SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Unitech reports 47% fall in Q2 consolidated net

15 Nov 2011 Evaluate

Real estate developer, Unitech has reported a 47% decline in its net profit for the second quarter ended September 30, 2011 on the back of rising input cost and interest rate hike, among other factors.

The Group has posted a net profit of Rs 92.46 crore for the quarter under review, lower by 46.79% to Rs 173.76 crore in the same period a year ago. Total income has decreased from Rs 674.92 crore for the second quarter to Rs 666.39 crore for the quarter ended September 30, 2011, down by 1.28%.

On standalone basis, the company has reported a fall of 19.51% in its net profit of Rs 103.58 crore as compared to Rs 128.68 crore for the second quarter previous year. Total income of the company decreased by 4.44% to Rs 498.36 crore for the quarter under review as compared to Rs 521.51 crore for the same period last year.

However, the company reduced its debt by Rs 191.02 crore during the July-September quarter, bringing the net debt level down to Rs 5144.04 crore. The company is looking to reduce its debt, by Rs 500 crore by the end of this financial year from the sale of non-residential projects, which is often referred to as non-core assets. In the first half, it has cut debt by Rs 394.69 crore. The net debt to equity ratio for the first half stood at 0.43.

Unitech Share Price

4.90 -0.16 (-3.16%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 855.85
Dilip Buildcon 450.15
DLF 595.85
Oberoi Realty 1695.70
Ahluwalia Contract(I 833.35
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×