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Sunteck Realty Ltd Interim / Quarterly Report 2019

Nov 13, 2018

62284_rns_2018-11-13_6c2552cd-a736-42a4-9a2b-0d9591e4f190.pdf

Interim / Quarterly Report

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Date: 13·hNovember, 2018

The Secretary, Listing Department,

Department of Corporate Services BSE Limited Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai - 400 00 I Scrip Code: 512179

The Manager, Listing Department

National Stock Exchange of India Ltd Exchange Plaza, Plot no. CII, G Block, Bandra-Kurla Complex Bandra (East), Mumbai- 400 051 Scrip Code: SUNTECK

Sub: Outcome of Board Meeting

Sir,

This is to inform you that the Board of Directors at their meeting held today i.e. November 13,2018 transacted the following business:

  1. Approved Unaudited Standalone and Consolidated financ ial results for the quarter and half year ended September 30, 2018.

Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 20 15, we enclose herewith the following:

  • Copy of unaudited financial results (standalone and consolidated) for the quarter and half year ended September 30, 201 8.
  • Limited Review Report for the quarter and half year ended September 30, 201 8.

The meeting of the Board of Directors commenced at 2.3 0 pm and concluded at 3.35 pm.

This is for your information and records.

Sunteck Realty Limited announces 2QFY2019 and 1HFY2019 results

  • ↑ Pre-sales grows by 103% yoy during 1HFY2019
  • ↑ PAT grows by 21% yoy during 1HFY2019
  • ↑ Operating Margins stands at 48% in 1HFY2019 vs. 35% in 1HFY2018

Mumbai, November 13, 2018: Sunteck Realty Limited, Mumbai's premium real estate developer, announced its financial results today for the quarter ended September 30, 2018.

Operational Highlights:

Operational Data - Rs million 1H FY2019 1H FY2018 % change yoy
Pre-sales (new bookings) 6,027 2,976 103%
Collections 3,015 2,760 9%
P&L (consolidated) - Rs million 1HFY2019 1HFY2018 % change yoy FY2018
Revenue from Operations 3,914 4,801 -18% 8,883
EBITDA 1,896 1,700 12% 3,720
Operating Margin 48.44% 35.41% - 41.88%
Profit after tax 1,177 973 21% 2135
Net Profit Margin 30.07% 20.27% - 24.04%

Financial Highlights:

*The decrease in revenue from operations is a result of first time revenue recognition of the project Sunteck City in 1H FY2018.

Commenting on the 1HFY2019 performance, Mr. Kamal Khetan, Chairman and Managing Director, Sunteck Realty Ltd. said: "Sunteck continues to deliver strong growth and robust financial performance in 1HFY2019. Our pre-sales have more than doubled as compared to the first half of the last financial year, backed by a fabulous response to our aspirational luxury project, Sunteck Westworld in Naigaon (MMR). The Company's new foray into the aspirational and high volume segment will further propel our growth.

Sunteck's long term credit rating of AA- assigned by CARE Ratings has also been reaffirmed by India Ratings (FITCH) after an upgrade from A+ to AA- by FITCH. Given the current market conditions, this upgrade is a strong reflection of our strong balance sheet and prudent financial management.

As the Indian real estate market continues to mature and consolidate, we are focused to utilise our proven strengths and scale up our business in a sustainable manner."

About Sunteck Realty

Sunteck Realty Limited (SRL) is one of the fastest growing Mumbai-based luxury real estate development company. SRL focuses on a city centric development portfolio of about 30 million square feet spread across 25 projects. Sunteck Realty has differentiated its projects under four brands:

    1. 'Signature': Uber luxury residences
    1. 'Signia': Ultra luxury residences
    1. 'Sunteck City': Premium luxury residences
    1. 'Sunteck World': Aspirational luxury residences
    1. 'Sunteck': Commercial & Retail developments

The Company has been a trendsetter in creating iconic destinations - The flagship project Signature Island at Bandra Kurla Complex (BKC) is home to some of the head honchos of leading global conglomerates. Sunteck City in Oshiwara District Centre (ODC), Goregaon is a well-planned 23 acres mixed-use development and Sunteck Westworld at Naigaon is the largest township of MMR's Western Suburbs spread across 150 acres.

