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Business Economy

Sunteck Realty Q3 PAT rises by 239 percent

Mumbai, Feb 14(UNI) Realty Major, Sunteck Realty Limited reported a
rise of 239 percent in its PAT foe the quarter ended
December 31, 2017 at Rs 60.20 crore as compared with PAT of Rs 17.80
crore for the same quarter a year ago period.

Revenue for the quarter under review roseby 141 percent ti Rs 201.50
crore as comapred with revenue of Rs 83.70 crore for the quarter
ended December 31, 2016

Commenting on the Q3 FY2018 performance, Mr. Kamal Khetan, Chairman
and Managing Director, Sunteck Realty Ltd. said ''Sunteck has
delivered a robust financial performance during this third quarter
of FY2018. The improvement in market sentiments with a traction for
our BKC projects has led not only to strong growth but also notable
improvement in margins. This gives a glimpse of the cash flow
potential that our BKC inventory can release.
Our project in Oshiwara District Centre (ODC), Sunteck City
continues to see significant improvement in infrastructure and this
zone is poised to create huge value for its stakeholders, just like
BKC. We are gearing up to launch for sale of new inventory in the
coming quarters. In addition, we also commenced construction of two
projects-Sunteck Icon at BKC junction and Gilbert Hill at Andheri
(W).,he added.
More News
SAT asks NSE to give Rs 625 cr to SEBI within 2 weeks

SAT asks NSE to give Rs 625 cr to SEBI within 2 weeks

22 May 2019 | 7:21 PM

Mumbai, May 22 (UNI) The Securities Appellate Tribunal (SAT) on Wednesday asked the National Stock Exchange (NSE) to transfer Securities and Exchange Board of India (SEBI) Rs 625 crore within two weeks in connection with the NSE co-location case.

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Canara Bank launches Facebook and Instagram

22 May 2019 | 7:16 PM

Bengaluru, May 22 (UNI) Public lender Canara Bank, in order to serve and reach out to a larger clientele base, especially the youth, has marked its official presence on two of the most influential social media platforms in India--Facebook & Instagram today.

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Heritage Foods registers revenue growth of 13 07 pc in Q4FY18-19

22 May 2019 | 7:02 PM

Hyderabad, May 22 (UNI) Heritage Foods Limited, one of the leading private dairy players in India, has declared its financial results for the fourth quarter ended March 31, 2019.

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Fifth Smart Cities India Expo inaugurated

22 May 2019 | 6:40 PM

New Delhi, May 22 (UNI) The fifth Smart Cities India 2019 expo, including Transport India, Solar India, Buildings India and Water India expos, was inaugurated by Housing and Urban Affairs Secretary Durga Shanker Mishra on Wednesday.

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Bharti AXA Life Insurance wins FICCI Claims Excellence Award

22 May 2019 | 6:38 PM

Mumbai, May 22 (UNI) Bharti AXA Life Insurance, a joint venture between Bharti Enterprises and AXA, one of the world’s largest insurance companies, has been conferred with the ‘Claims Excellence Award’ by the Federation of Indian Chambers of Commerce and Industry (FICCI).

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