Sunteck Realty announced that India Ratings has upgraded the company`s long term issuer rating from IND AA- to IND AA with stable outlook. The instrument-wise rating action is as under:Term loans - IND AA/ Stable (upgraded)Proposed term loans - IND AA/ Stable (upgraded)Short term (OD facility/ fund based working capital limits) - IND A1+ (affirmed) Proposed term loans (new) - IND AA/ Stable (assigned) Powered by Capital Market - Live News

Sunteck Realty is expanding its annuity income business of its commercial portfolio as it enters a long term understanding/ agreement of its second premium commercial building at BKC Junction, Sunteck Icon, to Bennett, Coleman & Co.  The built�]up area of Sunteck Icon is approximately 2 lakh square feet with an approximate rental of Rs. 300 per Sq. Ft. per month on carpet area basis. This will allow the company to generate a revenue of close to Rs 2,000 crore over the tenure of 29 years.   This encompasses a major milestone for the company as this is the second building on BKC Junction for Sunteck after leasing out BKC51 to Upgrad last year in March 2023 for 29 years. Powered by Capital Market - Live News

Net loss of Sunteck Realty reported to Rs 9.73 crore in the quarter ended December 2023 as against net profit of Rs 2.07 crore during the previous quarter ended December 2022. Sales declined 52.48% to Rs 42.45 crore in the quarter ended December 2023 as against Rs 89.33 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales42.4589.33 -52 OPM %-34.9120.19 - PBDT-12.828.45 PL PBT-15.246.23 PL NP-9.732.07 PL Powered by Capital Market - Live News

Sunteck Realty will hold a meeting of the Board of Directors of the Company on 19 January 2024.Powered by Capital Market - Live News

Net loss of Sunteck Realty reported to Rs 13.94 crore in the quarter ended September 2023 as against net profit of Rs 2.33 crore during the previous quarter ended September 2022. Sales declined 69.11% to Rs 24.94 crore in the quarter ended September 2023 as against Rs 80.75 crore during the previous quarter ended September 2022. ParticularsQuarter Ended�Sep. 2023Sep. 2022% Var. Sales24.9480.75 -69 OPM %-56.7012.41 - PBDT-18.073.63 PL PBT-20.301.30 PL NP-13.942.33 PL Powered by Capital Market - Live News