Realty Major, Sunteck Realty Limited reported arise of 239 percent in its PAT foe the quarter ended December 31, 2017 at Rs 60.20 crore as compared with PAT of Rs 17.80crore for the same quarter a year ago period.
Revenue for the quarter under review roseby 141 percent ti Rs 201.50crore as comapred with revenue of Rs 83.70 crore for the quarterended December 31, 2016 Commenting on the Q3 FY2018 performance, Mr. Kamal Khetan, Chairmanand Managing Director, Sunteck Realty Ltd. said ''Sunteck hasdelivered a robust financial performance during this third quarterof FY2018. The improvement in market sentiments with a traction forour BKC projects has led not only to strong growth but also notableimprovement in margins. This gives a glimpse of the cash flowpotential that our BKC inventory can release.
Our project in Oshiwara District Centre (ODC), Sunteck Citycontinues to see significant improvement in infrastructure and thiszone is poised to create huge value for its stakeholders, just likeBKC. We are gearing up to launch for sale of new inventory in thecoming quarters. In addition, we also commenced construction of twoprojects-Sunteck Icon at BKC junction and Gilbert Hill at Andheri(W).,he added.
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