FINANCIAL RESULTS FOR THE QUARTER ENDED 30th JUNE, 2014 (CONSOLIDATED, UNAUDITED)

13 August, 2014

Press Release
For Immediate Dissemination

FINANCIAL RESULTS FOR THE QUARTER ENDED 30th JUNE, 2014 (CONSOLIDATED, UNAUDITED)

Total Income for the Quarter was Rs. 1533.87 Crores, up 156.64% YoY

PBT for the quarter was Rs. 1040.99 Crores, up 1143.74% YoY

PAT (from ordinary activities) for the Quarter was Rs. 991.47 Crores, up 1629.92% YoY

Net profit after tax and extraordinary items for the Quarter was Rs. 5.56 Crores

Achieved sales bookings of 0.66 million sq ft valued at Rs. 339 Crores during Q1FY15

Delivered 1.07 million sq ft of completed property during Q1FY15

Gurgaon, 13th August 2014:

Unitech, India’s leading business group involved in large-scale integrated real-estate development and infrastructure projects, today announced its consolidated financial results for the Quarter ended 30th June 2014. The company recorded a total income of Rs. 1533.87 Crores for the Quarter ended 30th June 2014. Profit after tax from ordinary activities for the same period stood at Rs. 991.47 Crores. During the quarter, an extraordinary loss of Rs. 990.73 Crores arising due to wireless business was booked. Net profit for the quarter, therefore, was Rs. 5.56 Crores.

The Earning per Share (EPS) for the quarter ended 30th June 2014 stood at Rs. 3.81 (before extraordinary items) and Rs. 0.02 (after extraordinary items) on an equity base of Rs. 523.26 Crores. Total paid up capital is represented by 261.63 crore equity shares of Rs. 2 each.

Company’s consolidated net debt reduced by Rs. 407 Crores during the quarter. Consolidated net debt as of 30th June, 2014 was Rs. 5908 Crores. Net debt to equity ratio as of 30th June’14 was 0.54, one of the lowest in the industry. Further, during the quarter, the Company extinguished its liabilities and obligations related to wireless business to the tune of Rs. 1094.74 crores. Going forward, the Company shall have no liability in this regard.

Announcing the results, Mr. Sanjay Chandra, Managing Director, Unitech Ltd. said, "There has been a significant (nearly 20%) reduction in debt and other liabilities during the quarter due to the previously announced transaction related to transfer of interest in four IT SEZs. This transaction also boosted the income and profit for the quarter. The higher profit has got offset by the extraordinary loss on account of wireless business, booked during the quarter"

He further added, "Demand for real estate continues to be sluggish. In this environment, company has been focusing on maximizing sales bookings from its existing projects and delivery of completed product. I welcome certain sector specific measures taken by the Government recently. These measures, may however take some more time to have their effect on the market."

Key operational highlights for the quarter ended 30th June 2014 are

• Achieved sales bookings of 0.66 million sq. ft.
• Launched projects totaling an area of 0.64 million sq. ft. during Q1FY15
• Residential sales bookings of 0.26 million sq ft valued at Rs. 144 Crores
• Non-residential sales bookings of 0.40 million sq. ft. valued at Rs. 195 Crores
• Total value of Sales bookings is Rs. 339 Crores
• Delivered 1.07 million sq ft of completed area.

About Unitech

For more information on the company, please visit: www.unitechgroup.com

Forward Looking Statement

This document contains statements about future events and expectations that are forward-looking statements. These statements typically contain words such as "expects" and "anticipates" and words of similar import. Any statement in this document that is not a statement of historical fact is a forward looking statement that involves known or unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. None of the future projections, expectations, estimates or prospects in this document should be taken as forecasts or promises nor should they be taken as implying any indication, assurance or guarantee that the assumptions on which such future projections, expectations, estimates or prospects have been prepared are correct or exhaustive or, in the case of the assumptions, fully stated in the document. The Company assumes no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.

For any further information please contact:

Arijit Banerjee
General Manager & Head (External Communication), Unitech Ltd.
M: +918527892800
E: arijit.banerjee@unitechgroup.com