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Unitech Quarterly Results

Last updated: May 13 2015
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  • #11

    #11

    Re : Unitech Quarterly Results

    Hello friends, I thought this is forum for discussion on property matters.....but looks we are changing the subject to stock markets.....

    have a nice day

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    • #12

      #12

      Re : Unitech Quarterly Results

      Originally posted by GGrover View Post
      Hello friends, I thought this is forum for discussion on property matters.....but looks we are changing the subject to stock markets.....

      have a nice day
      GGrover, the forum is being used for personal fights now days... people are fighting till death for pacifying their ego.. so atleast discussing stock market is not bad either atleast ek doosre ki family ko to beech mein pull nahin kar rahe... hahah jokes apart... you are right this discussion is not meant for anything else other than property discussions. thanks for pointing out...

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      • #13

        #13

        Re : Unitech Quarterly Results

        Originally posted by nitin0679 View Post
        GGrover, the forum is being used for personal fights now days... people are fighting till death for pacifying their ego.. so atleast discussing stock market is not bad either atleast ek doosre ki family ko to beech mein pull nahin kar rahe... hahah jokes apart... you are right this discussion is not meant for anything else other than property discussions. thanks for pointing out...
        It was more on a lighter side ... As u rightly said to divert the minds from personal fights
        In a way the results of a co indicate thr financial health and thus safetyof the investments. But that is a subject matter of another debate

        Cheers and hv a nice evening

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        • #14

          #14

          Re : Unitech Quarterly Results

          Unitech spurted 4.69% to Rs 34.60 at 15:04 IST on BSE, after the realty major said it is targeting a 15.66% rise in sales bookings of Rs 5000 crore in the year ending March 2012 over the year ended March 2011.




          Meanwhile, the BSE Sen was down 21.61 points, or 0.12%, to 18,244.49
          On BSE, 38.93 lakh shares were traded in the counter as against average daily volume of 46.72 lakh shares over the past one quarter.
          The stock hit a high of Rs 34.85 and a low of Rs 32.25 so far during the day. The stock had hit a 52-week high of Rs 98.45 on 7 October 2010 and a 52-week low of Rs 30.65 on 24 May 2011.
          The large-cap stock underperformed the market over the past one month till 27 May 2011, falling 18.29% compared with the Sen's 6.08% fall. The stock had also underperformed the market in past one quarter, declining 1.05% as against Sen's rise of 3.19%.
          The company has an equity capital of Rs 523.26 crore. Face value per share is Rs 2.
          At the time of announcing result on Sunday, 29 May 2011, Unitech also said it has a healthy balance sheet with a real-estate net debt to equity ratio of 0.46. As of 31 March 2011, the company had a net worth of Rs 11614 crore. The company's debt, net of cash, reduced by Rs 228 crore in FY 2011, it said.
          Unitech also said that the ongoing telecom matter pertains to Unitech Wireless Tamilnadu (Uninor), which is a separate legal entity engaged in the telecom business, and will not impact Unitech (the real estate company). Unitech said it will continue to focus on its real estate business in the normal course.
          Unitech's consolidated net profit declined 15.90% to Rs 567.66 crore on 9.2% rise in total income to Rs 3292.48 crore in the year ended March 2011 over the year ended March 2010.
          During the year ended March 2011, Unitech achieved sales bookings of 9.16 million square feet (sq ft) at an average realization of Rs. 4720 per sq ft. The company launched projects totaling an area of 10.44 million sq ft; residential sales bookings of 7.61 million sq ft valued at Rs 3305 crores, non-residential sales bookings of 1.55 million sq ft valued at Rs 1019 crore and delivered 4.25 million sq ft of completed area during the year. Total value of sales bookings stood at Rs 4323 crore. Announcing the results, Ajay Chandra, Managing Director, Unitech said, the company's focus remains firmly on monetization of geographically diversified land bank through rapid launch and execution of projects, mostly in the mid-income and affordable housing segments. In keeping with the goal, as announced earlier, of launching 10 million square feet (sq ft) of projects Unitech has launched over 6 million sq ft since January 2011 spread across 16 projects. Apart from continuing to launch projects in existing cities, the company entered some new cities such as Ambala, Rewari & Dehradun. Unitech's board of directors recommended a dividend of Re 0.10 per share for the year ended March 2011

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          • #15

            #15

            Re : Unitech Quarterly Results

            Originally posted by amit001 View Post
            Unitech spurted 4.69% to Rs 34.60 at 15:04 IST on BSE, after the realty major said it is targeting a 15.66% rise in sales bookings of Rs 5000 crore in the year ending March 2012 over the year ended March 2011.
            Thanks bro for keeping track of all the news and updating forum members.

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            • #16

              #16

              Re : Unitech Quarterly Results

              Unitech among the top 15 fastest growing companies













              Q4 results for Unitech were declared and its profit is around 100 crores , less than the profit of 111 crores. The revenues up by 600 odd crores to 1000 crores. But here is the news that says totally different story, Which delievers the growth of prospects of this company to be on a positive side. The stock price of this company has already beaten down to less than 35 rupees, which is cheaper in any crcumstances for the company. It is more with the management strategies with the involvement in 2G scam which resulted in clouds of uncertainity. Hence the Financial institutions dumping the stock from their portfolios.

