Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
Mumbai-based Sunteck Realty posted a 50.28% decline in its Q4 FY25 consolidated net profit at INR 50.38 crore due to lower revenue and rising expenses. However, the developer reported a strong full-year performance, with FY25 net profit more than doubling to INR 150.32 crore and revenue rising 51% to INR 853.13 crore. Annual pre-sales hit a record INR 2,531 crore, up 32% year-on-year. The board has proposed a INR 1.50 per share dividend and approved a plan to raise INR 2,250 crore via debt and equity. The company continues to focus on luxury residential projects across the Mumbai Metropolitan Region to drive long-term growth.
Sunteck Realty, a prominent real estate developer based in Mumbai, announced a significant 50.28% year-on-year decrease in its consolidated net profit for the fourth quarter of fiscal year 2024-25, amounting to INR 50.38 crore. This decline is attributed to a drop in revenue and increased expenses during the quarter. Advertisement
Despite the quarterly setback, Sunteck Realty achieved robust annual growth. For the full fiscal year, the company's net profit more than doubled to INR 150.32 crore, up from INR 70.93 crore in the previous year. Total revenue also saw a substantial increase of 51.04%, reaching INR 853.13 crore.
In terms of operational performance, Sunteck Realty reported its highest-ever annual pre-sales of INR 2,531 crore, marking a 32% increase year-on-year. Collections for the year stood at INR 1,255 crore, reflecting a marginal rise from INR 1,236 crore in the preceding fiscal.
The company's board has recommended a final dividend of INR 1.50 per equity share for FY25, subject to shareholder approval. Additionally, the board approved an enabling resolution to raise up to INR 2,250 crore through various financial instruments, including non-convertible debt and equity shares.
Sunteck Realty's performance reflects the broader trends in the Indian real estate sector, where companies are navigating challenges in the short term while capitalizing on long-term growth opportunities. The company's focus on luxury residential projects in the Mumbai Metropolitan Region positions it to leverage the region's demand dynamics effectively.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
