Sunteck Realty today reported a 42 per cent decline in consolidated net profit at Rs 35.2 crore for the quarter ended June. Its net profit stood at Rs 60.3 crore in the year-ago period, the company said in a regulatory filing. Revenue from operations fell to Rs 133.4 crore in the second quarter of this fiscal, from Rs 524.5 crore in the corresponding period of the previous year. He said the company has applied for RERA registration for all ongoing projects, and obtained the registration number for two projects. Mumbai-based Sunteck Realty focuses on a city-centric development portfolio of about 23 million sq ft spread across 25 projects.

Source: dna August 10, 2017 10:52 UTC