Sunteck Realty Q2 net profit Rs 97.28 crore
Separately, the company also announced that it has approved the transfer of its step-down subsidiary - Denise Realties to Thaler Developers.
By Kailash Babar, ET Bureau | Updated:
MUMBAI: Realty developer Sunteck Realty has reported consolidated net profit of Rs 97.28 crore for the quarter ended September as against Rs 15.53 crore a year ago. Total income for the quarter rose to Rs 206.06 crore from Rs 30.20 crore, the company said in a regulatory filing.
“Incremental sales in two of our key projects Signature Island and Signia Isles in BKC have started hitting the profit & loss directly this quarter, while the third project Signia Pearl has also contributed to the six-fold rise in revenue,” said Kamal Khetan, CMD of Sunteck Realty.
Separately, the company also announced that it has approved the transfer of its step-down subsidiary - Denise Realties to Thaler Developers.
On Monday, shares of Sunteck Realty closed at Rs 207.80 on the Bombay Stock Exchange, up 4.2% over previous close
“Incremental sales in two of our key projects Signature Island and Signia Isles in BKC have started hitting the profit & loss directly this quarter, while the third project Signia Pearl has also contributed to the six-fold rise in revenue,” said Kamal Khetan, CMD of Sunteck Realty.
Separately, the company also announced that it has approved the transfer of its step-down subsidiary - Denise Realties to Thaler Developers.
On Monday, shares of Sunteck Realty closed at Rs 207.80 on the Bombay Stock Exchange, up 4.2% over previous close
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