Financial Results for the Quarter and the Financial Year Ended 31st March 2012.(Unaudited, Consolidated)

15 May, 2012

• Achieved sales bookings of 7.19 million sq ft, valued at Rs. 3808 Crores in FY12
• Delivered 3.4 million sq ft of completed property during FY12
• Plan to deliver nearly 9 million sq ft during FY13
• Total Income for the Year at Rs. 2651.39 Crores
• Profit After Tax for the Year at Rs. 248.30 Crores

Gurgaon,15th May 2012:Unitech, India’s leading business group involved in large-scaleintegrated real-estate development and infrastructure projects, today announced its unaudited consolidated financial results for the Quarter and the Financial Year ended 31st March 2012.The company recorded a total income of Rs. 2651.39 Crores for the Year ended 31st March 2012. Net profit for the same period stood at Rs. 248.30 Crores. For the quarter ended 31st March 2012, total revenue stood at Rs. 770.46 Crores while the net profit for the same period was Rs. 2.26 Crores.

The Earning per Share (EPS) for the Year ended 31st March 2012 stood at Rs. 0.95 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.

Announcing the results, Mr. Ajay Chandra, Managing Director, Unitech Ltd. said, "Financial Year 2011-12 was a very challenging year particularly in terms of availability as well as cost of funding for real estate projects. This has resulted not only in an increase in financing costs for the company but also adversely affected the construction activity during the year. There has been a gradual improvement in availability of funding in the recent months and the outlook on the interest rates is also benign. We expect the year 2012-13 to be significantly better."

He added, "Demand for our various product offerings during the quarter has been healthy and the sales bookings during the quarter have been higher than the previous quarter in volume terms at 1.79 million sq ft. In terms of value, sales bookings during the quarter stood at Rs. 779 Crores. Company's focus continues to be on ramping up the construction activity at its various project sites. I am pleased to share that we have commenced delivery of finished product in one of our newer markets, Chennai, recently. We plan to deliver nearly 9 million sq ft of finished product during the current year."

He further added, "Company has a healthy balance sheet and it has been continuously reducing its debt by utilizing cash flows from operations".

Key operational highlights for the year ended 31st Mar’12 are:

• Achieved sales bookings of 7.19 million sqft at an average realization of Rs. 5299/sqft
• Launched projects totaling an area of 7.81 million sqft.
• Residential sales bookings of 6.34 million sq ft valued at Rs. 2895 Crores
• Non-residential sales bookings of 0.84 million sq ft valued at Rs. 913 Crores
• Total value of Sales bookings is Rs. 3808 Crores
• Delivered 3.4 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