Sunteck Realty Q4 Results: Net profit slumps 50% to ₹50.4 crore; 150% dividend, fundraising declared

Sunteck Realty on Friday reported 50 per cent decline in consolidated net profit at ₹50.38 crore for the latest March quarter. The company had posted a net profit of ₹101.33 crore in the year-ago period. Total income fell to ₹217.83 crore in January-March FY25 from ₹434.99 crore a year ago, according to a regulatory filing.

For the full year FY25, Sunteck reported its highest-ever annual pre-sales at ₹2,531 crore, a 32 per cent rise over the previous year. Annual revenue surged 51 per cent to ₹853 crore, while net profit more than doubled to ₹150 crore from ₹71 crore in FY24. EBITDA for the year grew 58 per cent to ₹186 crore.

Sunteck’s Board also recommended a final dividend of 150 per cent, or ₹1.50 per equity share of face value Re 1 each, for the financial year ended March 31, 2025. The dividend is subject to shareholder approval at the upcoming annual general meeting.

"As a yearly practice, once again approved the enabling resolution for raising of funds for an overall limit of upto Rs. 2,250 crore by various modes including QIP, FPO, ADR, GDR, rights issue, debt issue, preferential issue, FCCB etc. or any other method as given below:

a. Non-Convertible debt of upto Rs. 1,500 crore by way of private placement in one or more tranches;

b. Equity shares and/or any other securities convertible into equity shares of upto ₹750 crore in one or more tranches, subject to the approval of the shareholder," said Suntech Realty.

Sunteck Realty focuses on high-end and luxury residential projects in the Mumbai Metropolitan Region, with a development portfolio of 52.5 million square feet across 32 projects. During the full 2024-25 fiscal, net profit rose to ₹150.31 crore from ₹70.02 crore in the preceding year. Total income increased to ₹902.67 crore from ₹620.31 crore. Sunteck Realty is one of the leading real estate developers in the country.