Unitech has reported a net profit of ₹74 lakh in the quarter ended June 30, down from ₹57.3 crore in the corresponding period a year ago. Income from operations for the period was ₹1,522 crore, up over 2.5 times against ₹573 crore. The company stated in a release, “Consolidated net debt reduced by ₹407 crore during the quarter. Consolidated net debt as of June 30 was ₹5,908 crore. Net debt-to-equity ratio was 0.54, one of the lowest in the industry.”

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