Unity InfraProjects Income from Operation up by 15%
- Income from Operation for nine months period increased by 15.03% to Rs 1,131.23 Cr.
- PAT for nine months period increased by 7.85% to Rs 63.54 Cr.
- Company Order book as on 31st December 2010 Rs Cr.
Unity Infraprojects Ltd., (BSE: 532746), one of India’s major civil contracting firms, is pleased to announce its unaudited financial result with a 7.85% rise in profit at Rs 63.54 Cr for the nine months period ended on 31st December 2010, as compared to Rs 58.91 Cr in the corresponding period of the previous year.
Income from operation has increased by 15.03% when compared with corresponding period of the previous year, to Rs 1,131.23 Crores for the nine months period ended December 31, 2010 from Rs 983.42 Crores for the nine months period ended December 31, 2009.
| Highlights (Nine months) | |||
| Nine months ended 31.12.2010 (Rs. Cr.) | Nine months ended 31.12.2009 (Rs. Cr.) | Growth % | |
| Income from Operation | 1,131.23 | 983.42 | 15.03 |
| PAT | 63.54 | 58.91 | 7.85 |
| EPS (in Rs.) | 8.58 | 8.82 | |
| *One Equity Share of Rs 10/- split into 5 Equity Shares of Rs 2/- each w.e.f. 09/04/2010. | |||
For the quarter ended December 31, 2010, Unity Infraprojects’ PAT decreased by 7.74 % to Rs 22.50 Cr for the quarter ended on 31st December 2010, as compared to Rs 24.39 Cr in the corresponding quarter of the previous year. Income from operation has increased by 10.90 % when compared with corresponding quarter of the previous year, to Rs 445.32 Crores for the quarter ended December 31, 2010 from Rs 401.52 Crores for the quarter ended December 31, 2009.
| Highlights of Q3FY11 | |||
| Qtr. ended 31.12.2010 (Rs. Cr.) | Qtr. ended 31.12.2009 (Rs. Cr.) | Growth % | |
| Income from Operation | 445.32 | 401.52 | 10.9 |
| PAT | 22.5 | 24.39 | -7.74 |
| *EPS (in Rs.) | 3.04 | 3.65 | |
| *One Equity Share of Rs 10/- split into 5 Equity Shares of Rs 2/- each w.e.f. 09/04/2010. | |||
The total order book for the company as on December 31, 2010 stands at Rs 3572 Crores.
Orders bagged in the Quarter:
- The Construction of Lecture Theatre Block & laboratory Complex at IISER Campus, Pune, by the Indian Institute of Science Education and Research, Pune, the contract value is Rs.89 crores.
- Construction of Tower 2010 near Tower 2000 at Industrial Estate, Mancheswar, Bhubaneswar, Orissa by 'Orissa Industrial Infrastructure Development Corporation (IDCO)' Bhubaneswar, the order value is Rs.69.15 crores.
- Construction of SEZ Project (IT Park) (2 Basement Floor+10 Storeys) with Green Building Norms by Kumar Builders Township Ventures Pvt. Ltd, Hinjewadi, and the contractual amount is Rs.41.96 crores.
- Construction of Three Towers (B1, B2,B3) of Slim Fit Housing by M/s. Flagship Infrastructure (P) Ltd., Hinjewadi, Pune and the said project is of the value of Rs.24.47 crores.
- Construction of Houses including internal Sanitary and internal Electrical works and related external works in the Township of Rail Coach Factory at Lalganj, Raebareli by 'Rail Coach Factory-Lalganj, Raebareli, Ministry of Railways, through IRCON and the whole project is of the value of a whopping Rs.144.96 crores.
Commenting on the results, Mr. Abhijit K. Avarsekar, Vice Chairman and Managing Director , Unity Infraprojects Ltd. said, “We are pleased with our performance in the current quarter. The amount of orders bagged this year has contributed to our robust order book position. We are thankful to all our stakeholders for their continuous support and hope to receive the same in future.”
About Unity Infraprojects Ltd
Unity Infraprojects Ltd. provides integrated engineering, procurement and construction services for civil construction and infrastructure sector projects. Besides civil construction, the company’s project expertise includes transportation engineering, irrigation, water supply and urban infrastructure projects. Unity is the flagship unit of the Mumbai based KK Group of Companies which has interests across a wide spectrum of businesses such as concrete block manufacturing and quarrying, hospitality and organized retailing industries.
With an established presence in engineering, irrigation and transportation, Unity is successfully diversifying its business model. Some of the landmark projects done by Unity are Expansion & Modification at Chhatrapati Shivaji International Airport, Mumbai; Millennium Business Park in Navi Mumbai; Mass Housing Projects for DDA in Delhi; New Secretariat Complex in Assam; Tsunami Re-construction Project in Andaman & Nicobar Islands; Jupiter Mills in Mumbai; Nizam Institute of Medical Science in Hyderabad; High Court in Karnataka.
Unity also has presence in real estate and BOT space. The company is ISO 9001-2000, ISO 14001-2004 and OHSAS 18000-2007 certified with accreditation from the ANSI-ASQ National Accreditation board. It has a market capitalization of approximately Rs. 460 crore; and is listed in BSE & NSE.