Sunteck Realty announced that the Board of Directors of the Company at its meeting held on 30 May 2024, inter alia, have recommended the final dividend of Rs 1.5 per equity Share (i.e. 150%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Sunteck Realty reported to Rs 101.34 crore in the quarter ended March 2024 as against net loss of Rs 27.94 crore during the previous quarter ended March 2023. Sales rose 773.52% to Rs 426.89 crore in the quarter ended March 2024 as against Rs 48.87 crore during the previous quarter ended March 2023.For the full year,net profit rose 4930.50% to Rs 70.93 crore in the year ended March 2024 as against Rs 1.41 crore during the previous year ended March 2023. Sales rose 55.84% to Rs 564.85 crore in the year ended March 2024 as against Rs 362.45 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales426.8948.87 774 564.85362.45 56 OPM %35.87-22.10 -20.7617.71 - PBDT143.06-31.64 LP 104.5113.71 662 PBT139.96-34.17 LP 94.974.48 2020 NP101.34-27.94 LP 70.931.41 4930 Powered by Capital Market - Live News

Sunteck Realty will hold a meeting of the Board of Directors of the Company on 30 May 2024Powered by Capital Market - Live News

Sunteck Realty announced that India Ratings has upgraded the company`s long term issuer rating from IND AA- to IND AA with stable outlook. The instrument-wise rating action is as under:Term loans - IND AA/ Stable (upgraded)Proposed term loans - IND AA/ Stable (upgraded)Short term (OD facility/ fund based working capital limits) - IND A1+ (affirmed) Proposed term loans (new) - IND AA/ Stable (assigned) Powered by Capital Market - Live News

Sunteck Realty is expanding its annuity income business of its commercial portfolio as it enters a long term understanding/ agreement of its second premium commercial building at BKC Junction, Sunteck Icon, to Bennett, Coleman & Co.  The built�]up area of Sunteck Icon is approximately 2 lakh square feet with an approximate rental of Rs. 300 per Sq. Ft. per month on carpet area basis. This will allow the company to generate a revenue of close to Rs 2,000 crore over the tenure of 29 years.   This encompasses a major milestone for the company as this is the second building on BKC Junction for Sunteck after leasing out BKC51 to Upgrad last year in March 2023 for 29 years. Powered by Capital Market - Live News