Sunteck Realty Posts 99% Profit Surge, Cash Drops 80%
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Sunteck Realty Ltd. posted a profit surge, but liquidity tightened sharply.
- Profit after tax surged to ₹6,584.12 lakhs (up ≈ 99% YoY), lifting basic & diluted EPS to ₹13.94.
- Revenue jumped 64.5% to ₹33,903.98 lakhs, driven by strong project completions and sales.
- Net borrowings doubled to ₹77,417 lakhs while cash & cash equivalents fell 80% to ₹1,684.17 lakhs, underscoring cash‑flow stress despite ₹2,624.98 lakhs raised via warrant conversion and equity issuance.
- Board recommended a final dividend of ₹2.25 per share (150% of face value) and received an unqualified audit opinion.
- Ongoing legal disputes total ≈ ₹3.13 bn and upcoming Labour Code changes pose additional risk to margins.
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