Sunteck Realty today reported nearly two-fold jump in its consolidated net profit to Rs 68.25 crore for the first quarter ended June 30.
Its net profit stood at Rs 34.96 crore in the year-ago period, the company said in a regulatory filing.
Total income also increased to Rs 224.96 crore in the April-June period of the current fiscal compared to Rs 135.45 crore in the corresponding quarter previous year.
Sunteck Realty also reported 42 per cent rise in its sales booking to Rs 181.6 crore for the first quarter of this fiscal.
Commenting on the results, the company's CMD Kamal Khetan said: "Sunteck has delivered a robust financial performance during the first quarter of FY2019. The improvement in market sentiments with increased traction for our BKC and ODC (Oshiwara District Centre), Goregaon West projects has led to strong growth in the operational performance as well".
Mumbai-based Sunteck Realty has delivered residential and commercial developments totalling Rs 5,900 crore so far.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app