Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


June 02, 2015 2:50 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. Reports Audited Consolidated and Standalone Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2015

Unitech Ltd. reported audited consolidated and standalone earnings results for the fourth quarter and full year ended March 31, 2015. For the quarter consolidated basis, the company reported net sales/income from operations (net of excise duty) of INR 8,132.287 million against INR 10,378,859 million a year ago. Loss from operations before other income, finance costs, exceptional items and prior period adjustments was INR 3,306.007 million against profit from operations before other income, finance costs, exceptional items and prior period adjustments of INR 427.113 million a year ago. Loss from ordinary activities before tax was INR 1,480.036 million against profit from ordinary activities before tax of INR 423.202 million a year ago. Net loss for the year was INR 1,755.063 million against net loss for the period of INR 603.247 million a year ago. Basic and diluted loss per share was INR 0.62 against basic and diluted loss per share of INR 0.19 a year ago. For the year consolidated basis, the company reported net sales/income from operations (net of excise duty) of INR 34,311.806 million against INR 29,534.471 million a year ago. Profit from operations before other income, finance costs, exceptional items and prior period adjustments was INR 7,279.492 million against INR 1,359.085 million a year ago. Profit from ordinary activities before tax was INR 9,399.144 million against INR 2,061.926 million a year ago. Net loss for the year was INR 1,626.595 million against net loss of INR 461.209 million a year ago. Diluted loss per share was INR 0.49 against diluted earnings per share of INR 0.27 a year ago. For the quarter on standalone basis, the company reported net sales/income from operations of INR 3,149.222 million against INR 7,174.436 million a year ago. Loss from operations before other income, finance costs, exceptional items and prior period adjustments was INR 111.089 million against loss from operations before other income, finance costs, exceptional items and prior period adjustments of INR 49.834 million a year ago. Profit from ordinary activities before tax was INR 1.829 million against INR 283.375 million a year ago. Net loss for the year was INR 223.198 million against net profit of INR 129.746 million a year ago. Basic and diluted loss per share was INR 0.09 against loss per share of INR 0.05 a year ago. For the year on standalone basis, the company reported net sales/income from operations of INR 9,699.646 million against INR 17,104.844 million a year ago. Loss from operations before other income, finance costs, exceptional items and prior period adjustments was INR 1,097.014 million against loss from operations before other income, finance costs, exceptional items and prior period adjustments of INR 420.064 million a year ago. Profit from ordinary activities before tax was INR 74.327 million against INR 1,258.523 million a year ago. Net loss for the period was INR 158.133 million against net profit for the period of INR 788.677 million a year ago. Basic and diluted loss per share was INR 0.06 against INR 0.30 a year ago.

Unitech Limited Announces Executive Changes

Unitech Limited announced that its Board of Directors through resolution by circulation dated May 23, 2015 has appointed Mr. Sunil Rekhi, Chartered Accountant having wide experience in Finance, and Mr. Chanderkant Jain, an industrial Engineer having wide experience in Real Estate, as Additional Non-Executive Independent Directors on the Board of the company with effect from May 23, 2015. The company also reported that it has received a letter dated May 18, 2015 from Mr. Anil Harish, a Non-executive Independent Director of the company tendering his resignation from the office of Director of the company. The company has taken into effect the said resignation letter with effect from May 23, 2015. The company reported that it has received a letter dated May 23, 2015 from Mr. Ravinder Singhania, a Nonexecutive Independent Director of the company tendering his resignation from the office of Director of the company with immediate effect.

Unitech Ltd. to Report Q4, 2015 Results on May 29, 2015

Unitech Ltd. announced that they will report Q4, 2015 results on May 29, 2015

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 11, 2014
Four IT SEZ Parks in India
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Unitech Ltd., please visit www.unitechgroup.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.