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Unitech reports consolidated net loss of Rs 13.01 crore in Q2

15 Dec 2016

Unitech has reported results for second quarter ended September 30, 2016.    

The company has reported a net profit of Rs 5.90 crore for the quarter under review as compared to a net loss of Rs 15.74 crore for the same quarter in the previous year. Total income of the company decreased by 43.80% at Rs 291.62 crore for the quarter under review as compared Rs 518.89 crore for the corresponding quarter previous year.   

On the consolidated basis, the company has a net Loss after taxes, minority interest and share of profit/(loss) of associates and joint ventures of Rs 13.01 crore for the quarter ended September 30, 2016 as compared to Rs 65.70 crore for the same quarter in the previous year. Total Income of the company has increased by 42.27% to Rs 385.94 crore for quarter under review from Rs 668.58 crore for the quarter ended September 30, 2015.

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SEBI Registered: Investment Adviser - INA000013323

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