Sunteck Realty Bounces Back with Q2 Profit

Sunteck Realty Ltd reported a significant turnaround with a consolidated net profit of Rs 34.62 crore in Q2. This follows a net loss of Rs 13.94 crore in the previous year. The company's total income surged to Rs 182.05 crore, compared to Rs 36.22 crore in the same period last year.

Sunteck Realty Ltd has announced a consolidated net profit of Rs 34.62 crore for the second quarter, signaling a substantial financial recovery fueled by increased income.

This marks a notable shift from the net loss of Rs 13.94 crore recorded in the year-ago period.

The developer's total income soared to Rs 182.05 crore during the July-September quarter of this fiscal year, a stark contrast to the Rs 36.22 crore reported in the corresponding period of the previous year, as per their regulatory filing on Tuesday.

(With inputs from agencies.)