Sunteck Realty Limited has informed the Exchange regarding Outcome of Board Meeting held on May 02, 2025.
SUNTECK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sunteck Realty's board approved audited FY25 consolidated results showing revenue from operations rising about 51% year-on-year to Rs. 853 crore and profit after tax more than doubling to Rs. 150 crore versus Rs. 70 crore in FY24. Full-year EPS came in at Rs. 10.26 (vs Rs. 4.99), total assets grew to Rs. 8,327 crore, and Q4 FY25 alone contributed Rs. 206 crore of revenue with Rs. 50 crore profit. The board recommended a final dividend of Rs. 1.50 per share (150% on Re. 1 face value), subject to shareholder approval at the upcoming AGM. It also cleared an enabling resolution to raise up to Rs. 2,250 crore through a mix of non-convertible debt (Rs. 1,500 crore) and equity or convertible securities (Rs. 750 crore) via QIP, rights issue, preferential allotment, or other modes. Walker Chandiok & Co (Grant Thornton) was reappointed as statutory auditor for a second 5-year term, KPMG as internal auditor till March 2026, and the Audit Committee was reconstituted to be 100% independent after Mr. Kamal Khetan stepped down.
The sharp jump in profits and dividend announcement signal strong operational momentum and are likely to be received positively by the market. The large enabling fund-raising ceiling signals ambitious growth plans, but investors should note possible dilution risk if the equity component is eventually tapped.