              Unitech ranked 13th in the heavyweights category Survey conducted by Businessworld ranked India's fastest growing companies

              Unitech, India's leading business group and an integrated developer of large-scale real estate projects, was ranked 13th in the survey of the 'Fastest Growing Companies' conducted by Businessworld. It has been placed in the 'Heavyweights' category. This category consists of those companies, which had sales of Rs. 1,000 - 4,999 crore in 2009-10.

              The process of the survey began with the universe of 5,331 companies, which were in the database of Centre for Monitoring Indian Economy (CMIE). These were the companies, which declared their financial results for all the five years between 2005-06 and 2009-10. This list of companies was further narrowed down to only non-trading and non-financial services companies and also excluded those companies that had reported a net loss in more than one of the years under study (2005-06 to 2009-10).

              The entire lists of companies were segregated into four categories on the basis of turnover of 2009-10. The categories are 'Super Heavyweights', 'Heavyweights', 'Middleweights' and 'Welterweights'. Lastly, Businessworld used array of financial parameters to filter the companies with good financial health and made the final ranking on the basis of the average of the four years' growth rates in sales.

              Commenting on the ranking, Mr Ajay Chandra, Managing Director, Unitech said, &quotWe are honored to be ranked amongst the top 15 fastest growing companies in India. We have a pan India footprint across all segments of real-estate development ~ Residential, Commercial and Retail. Unitech has one of the largest residential product ranges in the market starting from Unihomes (in the Affordable Housing segment) to the high end luxury villas and super luxury Golf Course residential projects.














              Originally posted by vinaybhatia View Post
              Thanks bro for keeping track of all the news and updating forum members.

              Comment

              • #17

                #17

                Re : Unitech Quarterly Results

                Unitech FY11 profit falls 16 pct, misses f'cast

                Unitech FY11 profit falls 16 pct, misses f'cast | Reuters
                Please read IREF rules | FAQ's

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                • #18

                  #18

                  Re : Unitech Quarterly Results

                  Share price is up over 8% in the last 2 days

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                  • #19

                    #19

                    Re : Unitech Quarterly Results

                    Originally posted by amit001 View Post
                    Share price is up over 8% in the last 2 days
                    yess and its gonna face some resistance at 37.25... Once it crosses that level, we may see it in the range of 40s... but for long term its a good bet...

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                    • #20

                      #20

                      Re : Unitech Quarterly Results

                      (Reuters) - Unitech, India's second-biggest listed real estate company, missed estimates with a 16 percent fall in annual net profit, but expects higher sales bookings during the current financial year as it expanded into some new towns.

                      Unitech shares fell in early trade, but reversed losses to rise 2.3 percent by 10:23 a.m. (0453 GMT) in a Mumbai market up 0.14 percent.

                      Rapid urbanisation and rising income levels are expected to boost demand for houses in Asia's third-largest economy, but high inflation and rising interest rates are negatives for the sector in the near term.

                      The Reserve Bank of India has been one of the most aggressive to tighten liquidity, raising rates nine times since March 2010, including a bigger-than-expected 50-basis-point increase this month.

                      Unitech, which also has a telecoms joint venture with Norway's Telenor, has been linked to a huge telecoms licensing scandal that has weighed on its shares this year.

                      "The realty space over all, the outlook is not too rosy for the foreseeable quarters," said Ambareesh Baliga, chief operating officer at Way2Wealth Securities.

                      "And when there is a double issue, why would one look at buying Unitech? There are other realty stocks if one wants to buy," Baliga said, referring to the ongoing investigation into the telecoms licensing scandal.


                      Unitech's managing director, Sanjay Chandra, and the joint-venture firm Unitech Wireless are among 14 individuals and three companies charged by the CBI of involvement in rigging the grant of telecoms licences in 2007/08, which the CAG said may have cost the government up to $39 billion.

                      Chandra has been held in jail, pending trial. All accused have denied any wrongdoing.

                      Baliga said Unitech shares were rising after underperforming the broader market and that "one should not read much" into it.

                      Unitech shares are down about 49 percent this year, compared with a 10.7 percent drop in the main index and a 26 percent fall in the sector index.

                      PROFIT MISS

                      Unitech, which builds houses as well as offices and other commercial real estate, said consolidated net profit fell to 5.68 billion rupees ($125.7 million) for its fiscal year ended March from 6.75 billion a year earlier, on higher costs.

                      Net sales rose to 31.9 billion rupees from 29.3 billion a year earlier.

                      Analysts on average had expected net profit of 7.18 billion rupees on revenue of 31.1 billion rupees, according to Thomson Reuters I/B/E/S.

                      Unitech said it achieved sales booking of 43.23 billion rupees for the year ended March and has launched more than 6 million square feet since January this year across 16 projects.

                      It entered towns such as Ambala, Rewari and Dehradun in northern India apart from launching projects in its existing cities.

                      It did not report its fourth-quarter figures separately, but a Reuters calculation showed its net profit for the quarter ended March stood at 1.03 billion rupees, 37 percent lower from year earlier, and lower than 1.89 billion rupees analysts had expected.

                      Unitech's larger rival DLF missed analysts' estimates with a 19 percent fall in quarterly profit due to cost rises and warned the central bank's actions to tighten liquidity will likely temper sector growth this fiscal year.

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