Disclaimer

Certain statements in this document may be forward-looking statements. Such forwardlooking statements are subject to certain risks and uncertainties like regulatory changes, local political or economic developments, technological risks, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward looking statements. Sunteck Realty Limited will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

For further details, please contact:

Investor Relations Corporate Communications
Mohit Arora : +91 22 4287 7869 Mukti Saxena : +91 22 4287 7856
Sunteck Realty Limited Sunteck Realty Limited
Email: [email protected] Email:[email protected]
Adfactors PR
Parikshit Joshi
Tel: +91 22 6757 4444
Email: [email protected]

6, Karim Chambers, 40, A. Doshi Marg, (Hamam Street), Mumbai 400 001 INDIA Telephone :

0091-22-2269 1414 / 2269 1515 0091-22-4002 1140 / 4002 1414

Fax

0091-22-2265 0126 $\left\langle \frac{\partial \mathbf{e}}{\partial x}\right\rangle$

E-mail $(3)$ LIMITED REVIEW REPORT

[email protected]

To the Board of Directors SUNTECK REALTY LIMITED

    1. We have reviewed the accompanying statement of unaudited standalone financial results of SUNTECK REALTY LIMITED ('the Company') for the quarter and half year ended September 30, 2018, being submitted by the Company's Management pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This statement is the responsibility of the Company's Management and has been approved by the Board of Directors. Our responsibility is to issue a report on these standalone financial results based on our review.
    1. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410. "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

$3.$ Emphasis of Matter:

Without qualifying our conclusion, we draw your attention to following matters:

  • a) The Company has overdue trade receivable amounting to Rs.1203.50 lakhs from a customer against sale of a commercial unit. The management has taken necessary steps for recovery of this receivable, including filing of legal case and are hopeful of recovering the same in due course of time. In their opinion, therefore, no provision is considered hecessary at this stage.
  • b) The Company is a partner in a partnership firm, Kanaka & Associates, in which the Company has total exposure comprising of capital invested, loans given and other receivables aggregating to Rs.1,036.04 lakhs. Since, there is some dispute with the other partner, the financial statements of the firm are not available and therefore, the Company has not accounted for its share of profit or loss from the said firm for the aforesaid quarter and half year, which as explained by the management, would be immaterial. The management is hopeful of recovering/ realising the aforesaid exposure in due course of time, as the Company has received the favourable arbitration award and hence, in their opinion, no provision is considered necessary at this stage

Hyderabad

Jaiour

LODHA & CO

  1. Based on our review, conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited standalone financial results, prepared in accordance with applicable Indian Accounting Standards (IND AS) and other recognised accounting practices and policies, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Circulars issued from time to time, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Lodha and Co. Chartered Accountants Firm Registration No. 301051E

AYR. P. Baradiya Partner Membership No: 44101

$\frac{d\mathbf{x}}{d\mathbf{x}}$

Place: Mumbai Date: November 13, 2018

  1. Karim Chambers, 40, A. Doshi Marg, (Hamam Street), Mumbai 400 001 INDIA Telephone : 0091-22-2269 1414 / 2269 1515

Fax E-mail 0091-22-4002 1140 / 4002 1414 0091-22-2265 0126 [email protected]

LIMITED REVIEW REPORT

To the Board of Directors SUNTECK REALTY LIMITED

    1. We have reviewed the accompanying statement of unaudited consolidated financial results of SUNTECK REALTY LIMITED ("the Parent Company"), its subsidiaries and joint ventures, collectively referred to as "the Group", for the quarter and half year ended September 30, 2018, being submitted by the Parent Company's Management pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Regulrements) Regulations. 2015. This statement is the responsibility of the Parent Company's management and has been approved by the Board of Directors of the Parent Company. Our responsibility is to issue a report on these consolidated financial results based on our review.
    1. We conducted our review in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of Parent Company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

3. Emphasis of Matter

Without qualifying our conclusion, we draw your attention to following matters:

  • a) The Group has overdue trade receivable amounting to Rs.1203.50 lakhs from a customer against sale of a commercial unit. The management has taken necessary steps for recovery of this receivable, including filing of legal case and is hopeful of recovering the same in due course of time. In their opinion, therefore, no provision is considered necessary at this stage.
  • b) The Parent Company is a partner in a partnership firm, Kanaka & Associates, a joint venture, in which the Group has total exposure comprising of capital invested, loans given and other receivables aggregating to Rs.1,036.04 lakhs. Since, there is some dispute with the other partner, the financial statements of the firm are not available and therefore, the same has not been consolidated for the aforesaid quarter and half year ended, which as explained by the management, would be immaterial. The management is hopeful of recovering/ realising the aforesaid exposure in due course of time, as the Parent Company has received the favourable arbitration award, and hence, in their opinion no provision is considered necessary at this stage.

