Sunteck Realty Limited has informed the Exchange that Board of Directors at its meeting held on May 02, 2025, recommended Final Dividend of 1.5 per equity share.
SUNTECK · price
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On the reaction day the stock moved 1.1 pts more than Nifty Microcap 250 and 1.6 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Sunteck Realty's Board, meeting on May 2, 2025, approved audited consolidated FY25 results showing revenue from operations of Rs. 853.13 crore (up ~51% from Rs. 564.85 crore last year) and net profit of Rs. 150.32 crore (up ~115% from Rs. 70.03 crore), with basic EPS at Rs. 10.26 vs Rs. 4.99. The Board recommended a final dividend of Rs. 1.50 per equity share (150% on face value of Re. 1), subject to shareholder approval. It also passed an enabling resolution to raise up to Rs. 2,250 crore in future via NCDs (Rs. 1,500 cr) and equity/convertibles (Rs. 750 cr) through QIP, rights, preferential, etc., and approved issuance of Rs. 31 crore listed NCDs to PDL Realty linked to Starlight Systems amalgamation. Auditors Grant Thornton gave an unqualified opinion, and the Audit Committee was reconstituted to be 100% independent.
Strong financial performance with revenue and profits roughly doubling YoY and a steady Rs. 1.50 dividend is positive for shareholders, though the dividend yield is modest. The Rs. 2,250 crore enabling fund-raising resolution is not an immediate dilution but signals future capital raising plans, which could weigh on the stock depending on mode and pricing.