Sunteck Realty Limited Reports Audited Consolidated and Standalone Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2017
May 26, 2017 at 07:01 am EDT
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Sunteck Realty Limited reported audited consolidated and standalone earnings results for the fourth quarter and full year ended March 31, 2017. For the quarter, on consolidated basis, the company reported revenue from operations of INR 1,379.169 million compared to INR 826.721 million a year ago. Profit before tax was INR 489.632 million compared to loss before tax of INR 281.772 million a year ago. Profit after tax was INR 261.826 million or INR 4.33 per basic and diluted share (not annualized) compared to loss after tax of INR 26.988 million or INR 0.23 per basic and diluted share (not annualized) a year ago.
For the year, on consolidated basis, the company reported revenue from operations of INR 9,521.965 million compared to INR 2,433.686 million a year ago. Profit before tax was INR 3,084.404 million compared to INR 226.983 million a year ago. Profit after tax was INR 2,212.377 million or INR 34.01 per basic and diluted share (not annualized) compared to INR 290.170 million or INR 3.83 per basic and diluted share (not annualized) a year ago. EBITDA was INR 3,562 million against INR 418 million a year ago. Net debt was INR 8,454 million as on March 31, 2017 against INR 11,422 million as on March 31, 2016.
For the quarter, on standalone basis, the company reported revenue from operations of INR 624.078 million compared to loss from operations of INR 37.913 million a year ago. Loss before tax was INR 16.769 million compared to INR 254.494 million a year ago. Profit after tax was INR 96.045 million or INR 1.53 per basic and diluted share (not annualized) compared to loss after tax of INR 204.981 million or INR 3.26 per basic and diluted share (not annualized) a year ago.
For the year, on standalone basis, the company reported revenue from operations of INR 1,972.414 million compared to INR 869.752 million a year ago. Profit before tax was INR 1,595.526 million compared to loss before tax of INR 24.765 million a year ago. Profit after tax was INR 1,583.543 million or INR 25.15 per basic and diluted share (not annualized) compared to INR 28.638 million or INR 0.45 per basic and diluted share (not annualized) 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 real estate activities with owned or leased property. It focuses on a city-centric development portfolio of approximately 52.5 million square feet spread across 20 projects. The Companyâs projects are under six brands, such as Signature: uber luxury residences, Signia: ultra-luxury residences, Sunteck City: premium luxury residences, Sunteck Beach Residences: marquee luxury destination, Sunteck World: aspirational luxury residences, and Sunteck: commercial and retail developments. Its commercial and retail projects include Sunteck Promenade, Sunteck Pinnacle, Sunteck Icon, Sunteck Crest, SunteckCity 5th Avenue, BKC 51, Sunteck Centre, Sunteck Grandeur and Sunteck Kanaka. Its residential projects include Signature Island, Signia Pearl, Signia Isles, Signia Waterfront, Signia Oceans, and others.
SUNTECK REALTY LIMITED 
