Sunteck Realty Announces Unaudited Consolidated and Standalone Earnings Results for the Second Quarter and Half Year Ended September 30, 2017
November 13, 2017 at 03:33 am
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Sunteck Realty announced unaudited consolidated and standalone earnings results for the second quarter and half year ended September 30, 2017. For the quarter, on consolidated basis, the company reported revenue from operations of INR 3,467.339 million compared to INR 2,060.671 million a year ago. Total income was INR 3,510.733 million compared to INR 2,116.837 million a year ago. Profit for the period before tax and share of profit of associates/joint ventures was INR 910.463 million compared to INR 1,170.814 million a year ago. Profit for the period before tax was INR 868.045 million compared to INR 1,152.545 million a year ago. Profit for the period attributable to equity holders of the parents was INR 645.252 million compared to INR 972.783 million a year ago. Diluted EPS (not annualized) was INR 5.37 compared to INR 8.11 a year ago. EBITDA was INR 993 million compared to INR 1,264 million a year ago.
For the half year, on consolidated basis, the company reported revenue from operations of INR 4,801.083 million compared to INR 7,305.934 million a year ago. Total income was INR 4,865.238 million compared to INR 7,400.125 million a year ago. Profit for the period before tax and share of profit of associates/joint ventures was INR 1,532.138 million compared to INR 2,237.375 million a year ago. Profit for the period before tax was INR 1,487.839 million compared to INR 2,182.251 million a year ago. Profit for the period attributable to equity holders of the parents was INR 995.034 million compared to INR 1,574.003 million a year ago. Diluted EPS (not annualized) was INR 8.29 compared to INR 13.12 a year ago.
For the quarter, on standalone basis, the company reported revenue from operations of INR 45.878 million compared to INR 398.838 million a year ago. Total income was INR 248.351 million compared to INR 602.012 million a year ago. Profit for the period before tax and share of profit of associates/joint ventures was INR 140.975 million compared to INR 471.173 million a year ago. Profit for the period before tax was INR 140.975 million compared to INR 471.173 million a year ago. Profit for the period attributable to equity holders of the parents was INR 132.305 million compared to INR 458.437 million a year ago. Diluted EPS (not annualized) was INR 1.05 compared to INR 3.64 a year ago.
For the half year, on standalone basis, the company reported revenue from operations of INR 607.780 million compared to INR 1,084.772 million a year ago. Total income was INR 912.429 million compared to INR 1,488.947 million a year ago. Profit for the period before tax and share of profit of associates/joint ventures was INR 579.387 million compared to INR 1,254.009 million a year ago. Profit for the period before tax was INR 579.387 million compared to INR 1,254.009 million a year ago. Profit for the period attributable to equity holders of the parents was INR 550.146 million compared to INR 1,176.005 million a year ago. Diluted EPS (not annualized) was INR 4.36 compared to INR 9.34 a year ago.
Sunteck Realty Limited is an India-based company, which is engaged in the activities of real estate development of residential and commercial projects. It is engaged in real estate activities with owned or leased property. It focuses on a city-centric development portfolio of approximately 52.5 million square feet spread across 20 projects. The Companyâs projects are under six brands, such as Signature: uber luxury residences, Signia: ultra-luxury residences, Sunteck City: premium luxury residences, Sunteck Beach Residences: marquee luxury destination, Sunteck World: aspirational luxury residences, and Sunteck: commercial and retail developments. Its commercial and retail projects include Sunteck Promenade, Sunteck Pinnacle, Sunteck Icon, Sunteck Crest, SunteckCity 5th Avenue, BKC 51, Sunteck Centre, Sunteck Grandeur and Sunteck Kanaka. Its residential projects include Signature Island, Signia Pearl, Signia Isles, Signia Waterfront, Signia Oceans, and others.