Unitech, India's leading business group and an integrated developer of large-scale real estate projects, has reported results for the Quarter and year ended March 31, 2012:
The Company has posted a drop of 34.52% for the fourth quarter ended March 31, 2012 net profit at Rs 42.45 crore as compared to Rs 64.83 crore for the same quarter of the previous fiscal. Its total income has decreased by 18.98% to Rs 384.37 crore for January-March quarter, 2012 from Rs 474.43 crore for the corresponding quarter of the previous financial year.
For the Year ended March 31, 2012, the Company’s net profit dipped by 35.87% at Rs 327.11 crore as compared to Rs 510.08 crore for the previous year. Its total income has been reduced by 24.42% to Rs 1638.60 crore for the year ended March 31, 2012 from Rs 2168.13 crore for the previous fiscal.
On Consolidated basis, Group’s net profit shrunk by 97.80% at Rs 2.26 crore for the March quarter of FY12 as compared to Rs 102.50 crore for the March quarter of FY11. Group’s total income has decreased by 29.69% to Rs 770.40 crore for the Quarter under review from Rs 1095.74 crore for the March quarter of previous fiscal.
For the Year ended March 31, 2012, the Group’s net profit contracted by 56.26% at Rs 248.30 crore as compared to Rs 567.66 crore for the year ended March 31, 2011. Group’s total income has decreased by 19.46% from Rs 3292.12 crore for the year ended March 31, 2011 to Rs 2651.39 crore for the year under review.
