Sunteck Realty Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 30, 2024 at 02:53 pm
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Sunteck Realty Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 4,268.89 million compared to INR 488.75 million a year ago. Revenue was INR 4,349.94 million compared to INR 569.03 million a year ago. Net income was INR 1,013.36 million compared to net loss of INR 279.38 million a year ago. Basic earnings per share from continuing operations was INR 6.92 compared to basic loss per share from continuing operations of INR 1.99 a year ago. Diluted earnings per share from continuing operations was INR 6.92 compared to diluted loss per share from continuing operations of INR 1.99 a year ago.
For the full year, sales was INR 5,648.47 million compared to INR 3,624.47 million a year ago. Revenue was INR 6,203.19 million compared to INR 3,908.73 million a year ago. Net income was INR 709.28 million compared to INR 14.09 million a year ago. Basic earnings per share from continuing operations was INR 4.99 compared to INR 0.1 a year ago. Diluted earnings per share from continuing operations was INR 4.99 compared to INR 0.1 a year ago.
Sunteck Realty Limited is an India-based company, which is engaged in the activities of real estate development of residential and commercial projects. It is engaged in construction and development of real estate and allied activities. It has a portfolio of about 52.5 million square feet spread across 32 projects. The Companyâs projects are under six brands, such as Signature, Signia, Sunteck City, Sunteck World and commercial and retail under Sunteck labels. Its residential projects include uber luxury, ultra luxury, premium luxury, marquee luxury, and aspirational luxury. Its commercial and retail projects include Sunteck Pinnacle, Sunteck Crest, Sunteck Promenade, Sunteck Icon, 5th Avenue, SunteckCity, Sunteck Centre, Sunteck Grandeur, Sunteck Kanaka, Sunteck BKC 51. The Company's subsidiaries include Advaith Infraprojects Private Limited, Clarissa Facility Management LLP, Sunteck Lifestyle International Private Limited (Mauritius), Sunteck Property Holdings Private Limited.