Sunteck Realty clocks net profit of Rs 3 cr in Q1FY22
New Delhi: Sunteck Realty has clocked consolidated net profit of Rs 3.02 crore in the first quarter of the ongoing fiscal as compared to a net loss of Rs 3.08 crore in the corresponding quarter previous fiscal.
Its consolidated net income jumped 52 percent at Rs 96.11 crore in the first quarter of current as compared to Rs 63.20 crore in the same quarter last fiscal, the company said in a regulatory filing.
"We are witnessing strong consolidation across the industry and we will be one of the biggest beneficiaries of this trend. The industry consolidation has already resulted in 3 new project acquisitions for us at Vasai, Vasind and Borivali in MMR", said Kamal Khetan, CMD, Sunteck Realty.