Sunteck Realty has recently unveiled its financial performance for the latest quarter, revealing a notable 50% drop in consolidated net profit, which stood at ₹50.38 crore for the March quarter. This contrasts sharply with the ₹101.33 crore net profit reported during the same period last year. The company’s total income also saw a significant decrease, plummeting to ₹217.83 crore for January-March FY25 from ₹434.99 crore in the previous year, as disclosed in a regulatory update.
Financial Overview of Sunteck Realty
Despite the quarterly setback, Sunteck Realty showcased remarkable growth in its overall fiscal performance. The company closed FY25 with its highest annual pre-sales, reaching an impressive ₹2,531 crore, marking a 32% increase compared to the previous year.
Key Financial Highlights:
- Annual Revenue: Surged by 51% to ₹853 crore.
- Net Profit: More than doubled from ₹71 crore in FY24 to ₹150 crore in FY25.
- EBITDA: Rose by 58% to ₹186 crore.
- Net Debt-to-Equity Ratio: Remarkably stable at zero, with a net cash surplus of ₹125 crore.
In addition, Sunteck’s Board has proposed a final dividend of 150% or ₹1.50 per equity share for the financial year ending March 31, 2025. However, this dividend is contingent upon approval from shareholders at the forthcoming annual general meeting.
Sunteck Realty’s Market Position
Sunteck Realty specializes in upscale and luxury residential developments in the Mumbai Metropolitan Region. The company’s extensive portfolio encompasses 52.5 million square feet across 32 projects, solidifying its position as a leading player in the Indian real estate sector.
Yearly Comparisons
In a broader context, the fiscal year 2024-25 led to an increase in net profit to ₹150.31 crore, up from ₹70.02 crore in FY24. Total income also saw an upswing, climbing to ₹902.67 crore from ₹620.31 crore.
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