Sunteck Realty Returns to Profitability with Stellar Q4 Results
Sunteck Realty posts net profit of ₹101.3 crore in Q4
Real EstateEarningsSunteck RealtyQ4 ResultsDividend DeclarationReal Estate NewsMay 30, 2024
The company's revenue from operations witnessed a remarkable increase of 773.01% to ₹426.9 crore, compared to ₹48.9 crore in the same period of the previous fiscal. The operating level EBITDA stood at ₹153.4 crore, a significant improvement from the ₹9.1 crore loss reported in the corresponding period of the previous fiscal. The EBITDA margin stood at 35.9% in the reporting quarter.
The company has also reported the highest-ever pre-sales in a financial year, amounting to ₹1,915 crore. The board has recommended a final dividend 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 leading real estate company in India, known for its premium residential and commercial developments. The company has a strong presence in Mumbai and is expanding its footprint across other cities in India.
Sunteck Realty Ltd is committed to creating exceptional living and working spaces that meet the highest standards of quality and sustainability. With a focus on customer satisfaction, the company strives to deliver innovative and luxurious projects that exceed expectations.
Frequently Asked Questions
What is Sunteck Realty's net profit in Q4? A: ₹101 3 crore Q: What is the company's revenue from operations in Q4? A: ₹426 9 crore Q: What is the EBITDA margin in the reporting quarter? A: 35 9% Q: How much dividend has the company declared per equity share? A: ₹1 50 Q: What is the company's plan for raising funds? A: Up to ₹2 250 crore through various methods
Answer not available
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