Hyderabad Jaipur

4. Other Matters:

We have not reviewed the unaudited financial statements of

  • a) (i) twenty subsidiaries included in the unaudited consolidated financial results, whose financial statements reflect total assets of Rs. 352.652.58 lakhs as at September 30. 2018 and the total revenue of Rs. 19,849.31 lakhs and Rs. 40,736.08 lakhs for the quarter and half year ended September 30, 2018, respectively.
    • (ii) two joint ventures, included in the unaudited consolidated financial results, whose financial statements reflect net profit of Nil and Nil for the quarter and half year ended September 30, 2018, respectively.

The financial statements of the said subsidiaries and joint ventures have been reviewed by other auditors whose review reports have been furnished to us, and our conclusion is based solely on the reports of such other auditors.

b) a foreign joint venture company included in the consolidated financial results, whose financial statements reflect net loss of Rs. 24.32 lakhs and Rs. 47.16 lakhs for the quarter and half year ended September 30, 2018, respectively, out of which the Group's share of loss is Rs. 12.16 lakhs and Rs. 23.58 lakhs, respectively. These financial statements have been certified by the Company's management and furnished to us, and our conclusion, in so far as it relates to the amount included in respect of the said joint venture company is solely based on these management certified financial statements provided to us.

Our conclusion is not modified in respect of the above matters.

  1. The statement includes the financial results of following entities:

Companies reviewed by us:

  • $\left| \right|$ Sunteck Realty Limited (Parent Company)
  • $2)$ Piramal Sunteck Realty Private Limited (Joint venture)

Subsidiaries reviewed by other auditors:

  • $1)$ Amenity Software Private Limited
  • $2)$ Magenta Computer Software Private Limited
  • $3)$ Satguru Infocorp Services Private Limited
  • $4)$ Skystar Buildcon Private Limited
    1. Sunteck Property Holdings Private Limited
  • $6)$ Sunteck Realty Holdings Private Limited
  • $7)$ Starlight Systems Private Limited
    1. Sahrish Constructions Private Limited
  • $9)$ Sunteck Fashions & Lifestyles Private Limited
  • $10)$ Starteck Lifestyle Private Limited
  • Advaith Infraprojects Private Limited $11)$
  • Satguru Corporate Services Private Limited $12)$
  • Sunteck Real Estates Private Limited $13)$

CONTINUATION SHEET

LODHA & CO

  • $14)$ Sunteck Infraprojects Private Limited
    1. Starlight Systems (I) LLP
  • $16)$ Mithra Buildcon LLP
    1. Clarissa Facility Management LLP
    1. Sunteck Lifestyle Limited (UAE)
  • $19)$ Sunteck Lifestyle International Private Limited (Mauritius)
  • $20)$ Sunteck Lifestyle Management JLT (UAE)

Joint ventures reviewed by other auditors:

  • $1)$ Nariman Infrastructure LLP
  • $2)$ Uniworth Realty LLP

Joint venture not reviewed:

  • $1)$ GGICO Sunteck Limited (UAE)
    1. Based on our review, conducted as above and upon consideration of the review reports of other auditors referred in paragraph 4(a) above and except for the possible effect of the matter described in paragraph 4(b) above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited consolidated financial results, prepared in accordance with applicable Indian Accounting Standards (IND AS) and other recognised accounting practices and policies, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Circulars issued from time to time including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Lodha and Co. Chartered Accountants Firm Registration No. 301051E

Repor

R. P. Baradiya Partner Membership No: 44101

Place: Mumbai Date: November 13, 2018

SUNTECK REALTY LIMITED

Regd. Ollice: 5th Floor. Sunteck Centre, 37- 40 So" ' Ish Road, Vile Parle (East). Mumbai 400057 CIN:L3210' ml9SIPLC025346 website:[email protected]

Unaudited Financi • Results for the quarter and half year ended 30th Septeml . r, 20lS

