Sunteck Realty Limited Reports Unaudited Consolidated and Standalone Earnings Results for Second Quarter and Six Months Ended September 30, 2016
December 12, 2016 at 09:58 am EST
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Sunteck Realty Limited reported unaudited consolidated and standalone earnings results for second quarter and six months ended September 30, 2016. For the quarter on consolidated basis, the company’s net sales/income from operations was INR 1,420.933 million compared to INR 301.772 million a year ago. Profit from operations before other income, finance cost and exceptional items were INR 1,257.408 million compared to INR 93.942 million a year ago. Profit from ordinary activities before tax was INR 1,170.814 million compared to INR 209.119 million a year ago. Net profit was INR 972.874 million or INR 16.22 per basic and diluted share compared to INR 155.354 million or INR 2.59 per basic and diluted share for the same period a year ago.
For the six months on consolidated basis, the company’s net sales/income from operations was INR 6,666.045 million compared to INR 832.143 million a year ago. Profit from operations before other income, finance cost and exceptional items were INR 2,402.717 million compared to INR 272.262 million a year ago. Profit from ordinary activities before tax was INR 2,237.375 million compared to INR 367.739 million a year ago. Net profit was INR 1,574.093 million or INR 26.25 per basic and diluted share compared to INR 224.866 million or INR 2.10 per basic and diluted share for the same period a year ago.
For the quarter on standalone basis, the company’s net sales/income from operations was INR 69.985 million compared to INR 77.545 million a year ago. Profit from operations before other income, finance cost and exceptional items were INR 303.368 million compared to INR 114.871 million a year ago. Profit from ordinary activities before tax was INR 471.173 million compared to INR 145.251 million a year ago. Net profit was INR 458.437 million or INR 7.28 per basic and diluted share compared to INR 127.750 million or INR 2.03 per basic and diluted share for the same period a year ago.
For the six months on standalone basis, the company’s net sales/income from operations was INR 106.582 million compared to INR 190.018 million a year ago. Profit from operations before other income, finance cost and exceptional items were INR 924.529 million compared to INR 27.131 million a year ago. Profit from ordinary activities before tax was INR 1,254.009 million compared to INR 99.907 million a year ago. Net profit was INR 1,176.005 million or INR 18.68 per basic and diluted share compared to INR 119.676 million or INR 1.90 per basic and diluted share for the same period 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.