Moneycontrol
Get App
Last Updated : Feb 13, 2013 01:06 PM IST | Source: Moneycontrol.com

Unitech Q3 net profit seen up 43% QoQ to Rs 70 cr

Realty firm Unitech, which is in the eye of a fresh storm relating to the 2G scam investigation, is expected to report third quarter revenues of Rs 602 crore, compared with Rs 539.8 crore in the second quarter.

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Moneycontrol Bureau 


Realty firm Unitech, which is in the eye of a fresh storm relating to the 2G scam investigation, is expected to report third quarter revenues of Rs 602 crore, compared with Rs 539.8 crore in the second quarter. Operating profit or EBITDA is estimated at Rs 100.5 crore, versus Rs 81.7 crore in the preceding quarter. Quarterly net profit is seen at Rs 70 crore versus Rs 49.1 crore. 


According to the poll, revenue booking is expected to improve slightly, but year-on-year profit growth will be flat as there were no major launches last quarter. Analysts see no major concerns on refinancing of its Rs 1500 crore FY13 repayment obligation. However, execution of projects will be key to revenue and profit growth, analysts say. 


The stock had plunged 18 percent on Tuesday after a Network 18 report that exposed the alleged collusion between the CBI prosecutor and Unitech boss Sanjay Chandra in the ongoing investigation into the 2G scam.



Exclusive offer: Use code "BUDGET2020" and get Moneycontrol Pro's Subscription for as little as Rs 333/- for the first year.

First Published on Feb 13, 2013 08:53 am
Sections
Follow us on