!-Particulars (i. In Lakhs)
Sr.No. CONSOLIDATEDQuarter EndedHalf Year Ended STANDALONEHalrYea r Ended
Year Ended Quarter Ended Year Ended
30-Sep-201S 30-Jun-201S 30-Sep-2017 30-Sep-201S 30-Sep-2017 31-Mar-20IS 30-Sep-201S 30-Jun-201S 30-Sep-2017 30-Sep-201S 30-Sep-2017 31-Mar-20IS
Unaudited Unaudited Unaudited Unaudited Unaudited Audited Unaudited -Unaudited Unaudited Unaudited Unaudited Audited
I Income
I- Revenue from Operations 18031.24 21 107.75 34673.39 39138.99 48010.83 88.828.63 5170.97 6.932.81 458.78 12103.78 6077.80 17572.67
Other Income 1 723.92 1388.85 433.94 3.1 12.77 641.55 925.13 2.450.35 1.447.77 2024.73 3898.12 3046.49 2262.03
Tot ' Income 19.755.16 22.496.60 35.107.33 42.251.76 48.652.38 89.753.76 " ,621.32 8,380.58 2.483.51 16.01:1.90 9.124.29 19.834.70
2 Expenses
Operating Costs 8548.24 8345.69 24.508.57 16.893.93 30,220.19 48984.52 618.35 614.43 461.20 1232.78 1950.09 3.634.39
Employee benefits expense 403.26 294.79 190.08 698.05 423.06 976.63 224.26 242.1 I 143.70 466.37 298.50 763.70
Finance costs 1.035.24 1030.52 1.220.3 I 2.065.75 2,248.32 4205.62 963.54 900.90 399.07 I 864.43 755.77 1.430.80
Depreciation and amortisation expense 49.15 36.59 34.44 85.74 70.89 168.49 35.70 23.1 I 15.75 58.81 33.44 92.16
Other expenses 1 278.59 1311.26 49.30 2.589.85 368.54 1666.77 1.063.63 244.17 54.04 1307.80 292.62 915.93
Total Expenses 11,314.48 11.018.85 26.002.70 22,333.32 33,331.00 56002.03 2.905.48 2.024.72 1.073.76 4930.19 3,330.42 6.836.98
3 Profit for the period before tax and share of profit I 8,440.68 11,477.75 9,104.63 19,918.44 15,321.38 33,751.73 4,715.84 6,355.86 1,409.75 11,071.71 5,793.87 12,997.72
loss) of Associates I Joint Ventures (1-2)4 Share of profit I (loss) of Associates I Joint Ventures
74.07 (107.03) (424.18) (3295) (442.99) (568.16) - - - - - -
5 Profit for the period before tax (3+4) 8.514.75 11,370.72 8.680.45 19.885.49 14.878.39 33.183.57 4.71 5.84 6,355.86 1.409.75 11.071.71 5.793.87 12.997.72
6 Tax expense:
(I} Current tax 3.049.60 3979.88 1799.21 7.029.47 4.107.69 10025.07 20.92 140.76 - 161.68 - 232.54
(2} Deferred tax (1.33 (12.25) 455.69 (13.58) 379.49 759.86 0.81 10.92 86.70 11.73 292.41 405.96
7 Profit fo r the period (5-6) 5.466.48 7,403.09 6.425.55 12.869.60 10,391.21 22,398.64 4.694.11 6.204.18 1,323.05 10898.30 5.501.46 12,359.22
8 Other Comprehensive Income
(i) Items that will not be reclassified to profit or loss
(a} Remeasurements of defined benefit plans (41.41) 0.95 2.08 (40.46 2.60 16.58 (14.27) I. 12 1.38 (13.15) 2.74 14.02
(b) Equity Insuuments through Other Comprehensive (0.52) (1.47) 0.42 (1.99) 0.97 6.26 (0.06) (0.04) 0.02 (0.1 I) 0.00 4.1 5
I-- Income
~ f9 Inco~ tax relating to above items 14.25 (0.14) (0.70) 14.10 (0.87) (5.24) 4.1 5 (0.33 (0.48) 3.83 (0.95) (3.90
Items that will be reclassified to profit or loss
(a) Exchange Gain! (Loss) in translating the financial 811.45 (930.09) (242.29) (118.64) (221.84) (83.47) - - - - - -
statements offoreign operations ~
Total Other Comprehensive Income 783.77 (930.75) (240.49) (146.99) (219.14) (65.87) ([0.18) 0.75 0.92 (9.43) 1.79
- 9 Total Comprehensive Income for the period (7+8) 6.250.25 6.472.34 6.185.06 12.722.61 10.172.07 22,332.77 4.683.93 6.204.93 1,323.97 10.888.87 5.503.25 12,31M2.
-- _.
10 Profit for the period attributable to:
Equity holders of the parent 5.089.99 6825.00 6.452.52 11.915.02 9950.34 21.417.84 4.694.11 6.204.18 1,323.05 10.898.30 5.501.46 12,359.22
Non - Controlling Interest 376.49 578.09 (26.97) 954.58 440.87 980.80 - - - - - -
11 Total Comprehensive Income for the period
attributable to :
IEquity holders of the p';:ent 5.875.41 5.894.14 6.212.05 11.769.58 9.730.95 21,351.67 4.683.93 6.204.93 1,323.97 10888.87 5.503.25 12,31M2.
Non - Controlling Interest 374.84 578.20 (26.99) 953.03 441.12 981.10 - - - - - -
12 Paid-up equity share capital (Face value Re.l) 1.403.15 1403.15- I 199.85 1.403.15 1.199.85 1403.1 5 1.463.15 1.463.15 1.259.85 1463.15 1.259.85 1.463.15
13 Other Equity 261631.70 158.800.47
14 Earning per share (EPS) (Face value of Re. I each) -
Refer note 2 below
-- ~ Basic EPS (not annualised} 3.63 4.86 ?~ 8.49 8.29 16.74 3.21 4.24 1.05 7.45 4.37 9.23
b) Diluted EPS (not annualised) 3.62 4.86 5.37 8.48 8.29 16.72 3.21 4.24 1.05 7.44 4.36 9.22

