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Unitech reports 48% fall in Q2 consolidated net profit

15 Nov 2013 Evaluate

Unitech has reported results for the second quarter ended September 30, 2013.

The company has reported 60.61% fall in its net profit at Rs 6.85 crore for the quarter as compared to Rs 17.39 crore for the same quarter in the previous year. However, total income of the company has increased by 11.56% at Rs 412.37 crore for quarter under review as compared to Rs 369.64 crore for the quarter ended September 30, 2012.

On the consolidated basis, the group has registered a fall of 48.02% in net profit after taxes and minority interest and share of profit of associates of Rs 25.57 crore as compared to Rs 49.19 crore in the same quarter previous year. However, total income of the group rose by 10.39% to Rs 633.41 crore for quarter under review as against Rs 573.78 crore in corresponding quarter previous year.

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