Unitech reports 48% fall in Q2 net profit

Realty firm Unitech on Thursday reported a 48 per cent fall in consolidated net profit at Rs 25.57 crore for the quarter ended September 30, on higher expenses.

It had posted a net profit of Rs 49.19 crore in the year ago period, Gurgaon-based firm said in a filing with BSE.

However, total income from operations rose by 10 per cent to Rs 595.75 crore during July-September period of the 2013-14 financial year as against Rs 539.82 crore in the corresponding period of the previous year.