- STANDALONE :
As at andHalfY • Ended
Additional Disclo .•. ue as r Rulation S2(4} ofSEBJ {Listin2 Obli2;ations &.!d disclosure ru rements} Rulations: 2015: Year Ended i
30-Sep-2018 30-Sep-2017 31-Mar-2018
Net Worth (in lakhs)# 169,047.47 89,064.78 160,263.62
b. Debt Equity Ratio (DER) (Times) 0.22 0.46 0.17
c. Debt Service Coverage Ratio (DSCR) (Times)- 7.26 8.67 7.98
d. Interest Service Coverage Ratio (ISCR) (Times)-- 7.26 8.67 13.40
e. Asset Cover (based on market value of assets) available for I I. 75% Secured Redeemable Non Convertible Debentures (Times) 1.90 4.11 1.90
f. Debenture Redemption Reserve (in lakhs) 750.00 875.00 750.00
g. The Company's long term debt instruments were assigned a rating of 'IND AA-' by India Ratings & Research Private Limited and 'CARE AA-' by Credit Analysis & Research Limited, indicating stable outlook.
h. The previous due dr' . for the payment of interest and redemption ofNCD was 13'" January, 2018 and the same was paid.
i. The next due date for the payment of interest: 13th January, 2019. The next due date for redemption ofNCD Series C: 13th January, 2019. .' .
j. The secured listed Non-Convertible Debentures of the Company aggregating to Rs. 3,000 lakhs as on 30th September, 2018 are secured by way of charge on the immovable assets and rent receivables of the company.
#Net Worth - Paid up capital + All reserves created out of profits and securities premium account
-DSCR = Net Profit before interest & tax/lnterest on loans plus long term debt paid during the year/period
--ISCR = Net Profit before interest & taxllnterest
Notes
I The above unaudited results (Standalone and Consolidated) for the quarter and half year ended 30th September, 2018 have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 13th September, 2018. The said unaudited financial results for thequarter and half year ended 30th September, 2018 have been subjected to Limited Review by the Statutory Auditors.
2 While calculating the Earnings per share for Consolidated Results, 6,000,000 Equity Shares have been excluded as they are held by wholly owned subsidiary companies.
3 In standalone results, other expenses includes advertisement expenses ofRs. 389.30 lakhs for the quarter ended 30th September, 2018, Rs. 8.00 lakhs for the quarter ended 30th June, 2018, Rs. 0.02 lakhs for the quarter ended 30th September, 2017, Rs. 397.30 lakhs for the half year ended 30thSeptember, 2018, Rs. 4.1 3 lakhs for the half year ended 30th September, 201 7 and Rs. 15.90 lakhs for the year ended 31st March, 2018.
4 The Company is engaged in only one segment viz. "Real EstatelReal Estate Development and Related Activities" and as such, there are no separate reportable segment as per Ind AS -108 "Operating Segments".
5 Figures pertaining to previous quarter/ period have been regrouped/reclassified wherever found necessary to conform to current period's classification.
--~ RE-1;\u.\ r::::7J '"--1.':;'/I.,"-~,l"/' For and on behalf of Board of Directors of ~~
".Date: 13th November. 2018,. Kamal Khetan (DIN:OOOI7527)
Place: Mumbai Chairman & Managing Director

