Unitech Q2 net profit seen up 20.54% to Rs 190.19 cr

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Unitech Q2 net profit seen up 20.54% to Rs 190.19 cr

Unitech is to declare its second quarter results. According to CNBC-TV18 estimates, the company’s Q2FY10 net profit is seen up 20.54% from Rs 157.77 crore to Rs 190.19 crore, quarter-on-quarter, QoQ.

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Unitech is to declare its second quarter results. According to CNBC-TV18 estimates, the company's Q2FY10 net profit is seen up 20.54% from Rs 157.77 crore to Rs 190.19 crore, quarter-on-quarter, QoQ.

The company's revenues are seen up 17.9% from Rs 539.96 crore to Rs 636.62 crore, QoQ.

Q2FY10 expectations
* Execution scale up to drive 18% QoQ growth in revenues
* Launched nine residential projects in Q2; sold 40-50% of projects
* Revenues from new launches to start flowing in Q4
* Margins to decline by 700 bps on account of lower asset sales
* Debtors recovered will be key monitorable