December 17, 2014 11:02 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
Age: 41
Total Annual Compensation: $15.8M
Managing Director
Age: 46
Total Annual Compensation: $15.8M
Executive Chairman
Age: 75
Total Annual Compensation: $17.8M
Compensation as of Fiscal Year 2014.

Unitech Ltd. Key Developments

Unitech Ltd. Reports Unaudited Consolidated and Standalone Earnings Results for the Second Quarter and Six Months Ended September 30, 2014

Unitech Ltd. reported unaudited consolidated and standalone earnings results for the second quarter and six months ended September 30, 2014. For the quarter, on consolidated basis, the company reported net sales/income from operations (net of excise duty) was INR 3,837.295 million against INR 5,957.589 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 251.236 million against INR 22.672 million a year ago. Loss from ordinary activities before tax was INR 65.760 million against profit of INR 303.520 million a year ago. Net loss for the period was INR 188.906 million or INR 0.06 basic and diluted per share before and after extra ordinary items (of INR 2 each) (not annualised) against net profit of INR 202.176 million or INR 0.10 basic and diluted per share before and after extra ordinary items (of INR 2 each) (not annualised) a year ago. For the six-month period, on consolidated basis, the company reported net sales/income from operations (net of excise duty) was INR 19,058.582 million against INR 11,683.299 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 10,075.763 million against INR 617.328 million a year ago. Profit from ordinary activities before tax was INR 10,344.182 million against INR 1,140.509 million a year ago. Net loss for the period was INR 181.500 million or INR 0.04 diluted per share after extra ordinary items (of INR 2 each) (not annualised) against net profit of INR 775.305 million or INR 0.34 basic and diluted per share before and after extra ordinary items (of INR 2 each) (not annualised) a year ago. For the quarter, on standalone basis, the company reported net sales/income from operations (net of excise duty) was INR 1,259.537 million against INR 3,025.350 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 395.356 million against INR 313.731 million a year ago. Profit from ordinary activities before tax was INR 50.804 million against INR 106.078 million a year ago. Net profit for the period was INR 44.656 million or INR 0.02 basic and diluted per share before and after extra ordinary items (of INR 2 each) (not annualised) against INR 68.587 million or INR 0.02 basic and diluted per share before and after extra ordinary items (of INR 2 each) (not annualised) a year ago. For the six-month period, on standalone basis, the company reported net sales/income from operations (net of excise duty) was INR 4,267.828 million against INR 5,836.266 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 455.288 million against income of INR 168.318 million a year ago. Profit from ordinary activities before tax was INR 309.742 million against INR 630.148 million a year ago. Net profit for the period was INR 228.921 million or INR 0.09 basic and diluted per share before and after extra ordinary items (of INR 2 each) (not annualised) against INR 427.904 million or INR 0.16 basic and diluted per share before and after extra ordinary items (of INR 2 each) (not annualised) a year ago.

Brookfield To Buy Unitech's 40% Stake In 4 SEZs

Brookfield Asset Management Inc. (TSX:BAM.A) is expected buy Unitech Ltd. (BSE:507878) 40% stake in four SEZs – two in Gurgaon, one in Kolkata, one IT Park in Noida for INR 12-15 billion, according to sources.

Unitech Ltd. to Report Q2, 2015 Results on Nov 12, 2014

Unitech Ltd. announced that they will report Q2, 2015 results on Nov 12, 2014

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