New Delhi: Mumbai-based Sunteck Realty Ltd’s new sales bookings for the first half of the current fiscal dropped 52 percent to Rs 287.4 crore as compared to Rs 602.7 crore the same period of April-September of 2019.
The collections in the first half of current fiscal, however, jumped 24 percent at Rs 374.6 crore as against Rs 301.5 crore in the same period of previous fiscal.
The consolidated revenue from operations in the first half of 2019-20 fiscal declined 21 percent at Rs 309.3 crore as compared to Rs 391.4 crore in the same period of previous year. The consolidated net profit of the company reduced to almost half at Rs 66.5 crore in the first half of the ongoing financial year as compared to Rs 128.7 crore in the corresponding period of last fiscal.
The company has lined a number of launches in Oshiwara District Centre and Naigaon in Mumbai in the third and fourth quarters of the current fiscal, according to its investor presentation.
Company’s consolidated net profit in the second quarter of the current fiscal stood at Rs 30.23 crore and the consolidated total income stood at Rs 141 crore.