FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31ST DEC'16

14 February, 2017

Press Release
For Immediate Dissemination

FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31ST DEC'16

Standalone results

Total Income for the Quarter was Rs. 330.68 Crores

Net Profit for the Quarter was Rs. 35.84 Crores

Total Income for the Nine Months was Rs. 955.53 Crores

Net Profit for the Nine Months was Rs. 28.07 Crores

Consolidated results

Total Income for the Quarter was Rs. 414.17 Crore

Net Loss for the Quarter was Rs. 17.47 Crore

Total Income for the Nine Months was Rs. 1296.04 Crores

Net Loss for the Nine Months was Rs. 73.93 Crores

Operational performance

Achieved sales bookings of 2.67 million sq ft valued at Rs. 806 Crores during 9M FY17

Delivered 4.80 million sq ft of completed property during 9M FY17

Gurgaon, 14th Feb 2017: Unitech, India's leading business group involved in large-scale integrated real-estate development and infrastructure projects, today announced its standalone and consolidated financial results for the Quarter and Nine Months ended 31st December 2016. On a Standalone basis, company reported a net profit of Rs. 35.84 Crores during the quarter on a total income of Rs. 330.68 Crores. At a consolidated level, company recorded a total income of Rs. 414.17 Crore with a net loss of Rs. 17.47 Crore for the Quarter.

For the Nine Months ended 31st December 2016, on a standalone basis, total income was Rs. 955.53 Crores and the net profit was Rs. 28.07 Crores. At a consolidated level, total income was Rs. 1296.04 Crores and the net loss was Rs. 73.93 Crores.

The Standalone Earning per Share (EPS) for the Nine Months ended 31st December 2016 stood at Rs. 0.10 on an equity base of Rs. 523.26 Crore. Total paid up capital is represented by 261.63 Crore equity shares of Rs. 2 each.

Announcing the results, Mr. Ajay Chandra, Managing Director, Unitech Ltd. said, "While construction activity at the project sites has been steadily rising due to various measures such as escrow mechanisms put in place by the company, demand for residential product that was already sluggish got further adversely impacted by demonetization. In this uncertain business environment, company’s focus will continue to be on completing the ongoing projects and delivering the finished product to its customers."

He added, "We welcome various measures announced by the Government in the Union Budget for promoting the real estate sector, particularly the affordable housing segment. These measures, combined with the prevailing benign interest rates for home loans, should help revive the demand in the coming months."

Key operational highlights for the Nine Months ended 31st Dec'16 are

• Achieved sales bookings of 2.67 million sq. ft.
• Launched projects totaling an area of 2.08 million sq. ft. during 9M FY17
• Residential sales bookings of 0.47 million sq. ft. valued at Rs. 162 Crores
• Non-residential sales bookings of 2.21 million sq. ft. valued at Rs. 644 Crores
• Total value of Sales bookings is Rs. 806 Crores
• Delivered 4.80 million sq. ft. of completed area.

About Unitech

For more information on the company, please visit www.unitechgroup.com

Forward Looking Statement

This document contains statements about future events and expectations that are forward-looking statements. These statements typically contain words such as "expects" and 'anticipates" and words of similar import. Any statement in this document that is not a statement of historical fact is a forward looking statement that involves known or unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. None of the future projections, expectations, estimates or prospects in this document should be taken as forecasts or promises nor should they be taken as implying any indication, assurance or guarantee that the assumptions on which such future projections, expectations, estimates or prospects have been prepared are correct or exhaustive or, in the case of the assumptions, fully stated in the document. The Company assumes no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.

For any further information please contact:

Priya Kapoor
M: +919910396857
E: priya.kapoor@unitechgroup.com