Sunteck Realty Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 19, 2024 at 07:37 am EST
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Sunteck Realty Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 424.48 million compared to INR 893.26 million a year ago. Revenue was INR 609.86 million compared to INR 974.64 million a year ago. Net loss was INR 97.29 million compared to net income of INR 20.7 million a year ago. Basic loss per share from continuing operations was INR 0.69 compared to basic earnings per share from continuing operations of INR 0.15 a year ago. Diluted loss per share from continuing operations was INR 0.69 compared to diluted earnings per share from continuing operations of INR 0.15 a year ago.
For the nine months, sales was INR 1,379.57 million compared to INR 3,135.72 million a year ago. Revenue was INR 1,854.76 million compared to INR 3,339.71 million a year ago. Net loss was INR 304.07 million compared to net income of INR 293.47 million a year ago. Basic loss per share from continuing operations was INR 2.16 compared to basic earnings per share from continuing operations of INR 2.09 a year ago. Diluted loss per share from continuing operations was INR 2.16 compared to diluted earnings per share from continuing operations of INR 2.09 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.