&w=3840&q=100)
Sunteck Realty Q4FY25 results: Net profit declines by 50% to ₹50.4 crore
Mumbai-based Sunteck Realty's net profit for the fourth quarter of the financial year 2025 (Q4 FY25) dipped by 50.3 per cent year on year (YoY) to ₹50.4 crore.
The company's revenue from operations during the quarter stood at ₹206 crore, down by 51.8 per cent YoY. Meanwhile, its total expenses during the quarter were ₹152.1 crore, down by 48.41 per cent YoY.
Earlier, the company recorded its highest-ever pre-sales of ₹870 crore in Q4 FY25, up 28.32 per cent YoY. During the same period, the company's collections stood at ₹310 crore as compared to ₹296 crore in Q4 FY24.
The company's net profit for FY25 jumped by 111.72 per cent YoY to ₹150.32 crore. Meanwhile, its revenue during the same period grew by 51.03 per cent YoY to ₹853.13 crore.
Sunteck's pre-sales in FY25 stood at ₹2,531 crore, up 32 per cent YoY, while its collections grew marginally by 2 per cent YoY to ₹1,255 crore.
Sequentially, the company's revenue grew by 27.2 per cent, while its net profit surged by 18.53 per cent.
As of 31 March 2025, Sunteck's net debt-to-equity ratio stands at zero, with a net cash surplus of about ₹125 crore.
Sunteck's total market capitalisation stands at around ₹5,749.7 crore. The company is based in Mumbai and primarily operates in the luxury residential and commercial retail segments. So far, it has developed an area of 52.5 million square feet through 32 projects.
Additionally, the board of directors at Sunteck Realty announced the final dividend on equity shares at the rate of 150 per cent, which is ₹1.5 per equity share. The firm's share, listed on the Bombay Stock Exchange (BSE), closed at ₹392.5 on Friday (2 May).
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India Gazette
35 minutes ago
- India Gazette
Pimpri Chinchwad makes history as Maharashtra's first civic body to list Green Municipal Bonds on BSE
Mumbai (Maharashtra) [India], June 11 (ANI): In a major milestone for municipal climate financing in India, Pimpri Chinchwad Municipal Corporation (PCMC) on Tuesday successfully listed its Rs 200 crore Green Municipal Bonds on the Bombay Stock Exchange (BSE), becoming the first civic body in Maharashtra to raise funds exclusively for sustainable mobility urban projects through this route. The bell-ringing ceremony held at the BSE in Mumbai witnessed an enthusiastic turnout, with Maharashtra Chief Minister Devendra Fadnavis terming PCMC's achievement as a proud moment for the state. Highlighting the growing importance of using market instruments for sustainability projects in urban governance, Chief Minister Fadnavis noted, 'As soon as the bond was issued, the base amount of Rs 100 crore was subscribed within the very first minute. This is not only a testament to the strength of PCMC's vision but also to the trust investors place in Maharashtra's governance. Prime Minister Narendra Modi has been consistently encouraging urban bodies to raise resources through municipal bonds, and PCMC has taken the lead in this direction. The listing process is complex and requires high levels of diligence--I congratulate every official, institution and partner involved in making this happen.' Deputy Chief Ministers Eknath Shinde and Ajit Pawar were also present at the ceremony, which marked the official listing of the bonds, which were oversubscribed 5.13 times and received bids worth Rs 513 crore. These funds will be utilised for the Harit Setu project in Nigdi Pradhikaran and for the sustainable mobility development project from Gawalimatha to Indrayani Nagar Chowk on Telco Road - both key components of the city's long-term environment and climate strategy through the encouragement of the 15-Minute City Concept through Harit Setu. The project will also be amongst the first proof of concept of last- and first-mile connectivity for Metro Transport and BRTS Bus Transport through active mobility. PCMC Commissioner Shekhar Singh expressed gratitude to the investing community, stating, 'This is more than just a financial accomplishment--it's a bold step toward building a greener, smarter, and more resilient Pimpri Chinchwad. The investor confidence shown today is a strong endorsement of our direction. We are committed to using these funds not just for infrastructure but to promote green and climate-aligned urban development.' On this occasion, Chief Minister Fadnavis also felicitated Commissioner Shekhar Singh with a special listing memento presented on behalf of the Bombay Stock Exchange. Also present were MLCs Uma Khapre and Amit Gorkhe and MLAs Mahesh Landge and Shankar Jagtap, who lauded the city's initiative. Jagtap remarked that such financial tools could also be explored for broader