Real estate firm Unitech has posted a 46.80 per cent fall in its consolidated net profit at Rs 49.19 crore for the quarter ended September 30 against Rs 92.46 crore in the same period a year ago.
Net income during the second quarter also fell by 20.54 per cent to Rs 539.83 crore (Rs 679.35 crore), a company statement said.
The company’s consolidated net debt stood at Rs 5,566 crore. The net debt to equity ratio as of September 30, stood at 0.47.
Unitech Managing Director Sanjay Chandra said, “With improving liquidity and focused efforts, construction activity at various sites has witnessed marked improvement during the last quarter and should reach the targeted levels soon. Demand in real estate was healthy during the quarter”.
The company said it received sales bookings of 1.55 million sq ft, worth Rs 836 crore during the July-September period, up 19.26 per cent from the previous quarter of this fiscal.
bindu.menon@thehindu.co.in
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.