EMI Calculator
Loan Amount
Rate of Interest (In 00.00 format)
Number of Years
Your Equated Monthly Instalment
0
Press Releases
Select a Year: 
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
  • All

Back

FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30th SEP'14 (CONSOLIDATED, UNAUDITED)

12 November, 2014

Press Release
For Immediate Dissemination

FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30th SEP'14(CONSOLIDATED, UNAUDITED)

Total Income for the Half Year was Rs. 1939.67 Crores

Net profit (loss) after tax for the Half Year was Rs. -9.14 Crores

Total Income for the Quarter was Rs. 405.80 Crores

Profit (Loss) before tax for the quarter was Rs. -6.58 Crores

Net profit (loss) after tax for the Quarter was Rs. -14.69 Crores

Achieved sales bookings of 0.91 million sq ft valued at Rs. 527 Crores during H1FY15

Delivered 2.15 million sq ft of completed property during H1FY15

Gurgaon, 12th November 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 and Half year ended 30th September 2014. The company recorded a total income of Rs. 405.80 Crores for the Quarter ended 30th September 2014. Profit (Loss) after tax from ordinary activities for the same period stood at Rs. -14.69 Crores. For the half year ended 30th September 2014, total income was Rs. 1939.67 Crores and the Net profit (loss) after tax for the same period stood at Rs. -9.14 Crores.

The Earning per Share (EPS) for the quarter ended 30th September 2014 stood at Rs. -0.06 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 as of 30th September 2014 was Rs. 6381 Crores. Net debt to equity ratio as of 30th Sep’14 was 0.58.

Announcing the results, Mr. Sanjay Chandra, Managing Director, Unitech Ltd. said, "The sector continues to face a challenging environment. Strong demand for office space and the renewed optimism of the last few months is yet to translate into improvement in demand for the residential housing space. Meanwhile, Unitech is continuing with its interim strategy of monetizing those land parcels for which there are no immediate development plans. Company is also working towards accelerating the delivery of completed property in its various projects."

Key operational highlights for the quarter and half ended 30th September 2014 are

  • Achieved sales bookings of 0.91 million sq. ft. during H1
  • Launched projects totaling an area of 0.64 million sq. ft. during H1
  • Residential sales bookings of 0.46 million sq. ft. valued at Rs. 276 Crores in H1
  • Non-residential sales bookings of 0.44 million sq. ft. valued at Rs. 251 Crores in H1
  • Total value of Sales bookings is Rs. 527 Crores during H1
  • Delivered 2.15 million sq. ft. of completed area during H1
  • Achieved sales bookings of 0.25 million sq. ft. during Q2
  • Total value of Sales bookings is Rs. 188 Crores during Q2

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
Corporate Communications, Unitech Ltd.
M: +918527892800
E: arijit.banerjee@unitechgroup.com