Sunteck Realty Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
January 31, 2023 at 07:07 am EST
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Sunteck Realty Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 893.26 million compared to INR 1,281.14 million a year ago. Revenue was INR 974.64 million compared to INR 1,347.72 million a year ago. Net income was INR 20.7 million compared to INR 111.13 million a year ago. Basic earnings per share from continuing operations was INR 0.15 compared to INR 0.79 a year ago. Diluted earnings per share from continuing operations was INR 0.15 compared to INR 0.79 a year ago.
For the nine months, sales was INR 3,135.72 million compared to INR 3,578.5 million a year ago. Revenue was INR 3,339.71 million compared to INR 3,735.97 million a year ago. Net income was INR 293.47 million compared to INR 293.99 million a year ago. Basic earnings per share from continuing operations was INR 2.09 compared to INR 2.09 a year ago. Diluted earnings per share from continuing operations was INR 2.09 compared to INR 2.09 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.