SUNTECK REALTY LIMITED

Regd. Office: 5th Floor, Sunteck Centre, 37- 40 Subhash Road, Vile Parle (East), Mumbai 400057 CIN:L32100MH1981PLC025346

website:www.sunteckindia.com, Email :[email protected]

Statement of Assets and Liabilities as at 30th September, 2018

No.As atAs atAs atAs at31st March, 201831st March, 201830th September, 201830th September, 2018AuditedUnauditedAuditedUnauditedASSETSA.1 Non-Current Assets1,048.94(a) Property, Plant and Equipment1,567.711,271.911,332.382,088.172,103.192,562.142,580.91(b) Investment Property$(c)$ Goodwill3,184.013,184.01$\sim$×.(d) Other Intangible Assets11.110.301.3611.1521,646.37(e) Investments Accounted for using the Equity Method23,419.50$\overline{\phantom{a}}$$\overline{\phantom{a}}$(f) Financial Assets(i) Investments- Investments in Subsidiaries and Joint ventures52,107.7751,997.01$\blacksquare$$\blacksquare$- Other Investments89.7281.7581.8687.7324.9146.09(ii) Loansä,ä,175.37174.36(iii) Other Financial Assets416.52512.15522.30259.37826.58667.32(g) Current Tax Assets (Net)(h) Deferred Tax Assets (Net)1,673.061,637.46(i) Other Non-Current Assets2.3334.312.3334.31$\overline{2}$Current Assets(a) Inventories264,637.24264,274.5722,790.7621,837.41(b) Financial Assets(i) Investments- Investments in Subsidiaries and Joint venutures80,778.4361,998.19292.96292.96292.96292.96- Other Investments5,515.3632,227.4629,063.025,191.21(ii) Trade Receivables2,596.741,444.834,908.22(iii) Cash and Cash Equivalents5,845.016,080.6932.111,514.033,397.26(iv) Bank Balances other than (iii) above42,815.7940,008.0319,480.3416,258.84$(v)$ Loans4,348.743,162.48(vi) Other Financial Assets6,588.614,388.407,488.186,014.86(c) Other Current Assets9,667.688,876.39197,534.64Total Assets375,887.29365,633.34222,815.22EQUITY AND LIABILITIESBEquity(a) Equity Share Capital1,403.151,463.151,463.151,403.15270,933.37261,631.70167,584.32158,800.47(b) Other Equity(c) Non - Controlling Interest8,698.517,745.48$\dot{\phantom{1}}$$\blacksquare$2 LIABILITIESNon-Current Liabilities(a) Financial Liabilities(i) Borrowings18,452.675,133.2018,452.675,133.20(ii) Other Financial Liabilities103.50139.43103.50(b) Provisions77.9928.6049.83120.8372.20(c) Deferred Tax Liabilities (Net)80.1080.1072.20Current Liabilities(a) Financial Liabilities(i) Borrowings26,566.7746,675.5519,389.2822,691.30(ii) Trade Payables1,947.481,223.2413,958.0610,824.65(iii) Other Financial Liabilities6,057.225,553.8011,800.2111,771.51(b) Other Current Liabilities17,399.2623,596.03761.771,086.97(c) Provisions1,736.931,371.371,232.841,356.98(d) Current Tax Liabilities (Net)4,633.93905.37$\omega$×.Total Equity and Liabilities375,887.29365,633.34222,815.22 Sr. Particulars CONSOLIDATED (Rs. in lakhs)STANDALONE
103.50
197,534.64

For and on behalf of Board of Directors ofSunteck Realty Limited

Kamal Khetan (DIN: 00017527)

Chairman & Managing Director

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Date: 13th November, 2018 Place: Mumbai

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