Sunteck Realty on Wednesday reported a 91 percent decline in its consolidated net profit at Rs 3.06 crore for the quarter ended June on lower income. Its net profit stood at Rs 33.20 crore in the year-ago period.
Total income fell to Rs 68.90 crore in the first quarter of this fiscal from Rs 182.79 crore in the corresponding period of the previous year, the Mumbai-based developer said in a regulatory filing.
Sunteck Realty also announced its financial results for the 2019-20 fiscal.
Its consolidated net profit declined to Rs 100.28 crore last fiscal from Rs 227.54 crore in the previous year.Total income fell to Rs 631.55 crore in the 2019-20 financial year from Rs 891.11 crore in the previous year.