Sunteck Realty Q4 Results: Profit Soars to ₹101 Crore
Sunteck Realty reports net profit of ₹101.3 crore in Q4
Sunteck RealtyQ4 ResultsReal EstateEarningsDividendReal EstateMay 30, 2024
The company's revenue from operations increased a massive 773.01% to ₹426.9 crore, compared to ₹48.9 crore in the corresponding period of the preceding fiscal. At the operating level, EBITDA stood at ₹153.4 crore in the fourth quarter of this fiscal, a significant improvement from the ₹9.1 crore loss in the corresponding period in the previous fiscal. The EBITDA margin stood at 35.9% in the reporting quarter.
Sunteck Realty has reported the highest-ever pre-sales in a financial year of ₹1,915 crore. The board has recommended a final dividend of 150% of ₹1.50 per equity share of the face value of ₹1 each to the shareholders for the financial year ended March 31, 2024. The dividend shall be subject to the approval of the shareholders at the ensuing Annual General Meeting.
Additionally, the board has approved an enabling Resolution for raising funds in one or more tranches either by way of QIP, FPO, ADR, GDR, rights issue, debt issue, preferential issue, FCCB, etc. or any other method for an aggregate not exceeding ₹2,250 crore. Specifically, the company plans to raise up to ₹1,500 crore through non-convertible debt via private placement in one or more tranches. Additionally, the company aims to raise up to ₹750 crore by issuing equity shares and/or other securities convertible into equity shares, also in one or more tranches.
Shares of Sunteck Realty Ltd ended at ₹474.45, down by ₹6.80, or 1.41% on the BSE.
Sunteck Realty Ltd is a Mumbai-based real estate company that focuses on residential and commercial projects.
Sunteck Realty Ltd is a leading real estate player in India, known for its quality construction and customer-centric approach.
Frequently Asked Questions
What is the net profit of Sunteck Realty in Q4?
₹101 3 crore
What is the dividend declared by Sunteck Realty?
₹1 50 per equity share
How much does Sunteck Realty plan to raise through debt and equity?
Up to ₹2 250 crore
What is the EBITDA margin of Sunteck Realty in Q4?
35 9%
How much are the shares of Sunteck Realty down by?
₹6 80 or 1 41% on the BSE
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