Live Markets »News & Advice»Market News»Market News Details
Market News Details
Back

Unitech Q4 net loss widens to Rs 10 bn on higher operational expenditure

Press Trust of India/New Delhi 12 Jun 18 | 12:37 PM

Unitech

Crisis-hit realty firm Unitech on Tuesday reported a consolidated net loss of Rs 9.99 billion for the quarter ended March 31, 2018, despite higher income.

Related Stories

    No Related Stories Found
Widgets Magazine

The Gurugram-based developer had posted a net loss of Rs 2.90 billion in the year-ago period, according to a regulatory filing.

Total income, however, jumped over two-fold to Rs 9.77 billion during January-March, 2017-18 from Rs 4.80 billion in the year-ago quarter.

Despite a sharp rise in income, the company has posted net loss due to higher operational expenditure and an exceptional item of Rs 9.28 billion.

For entire 2017-18, Unitech posted a net loss of Rs 12.75 billion as against a loss of Rs 4.02 billion in 2016-17.

Total income however increased to Rs 22.10 billion from Rs 17.95 billion in 2016-17.

Debt-ridden Unitech is facing huge protest as well as litigations from home buyers because of significant delays in completion of their housing projects across the country.

Widgets Magazine

Sensex

Company Price Gain (%)
Sun Pharma.Inds.576.303.91
M & M908.152.78
H D F C1,902.402.54
Axis Bank524.652.22
Bharti Airtel374.601.74

Poll

Currently No Poll Available.

Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine