Unitech Q2 net profit down 48% at Rs 26 crore

Company posted a net profit of Rs 49 crore in the year ago period

Realty firm Unitech today reported 48% 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% 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.