Sunteck Realty Reports Net Profit of Rs 101.33 Crore in Q4 FY24
Sunteck Realty's net consolidated total income stood at Rs 434.99 crore in Q4 FY24
Real EstateSunteck RealtyQ4 Fy24Net ProfitFundraisingDividendReal EstateMay 30, 2024
The company's net consolidated total income stood at Rs 434.99 crore in Q4 FY24, a significant increase from Rs 56.90 crore in the similar quarter last year. The board of directors recommended a final dividend of 150% of Rs. 1.50 per equity share of the face value of Re 1 each to the shareholders for the financial year ended March 31, 2024.
The board also approved an enabling resolution for raising of 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 Rs. 2,250 crore in the following manner: non-convertible debt of not more than Rs. 1,500 crore by way of private placement in one or more tranches and by way of equity shares and/or any other securities convertible into equity shares of not more than Rs. 750 crore in one or more tranches.
On January 19, 2024, and February 27, 2024, Sunteck YM Realty and Sundunes Real Estate were incorporated, as wholly owned subsidiaries, wherein the holding company has subscribed 10,000 equity shares of face value of Rs 10 per share each amounting to Rs one lakh each on March 30, 2024, and April 23, 2024, respectively. On March 30, 2024, Piramal Sunteck Realty (PSRPL), a joint venture company, has completed the buy-back of 112,600 fully paid-up equity shares (of which 50% i.e. 56,300 equity shares was of holding company) having face value of Rs 10 each at a price of Rs 1,110 per equity share on a proportionate basis from its existing equity shareholders.
Sunteck Realty is a leading real estate developer in India, known for its luxurious and affordable residential and commercial projects. The company has a strong presence in Mumbai and Pune, and has been expanding its business to other parts of the country.
Sunteck Realty is a Mumbai-based real estate developer founded in 2000. The company has a diverse portfolio of projects, including residential, commercial, and retail spaces. Sunteck Realty is known for its commitment to quality, innovation, and customer satisfaction, and has won several awards for its projects.
Frequently Asked Questions
What is Sunteck Realty's net consolidated profit after tax in Q4 FY24?
Rs 101 33 crore
What is the company's net consolidated total income in Q4 FY24?
Rs 434 99 crore
What is the final dividend recommended by the board of directors?
150% of Rs 1 50 per equity share
What is the aggregate amount approved for fundraising by the board?
Rs 2 250 crore
What is the face value of the equity shares subscribed by the holding company in Sunteck YM Realty and Sundunes Real Estate?
Rs 10 per share
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