

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5th Floor, Sunteck Centre, 37-40 Subhash Road, Vile Parle (East), Mumbai - 400 057. Tel: + 91 22 42877800 Fax: + 91 22 428778890 Website: www.sunteckindia.com CIN: L32100MH1981PLC025346