Financial Results for the Quarter and Nine Months Ended 31st Dec 2011 (Unaudited, Consolidated)

14 February, 2012

• Achieved sales bookings of 5.40 million sq ft, valued at Rs. 3029 Crores in 9M FY12
• Delivered 2.9 million sq ft of completed property during 9M 
• Reduced Debt by Rs. 383.59 Crores during 9M 
• Healthy Balance Sheet, Net Debt to Equity ratio at 0.43
• Total Income for the Nine Months at Rs. 1880.93 Crores
• Profit After Tax for the Nine Months at Rs. 246.04 Crores
• Total Income for the Quarter at Rs. 547.32 Crores 
• Profit After Tax for the Quarter at Rs. 55.22 Crores

Unitech, India's leading business group involved in large-scale integrated real-estate development and infrastructure projects, today announced its unaudited consolidated financial results for the Quarter and Nine months ended 31st December 2011. The company recorded a total income of Rs. 547.32 Crores for the Quarter ended Dec 31, 2011. Net profit for the same period stood at Rs. 55.22 Crores. For the nine months ended 31st December 2011, total revenue stood at Rs. 1880.93 Crores while the net profit for the same period was Rs. 246.04 Crores.

The Earning per Share (EPS) for the Nine Months ended 31st December 2011 stood at Rs. 0.94 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 has a healthy balance sheet with a net debt to equity ratio of 0.43 as of 31st December 2011. Company's debt reduced by Rs. 383.59 Crores during the first nine months of the current financial year. As of 31st Dec'11, Company had a consolidated net debt of Rs. 5190.26 Crores and a consolidated net worth of Rs. 12111.96 Crores.

Announcing the results, Mr. Ajay Chandra, Managing Director, Unitech Ltd. said, "Companyhas been able to achieve Rs. 941 Crores of sales bookings during the quarter by continuing its focus on affordable/mid-income housing segments. Business environment remained challenging during the quarter affecting company's ability to scale up the construction activity. Towards the end of the quarter, though, there have been some early signs of improvement in the environment. Company's immediate priority is to increase the construction activity at its project sites and hence is mobilizing and allocating additional resources for the same."

He further added, "Company's net debt to equity at 0.43 is well within the targeted level of 0.50. It has been continuously reducing its debt by utilizing cash flows from operations".

Key operational highlights for the nine months ended 31st Dec'11 are:

• Achieved sales bookings of 5.40 million sqft at an average realization of Rs. 5613/sqft
• Launched projects totaling an area of 7.17 million sqft. New projects launched in Q3-Crest View, Gurgaon Ananda Plots in Rewari & Ambala Residences in Dehradun.
• Residential sales bookings of 4.66 million sq ft valued at Rs. 2246 Crores
• Non-residential sales bookings of 0.73 million sq ft valued at Rs. 783 Crores s
• Total value of Sales bookings is Rs. 3029 Crores
• Delivered 2.9 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, uncertainities 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:

Ms. Tanuja Kehar
Head of Corporate Communications, Unitech Ltd.
M: +919911201752
E: tanuja.kehar@unitechgroup.com

For any sales queries please click on marketing@unitechgroup.com