Shares of the Mumbai-based realty company, Sunteck Realty, zoomed up by almost 13 per cent to touch an intraday high of Rs 240.00 apiece on the National Stock Exchange after the company reported consolidated net profit of Rs 97.28 crores for the quarter ended 30th September 2016 as against Rs 60.12 crores for the quarter ended 30th June 2016.
Sunteck Realty share price opened at Rs 240.00 from a previous closing of Rs 208.55, marking a rise of 31.45 points.
About Sunteck Realty
Sunteck Realty is a Mumbai-based real estate development company, catering to the ultra-luxury as well as luxury residential segment. The company boasts of a city centric development portfolio of about 23 million square feet spread across 25 projects at various stages of development and 4 rented assets. Of the above mentioned portfolio, the company within a span of 4 years has completed 6 projects with a developed area of about 2 million square feet consisting of residential and commercial developments.
The Results for the September ’16 Quarter
Suntech Realty reported a consolidated net profit of Rs 97.28 crores for the quarter ended 30th September, 2016 (Q2 FY17), due to higher sales and other comprehensive income. The real estate developer had announced a profit of Rs 60.12 crores in the previous quarter.
Total income of Suntech Realty from operations was reported at Rs 206.07 crores with an EPS of 16.22 (After Extraordinary items as well as Before Extraordinary items).
| Standalone Income Statement (in Cr.) | 16-Sep Quarterly | 16-Jun Quarterly | 16-Mar Quarterly | 15-Dec Quarterly | 15-Sep Quarterly | 16-Mar Annual |
| Net Sales/Income from operations | 7 | 3.66 | 5.63 | 5.74 | 7.69 | 30.3 |
| Other Operating Income | 32.89 | 64.93 | 127.69 | 1.09 | 4.26 | 133.15 |
| Total Income From Operations | 39.88 | 68.59 | 133.32 | 6.82 | 11.95 | 163.45 |
| Total Expenditure | 9.55 | 6.48 | 5.1 | 3.27 | 4.27 | 19.57 |
| Operating Profit | 30.34 | 62.12 | 128.23 | 3.55 | 7.68 | 143.88 |
| PAT | 45.84 | 71.76 | 123.14 | 2.04 | 10.09 | 140.06 |
| EPS (Rs.) [After Extraordinary items] | 7.28 | 11.4 | 19.56 | 0.32 | 1.6 | 22.24 |
| EPS (Rs.) [Before Extraordinary items] | 7.28 | 11.4 | 19.56 | 0.32 | 1.6 | 22.24 |
Sunteck Realty share price performance
Sunteck Realty share price is trading at Rs 232.50, up by 11.48 per cent or 23.95 points at 11.40 AM on NSE. The intraday low so far is Rs 226.35. A total of 4,29,473 shares of the company have exchanged hands on the counter of NSE so far aggregating to a total value of Rs 1,004.19 lacs.
Sunteck Realty is considered as one of the top 500 shares recommended by Dynamic Level research team. Get the historical share price performance of Sunteck Realty at Sunteck Realty share price history.
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