social infrastructure in the future. Chief Secretary Sujata Saunik praised the move as a benchmark in urban innovation, saying, 'The enthusiastic response from investors clearly reflects the credibility of public institutions like PCMC. As urbanisation accelerates, sustainable growth must remain our priority--and PCMC's move is a model worth replicating.' Chief Secretary Sujata Sounik and senior officials including Urban Development Additional Chief Secretary UD-1 Aseem Gupta, Principal Secretary UD-2 KH Govindaraj, MCGM Commissioner Bhushan Gagrani, NMMC Commissioner Kailash Shinde, KDMC Commissioner Abhinav Goyal, Bhiwandi Commissioner Anmol Sagar, Ulhasnagar Commissioner Manisha Awhale and Panvel Commissioner Mangesh Chitale were present at the event, along with PCMC Additional Commissioners Pradip Jambhale Patil and Trupti Sandbhor, Chief Accounts and Finance Officer Pravin Jain, Joint City Engineer Bapusaheb Gaikwad, Deputy Commissioner Anna Bodade, Executive Engineer Sunil Pawar, and Public Relations Officer Prafulla Puranik. The Bombay Stock Exchange was represented by its Managing Director Sundararaman Ramamurthy, who congratulated PCMC and outlined BSE's role in facilitating municipal bond transactions. Aditi Mittal, Managing Director of AK Capital Services Ltd., the transaction's merchant banker and advisor, also attended the ceremony. The Green Bonds, rated AA+ by both CRISIL and CARE, carry a competitive interest rate of 7.85 per cent. Repayments are secured through an escrow account backed by PCMC's Property Tax collections. The civic body's strong fiscal discipline and its alignment with national green goals enabled it to secure Rs 20 crore as an incentive from the Government of India for successfully executing this bond issue. With this landmark moment, PCMC has not only unlocked an innovative funding mechanism but also demonstrated how climate finance can be mainstreamed into local governance--setting an example for other cities across India to follow. (ANI)
Economic Times
2 hours ago
- Economic Times
Don't mix business with tourist visas, affirms tax tribunal ruling
Mumbai: The perils of travelling on a tourist visa for business purposes may not be confined to run-ins with foreign authorities. Sometimes it could even spell trouble with the local taxman. Indian businessmen who spend months abroad to look after overseas interests and carefully preserve their NRI status, may even find themselves in a spot if the tax authorities question their 'residency' status due to the type of visas approved by countries they travelled to. Recently, a tribunal has upheld the Income Tax (I-T) department's decision to tax the 'global income' of the bakery chain Hot Breads founder who, according to the tax office was a 'resident' for certain years, and not an NRI as claimed by the Chennai-based relaxation on the period of stay given to someone who was abroad for employment or business was denied to Mahadevan as he had travelled on tourist visas. His argument that the visits were purely in connection with his businesses in multiple countries was rejected by the Chennai bench of the I-T Appellate Authority, a quasi-judicial authority. (Join our ETNRI WhatsApp channel for all the latest updates) Mahadevan to Move Court When contacted, a family member speaking on behalf of Mahadevan, said, "We are currently reviewing the order of the Hon'ble ITAT in detail. While we are disappointed with the outcome, we believe we have a strong case on merits and are considering all available legal options. We remain committed to full compliance with all applicable laws and regulations and will continue to cooperate with the authorities as required."The residency status of an individual is determined by the rules on the number of days spent. If someone stays for 182 days or more in India, he is considered as a resident whose global income (along with local earnings) for that year may be taxed in India. Alternatively, if a person spends at least 60 days in a year and a total of 365 days in the previous four years, he too is treated as a tax the second rule extends a partial exemption to those travelling overseas for jobs or self-employment. For them, the minimum period of stay is 182 days instead of 60. This relief was not given to number of days are typically counted on the basis of the timing-stamp on passports. The tax office, however, obtained the information from the Foreigners Regional Registration Office (FRRO)-a practice that was upheld by the Tribunal. Based on the FRRO data, the I-T department claimed that Mahadevan had spent 182 days or more in the assessment years 2013-14, 2014-15, and if the duration of stay were less than 182 days, Mahadevan's overseas travels would