Unitech Ltd: Results Update

CMP: Rs.16.70

Unitech Ltd has announced the following results for the quarter ended December 31, 2014: 

(i) The Unaudited Standalone results for the Quarter ended December 31, 2014

The Company has posted a net loss of Rs.16.4 Cr for the quarter ended December 31, 2014 as compared to net profit of Rs.23.10 Cr for the quarter ended December 31, 2013. Total Income has decreased from Rs.532.77 Cr for the quarter ended December 31, 2013 to Rs. 331.24 Cr for the quarter ended December 31, 2014.

(ii) The Consolidated Results are as follows: Not at all bad....

The Unaudited Consolidated results for the Quarter ended December 31, 2014

The Group has posted a profit after taxes, minority interest and share of profit / (loss) of associates of Rs.43.34 Cr for the quarter ended December 31, 2014 as compared to Rs.32.83 Cr for the quarter ended December 31, 2013. 

Total Income has decreased marginally from Rs.793.60 Cr for the quarter ended December 31, 2013 to Rs.721.99 Cr for the quarter ended December 31, 2014.