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Unitech posts 24% decline in net - Views on News from Equitymaster
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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