not have been considered to treat him as a resident-thanks to his tourist visas and despite his argument that a person would not travel a country frequently for tourism. The tribunal held that every country restricts visas for specific purposes."The decision underscores the importance of holding the correct visa category, as an inappropriate visa can jeopardize an individual's residential status and complicate the taxation of the global income in India. Nevertheless, if it can be factually established that the individual left India for the purpose of conducting business and genuine business activities were indeed undertaken abroad (though under an inappropriate visa), then the benefit of extending the 60-day period to 182 days under Explanation 1(a) to Section 6(1) of the I-T Act should be granted. However, it is important to note that such a benefit is available only when the individual 'leaves' India for the purpose of employment or business and not 'visiting' abroad in connection with business," said Ashish Karundia, founder of the CA firm Ashish to Rajesh Shah, partner of Jayantilal Thakkar & Co, "A resident Indian becomes non-resident only if they go abroad for employment, including self-employment. Simply staying outside India for 182 days does not make anyone a non-resident. The type of visa is equally important. But this is ignored-either due to ignorance or for convenience." The ruing implied that an assessee cannot avoid tax on global earnings merely because he runs businesses abroad. Countering ITAT's decision to disregard the tax residency certificate issued by the UAE to Mahadevan, Harshal Bhuta, partner at the CA firm PR Bhuta & Co, said "An individual staying in the UAE for over 183 days in a calendar year qualifies as a resident of UAE under the India-UAE DTAA (tax treaty), irrespective of the purpose of stay. In cases of dual residency, the treaty's tie-breaker rules must apply and the treaty-based residency cannot be summarily disregarded."
India Today
2 hours ago
- India Today
3 agencies to work to curb road dust in Delhi-NCR, focus on paving, greening
In a significant step towards reducing dust pollution in the Delhi-NCR region, three key agencies will now work together under a structured framework for the redevelopment of urban Commission for Air Quality Management (CAQM) has signed a tripartite Memorandum of Understanding (MoU) with the CSIR-Central Road Research Institute (CSIR-CRRI) and the School of Planning and Architecture (SPA), New Delhi, to jointly implement a Standard Framework aimed at curbing road dust agreement outlines a comprehensive redevelopment strategy that prioritises paving and greening of footpaths and sidewalks to address the persistent issue of dust pollution. As part of this collaboration, a Project Monitoring Cell (PMC) will be set up at CAQM, with both CSIR-CRRI and SPA providing technical and institutional support. The PMC will coordinate and oversee the phased rollout of the framework across NCR states, ensuring adherence to the detailed redevelopment initial phase of implementation will focus on nine major urban and industrial centres in the NCR: Delhi, Faridabad, Gurugram, Sonipat, Ghaziabad, Noida, Greater Noida, Bhiwadi and Neemrana. The framework will benefit from CSIR-CRRI's expertise in road engineering, standardisation and asset management, combined with SPA's proficiency in sustainable urban planning and green redevelopment model includes specific features such as designing road cross-sections based on road type and Right of Way (ROW) width, incorporating greening measures within the ROW to suppress dust, and deploying a Web-GIS-based Road Asset Management System (RAMS) to ensure efficient maintenance. It also advocates the use of innovative technologies in road construction and upkeep to further control dust and SPA will guide the PMC in manpower planning and provide technical supervision throughout the redevelopment process. A dedicated dashboard is also being developed to enable real-time, data-driven monitoring and assessment of progress across project move comes shortly after CAQM enforced Stage I of the Graded Response Action Plan (GRAP-I) in Delhi-NCR and neighbouring regions, following a deterioration in air quality. The decision was made after a meeting of the GRAP subcommittee last Saturday, which reviewed air quality trends, weather forecasts and the Air Quality Index (AQI) of Delhi. The introduction of GRAP-I marks the beginning of stricter anti-pollution measures during the smog-prone latest redevelopment initiative is expected to complement GRAP actions by addressing one of the major contributors to Delhi-NCR's air pollution: dust from unpaved roads and poorly maintained urban surfaces.
