March 02, 2015 3:07 PM ET

Real Estate Management and Development

Company Overview of Unitech Ltd.

Company Overview

Unitech Limited develops real estate properties and infrastructure in India and internationally. Its property portfolio includes residential, commercial, special economic zones, IT parks, industrial and logistic parks, refineries, hospitality, retail, and entertainment projects, as well as various other buildings/structures. The company’s real estate development activities include development of mini cities/townships; construction of residential and commercial complexes, such as shopping malls and various types of dwelling units; and construction contracts for highways, roads, powerhouses, refineries, hotels, hospitals, and buildings, as well as transmission lines manufacturing. It also manu...

Unitech House

L Block

South City-I

Gurgaon,  122001

India

Founded in 1971

Phone:

91 12 4412 5200

Fax:

91 12 4238 3332

Key Executives for Unitech Ltd.

Managing Director, Executive Director and Member of Committee of Directors
Age: 41
Total Annual Compensation: $15.8M
Managing Director, Executive Director, Member of Committee of Directors, Member of Audit Committee, Member of Shareholders/Investors Grievance Committee and Member of Telecom Business Restructuring Committee
Age: 46
Total Annual Compensation: $15.8M
Executive Chairman, Chairman of Committee of Directors and Member of Remuneration Committee
Age: 75
Total Annual Compensation: $17.8M
Compensation as of Fiscal Year 2014.

Unitech Ltd. Key Developments

Unitech Ltd. Announces Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014

Unitech Ltd. announced unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, on consolidated basis, the company reported net sales/income from operations (net of excise duty) of INR 7,045.610 million compared to INR 7,316.762 million reported a year ago. Profit from operations before other income, finance costs, exceptional items and prior period adjustments was INR 434.409 million compared to INR 159.093 million reported a year ago. Profit from ordinary activities before tax was INR 534.998 million compared INR 498.215 million reported a year ago. Net profit after share of profit of associates & minority interest for the period was INR 433.380 million or INR 0.17 per basic and diluted share before and after extraordinary items compared to net profit of INR 328.257 million or INR 0.12 per basic and diluted share before and after extraordinary items reported a year ago. For the nine months on consolidated basis, the company reported net sales/income from operations (net of excise duty) of INR 26,104.192 million compared to INR 19,000.061 million reported a year ago. Profit from operations before other income, finance, exceptional items and prior period adjustments was INR 10,510.172 million compared to INR 776.421 million reported a year ago. Profit from ordinary activities before tax was INR 10,879.180 million compared to INR 1,638.724 million reported a year ago. Net profit after share of profit of associates & minority interest for the period was INR 342.028 million or INR 0.13 per basic and diluted share after extraordinary items compared to net profit of INR 1,212.922 million or INR 0.46 per basic and diluted share before and after extraordinary items reported a year ago. For the quarter on standalone basis, the company reported net sales/income from operations (net of excise duty) of INR 2,245.812 million compared to INR 3,989.882 million reported a year ago. Loss from operations before other income, finance, exceptional items and prior period adjustments was INR 567.421 million compared to INR 306.172 million reported a year ago. Loss from ordinary activities before tax was INR 237.244 million compared profit of INR 345.0 million reported a year ago. Net loss was INR 163.858 million or INR 0.06 per basic and diluted share before and after extraordinary items compared to net profit of INR 231.027 million or INR 0.09 per basic and diluted share before and after extraordinary items reported a year ago. For the nine months on standalone basis, the company reported net sales/income from operations (net of excise duty) of INR 6,513.640 million compared to INR 9,826.148 million reported a year ago. Loss from operations before other income, finance, exceptional items and prior period adjustments was INR 1,022.709 million compared to INR 474.490 million reported a year ago. Profit from ordinary activities before tax was INR 72.498 million compared to INR 975.148 million reported a year ago. Net profit was INR 65.066 million or INR 0.03 per basic and diluted share before and after extraordinary items compared to net profit of INR 658.931 million or INR 0.25 per basic and diluted share before and after extraordinary items reported a year ago.

Unitech Ltd. to Report Q3, 2015 Results on Feb 13, 2015

Unitech Ltd. announced that they will report Q3, 2015 results on Feb 13, 2015

Unitech Ltd., Board Meeting, Feb 13, 2015

Unitech Ltd., Board Meeting, Feb 13, 2015. Agenda: To consider and approve the unaudited financial results of the company for the third quarter and nine months ended on December 31, 2014.

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