FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MAR 2016 (CONSOLIDATED)

30 May, 2016

Press Release
For Immediate Dissemination

FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MAR 2016 (CONSOLIDATED)

Total Income for the Quarter was Rs. 511.52 Crores

Net Loss for the quarter was Rs. 539.47 Crores

Total Income for the Year was Rs. 2072.27 Crores

Net Loss for the Year was Rs. 902.69 Crores

Achieved sales bookings of 1.28 million sq ft valued at Rs. 963 Crores during FY16

Delivered 3.99 million sq ft of completed property during FY16

Gurgaon, 30th May 2016: 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 Year ended 31st March 2016. The company recorded a total income of Rs. 511.52 Crores for the Quarter ended 31st March 2016. Net Loss for the same period stood at Rs. 539.47 Crores. For the year ended 31st Mar’16, total income stood at Rs. 2072.27 Crores while the net loss for the same period was Rs. 902.69 Crores.

The Earning per Share (EPS) for the Year ended 31st March 2016 stood at Rs. -3.45 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 31st Mar’16 was Rs. 7165.70 Crores. Net debt to equity ratio as of 31st Mar’16 was 0.71.

Announcing the results, Mr. Sanjay Chandra, Managing Director, Unitech Ltd. said, "Company's focus during the year has been primarily on completing the ongoing projects and delivering the finished product to its customers. Balance expected receipts from these ongoing projects combined are sufficient not only to meet the remaining construction expense but to also to service the debt, if any, against these projects. Company has been taking various measures, such as creation of project specific escrow accounts, to boost customer confidence and improve collections so as to generate liquidity needed for completing these projects. Apart from improving collections, company is also mobilizing funds from banks and financial institutions. With these measures, company is hopeful of completing the ongoing projects in the next few quarters in a phased manner."

Key operational highlights for the Year ended 31st Mar'16 are

• Achieved sales bookings of 1.28 million sq ft
• Launched projects totaling an area of 1.29 million sq ft. during FY16
• Residential sales bookings of 0.90 million sq ft valued at Rs. 477 Crores
• Non-residential sales bookings of 0.38 million sq ft valued at Rs. 487 Crores
• Total value of Sales bookings is Rs. 963 Crores
• Delivered 3.99 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:

Priya Kapoor
M: +919910396857
E: priya.kapoor@unitechgroup.com