Unitech has reported a 52% decline in its net profit at Rs360.28 crore for the quarter ended March 2008, against Rs747.96 crore in the year-ago period.
The total consolidated income for the January-March quarter declined by 26% at Rs1,197.13 crore, compared to Rs1,627.29 crore in the same period last fiscal.
However, for the financial year ended March 2008, the company’s net profit rose by 27% at Rs1,661.86 crore from Rs1,305.83 crore in the previous fiscal.
Total income increased 26% at Rs4,280.11 crore in 2007-08 as compared to Rs3,388.09 crore in the previous fiscal.
The board, in its meeting held today, recommended a dividend of 12.5% for 2007-08 fiscal.
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