Sunteck Realty’s net profit tanks 98% to Rs 0.95 cr for Q4FY20, full year net profit falls 58%

New Delhi: Sunteck Realty Ltd’s consolidated net profit tanked 98 percent to Rs 0.95 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 63 crore in the corresponding quarter of the previous fiscal. 

The consolidated revenue from operations fell 66 percent to Rs 91 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 269 crore in the corresponding quarter of the previous fiscal. 

Pre-sales or the fresh bookings of the company stood at Rs 608 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 289 crore in the corresponding quarter of the previous fiscal. The collections of the company stood at Rs 175 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 206 crore in the corresponding quarter of the previous fiscal. 

The total expenses of the company fell to Rs 95 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 190 crore in the corresponding quarter of the previous fiscal, company said in a regulatory filing.

Company consolidated net profit tanked 58 percent to Rs 101 crore for the whole of fiscal 2019-20 as compared to Rs 241 crore in the previous fiscal. It consolidated revenues from operations declined 29 percent to Rs 607 crore  for the whole of fiscal 2019-20 as compared to Rs 856 crore in the previous fiscal. The total expenses of the company fell to Rs 493 crore for the whole of fiscal 2019-20 as compared to Rs 521 crore in the previous fiscal.

Pre-sales or the new bookings of the company stood at Rs 1,220 crore for the whole of 2019-20 fiscal as compared to Rs 1,202 crore in the previous fiscal. The collections of the company stood at Rs 715 crore for the whole of 2019-20 fiscal as compared to Rs 660 crore in the previous fiscal.

The company has been removed from Group A of BSE with effect from 15 July 2020.

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