UNITECH LTD = RESULTS = Q3 FY 2011 =QTR ENDING DECEMBER 2010 = LACK LUSTRE

Unitech Limited

NSE Symbol   UNITECH

UNITECH LTD has declared its Stand Alone and Consolidated financial results for q/e December 2010.

STAND ALONE RESULTS

Net Sales is Rs.388 cr – down by 8.96 from previous qtr and by 39.64% from corresponding qtr of previous year.

Total expenditure is Rs.194 cr – down by 25.14% from Previous qtr and down by 59.15% from corresponding qtr of previous year.

Profit from operations is Rs.194 cr – up by 16.2% from previous qtr and up by 15.72% from corresponding qtr of previous year.

Net Profit is Rs.139 cr – up by 7.92 cr from previous qtr and up by 5.25% from corresponding qtr of previous year.

Basic EPS on a face value of Rs.2 is Rs.0.55 against Rs.0.53 in previous qtr and Rs.0.54 in corresponding qtr.

Stand Alone Results Table

UNITECH	31-Dec-10	30-Sep-10	31-Dec-09
Net Sales	38807	42624	64288
DIF %1	388	-8.96	-39.64
Raw Materials	16636	-	44793
Employees Cost	2559	2734	2190
Depreciation	170	166	149
Other Expenditure	-	23033	-
Total Expenditure	19413	25934	47528
DIF %2	194	-25.14	-59.15
Profit from Operations	19394	16690	16760
DIF %3	194	16.2	15.72
Other Income5	8708	9527	7284
Interest6	7736	8891	7442
Tax expense	6479	4458	3408
Net Profit	13887	12868	13194
DIF %4	139	7.92	5.25
Face Value (In Rs	2	2	2
Paid Up Equity	52326	50357	47776
Basic EPS	0.55	0.53	0.54
Public Holding (%)	51.43	53.44	58.16

CONSOLIDATED RESULTS

CONSOLIDATED NET SALES is Rs.660 cr – up by 2.37% from Q2 FY 11 and down by 14.81% from Q3 FY10.

TOTAL EXPENDITURE is Rs.459 cr – up by 14.48% from Q2 FY 11 but down by 23.15% from Q3 FY 10.

Profit from Operations is Rs.201 cr – down by 17.52% from Q2 FY 11 but up by 13.19% from Q3 FY 10.

CONSOLIDATED NET PROFIT is Rs.111 cr – down by 35.91% from Q2 FY 11 and down by 36.73% from Q3 FY 10.

Consolidated Basic EPS(in Rs.) is Rs.0.43 compared to Rs.0.79 in Q2 FY 11 and Rs.0.72 in Q3 FY 10.

CONSOLIDATED RESULTS

TABLE :

UNITECH-CONSOL	Q3 FY11	Q2 FY 11	Q3 FY 10
Net Sales	65979	64451	77446
DIF %1	660	2.37	-14.81
Incr./Decr. in SIT / WIP	-1031	-809	-775
Consumption of Raw Materials	43209	-	57136
Employees Cost	2926	3073	2515
Depreciation	754	886	794
Other Expenditure	-	36907	-
Total Expenditure	45858	40057	59670
DIF%2	459	14.48	-23.15
Profit from Operations	20121	24394	17776
DIF %3	201	-17.52	13.19
Other Income	1810	3041	1386
Interest	3402	4390	1475
Profit before tax	18529	23045	17687
Tax Expense	7396	5642	3734
Net Profit	11133	17403	13953
Minority Interest	71	31	-3570
Shares of Associates	-38	18	-78
Other Related Items	-36	-22	-
Consolidated Net Profit	11136	17376	17601
DIF%4	111	-35.91	-36.73
Face Value (in Rs.)	2	2	2
Paid-up Equity	52326	50357	47776
Basic EPS(in Rs.)	0.43	0.79	0.72
Public Shareholding (%)	51.43	53.44	56.16

ANNOUNCEMENTS

TO THE EXCHANGE

15-02-2011    Unitech Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2010 as follows: Net Sales of Rs. 38807 lacs for quarter ending on 31-DEC-2010 against Rs. 64288 lacs for the quarter ending on 31-DEC-2009. Net Profit / (Loss) of Rs. 13887 lacs for the quarter ending on 31-DEC-2010 against Rs. 13194 lacs for the quarter ending on 31-DEC-2009.    -

15-02-2011    Unitech Limited has informed the Exchange regarding the consolidated Results for the quarter ended on 31-DEC-2010 as follows: Net Sales of Rs. 65979 lacs for quarter ending on 31-DEC-2010 against Rs. 77446 lacs for the quarter ending on 31-DEC-2009. Net Profit / (Loss) of Rs. 11136 lacs for the quarter ending on 31-DEC-2010 against Rs. 17601 lacs for the quarter ending on 31-DEC-2009.

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