Unitech reports 6% fall in its FY11 net profit

Unitech has reported results for the year ended March 31, 2011.

The company has registered a fall of 6.29% in its net profit for the year under review at Rs 510.08 crore as compared to Rs 544.30 crore for the last year. Its total income has decreased by 2.41% at Rs 2168.13 crore for the year from Rs 2221.71 crore in previous year.

On consolidated basis, the group’s net profit for the year has declined 15.91% at Rs 567.66 crore as compared to Rs 675.05 crore for FY10. Total income for the year has increased by 9.18% at 3292.12 crore as compared to Rs 3015.29 crore for the previous year.

Unitech has recommended a dividend of Re 0.10 per equity share of face value of Rs 2 each fully paid-up for the year ended March 31, 2011.