17 Jan 2021 | 10:19 PM

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Sunteck Realty Q2 net profit down 36.30% at Rs 29.90 cr
  Sunteck Realty Ltd. | 17 Jan 2020 | 10:51 AM
Published on 11-14-2019
The company reported standalone net profit of Rs 29.90 crore for the quarter ended September 30 2019 as compared to Rs 46.94 crore in the same period last year registering a year-on-year decline of 36.30 per cent.


Net revenue of the company rose substantially by 22.90 per cent at Rs 63.55 crore in July-September quarter of this fiscal as against Rs 51.71 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 87.88 per cent to Rs 35.81 crore from Rs 19.06 crore in year ago period.


Other Income dipped by 63.02 per cent at Rs 9.06 crore versus (Sep`18 Rs 24.50 crore).


Operating Profit slipped by 15.07 per cent to Rs 27.73 crore as against Rs 32.65 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 30.88 per cent in September quarter.


Interest declined by 11.62 per cent y-o-y to Rs 8.52 crore while Taxation decreased by 1118.18 per cent at Rs -2.24 crore (Sep`18 Rs 0.22 crore).