Unitech reports 53% fall in Q1 consolidated net profit

16 Aug 2012

Unitech has reported results for first quarter ended June 30, 2012.

On standalone basis, the company has reported a fall of 70.61% in its net profit at Rs 31.76 crore for the quarter, as compared to Rs 108.07 crore for the same quarter in the previous year. Total income of the company has decreased by 30.27% to Rs 295.93 crore for the quarter under review as compared to Rs. 424.42 crore for the quarter ended June 30, 2011.

On consolidated basis, the company has reported a fall of 53.35% in its net profit at Rs 45.88 crore for the quarter, as compared to Rs 98.36 crore for the same quarter in the previous year. Total income of the company has decreased by 35.60% to Rs 442.28 crore for the quarter under review as compared to Rs 686.83 crore for the quarter ended June 30, 2011.

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