Unitech Limited has posted a 24% decline in net even as topline grew by 27% during the quarter ended 31st December 1999. The company has suffered from an erosion in operating margins and a sharp rise in interest and depreciation expenditures. However, the decline in tax expenditure has limited the decline in profits.
(Rs m) | 3QFY2000 | 3QFY1999 | Change |
Net Sales and other income | 531.5 | 418.3 | 27.1% |
Total Expenditure | 452.4 | 332.0 | 36.3% |
Interest | 41.7 | 31.8 | 31.1% |
Depreciation | 7.1 | 5.3 | 34.0% |
Profit before Tax | 30.3 | 49.2 | -38.4% |
Tax | 3.5 | 14.0 | -75.0% |
Profit after Tax/(Loss) | 26.8 | 35.2 | -23.9% |
Net profit margin (%) | 5.0% | 8.4% |
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For the quarter ended March 2019, UNITECH has posted a net profit of Rs 4 bn (up 63.4% YoY). Sales on the other hand came in at Rs 3 bn (down 70.8% YoY). Read on for a complete analysis of UNITECH's quarterly results.
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