- Income from Operation for year ended 31st March 2011 rises by 16% to Rs. 1,772.20 Cr.
- PAT is up by 12% to Rs. 96.03 Cr.
- The Company has bagged three orders worth Rs. 143.71cr
- Company Order book as of today stands at Rs. 3501.00 Cr.
Unity Infraprojects Ltd., (BSE: 532746), one of India’s major civil contracting firms, is pleased to announce its audited financial result with PAT at Rs. 96.03 Cr for the financial year ended on 31st March, 2011, as compared to Rs. 85.62 Cr previous year showing a rise of 12%.
Income from operation has increased by 16% to Rs. 1,772.20 Cr. for the year ended March 2011 compared to Rs. 1,525.45 Cr for year ended March 2010.
The Board of Directors have recommended dividend of Re. 1/- on shares of Rs. 2/- Face Value.
| Annual Consolidated Highlights | |||
| Year ended 31.03.2011 (Rs. Cr.) | Year ended 31.03.2010 (Rs. Cr.) |
Growth % | |
| Income from Operation | 1,772.20 | 1,525.45 | 16% |
| PAT | 96.03 | 85.62 | 12% |
| EPS (in rs.) |
12.96* | 11.56 | |
| *One Equity share of Rs. 10/- was split into 5 equity shares of Rs. 2/- each w.e.f. 09-04-2010 | |||
For the quarter ended March 31, 2011, Unity Infraprojects’ PAT went up by 11% to Rs. 30.69 Cr as compared to Rs. 27.66 Cr in the corresponding quarter of the previous year. Income from operation has increased by 16 % when compared with corresponding quarter of the previous year, to Rs. 570.28 Cr for the quarter ended March 31, 2011 from Rs. 493.34 Cr for the quarter ended March 31, 2010.
| Q4FY11 Highlights | |||
| Qtr. ended 31.03.2011 (Rs. Cr.) | Qtr. ended 31.03.2010 (Rs. Cr.) | Growth % | |
| Income from Operation | 570.28 | 493.34 | 16% |
| PAT | 30.69 | 27.66 | 11% |
| EPS (in rs.) | 4.14 | 3.73 | |
| The total order book for the company as on today stands at Rs. 3501.00 Crores. | |||
The company has received today three orders in all worth Rs. 143.71cr.
The first order is by Nagpur Municipal Corporation for concrete pavement of city roads in Nagpur. The project value is Rs. 77.50 cr and is to be completed within 24 months.
The second order is for construction of Hostel Block-II, 2 Nos, of Faculty Housing and Director's Bunglow in the premises of IISER, Pune, by the Indian Institute of Science Education and Research, Pune and the said project is to be completed within a period of 24 months. The awarded contract value is Rs. 60.00 crores.
The third order is also by Indian Institute of Science Education and Research, Pune for construction of RCC Storm water drain, service ducts, Road, entrance gate and security Cabin at IISER Pune. The said project is to be completed within a period of 5 months. The contract value is Rs. 6.21 cr.
Other orders bagged in the Quarter:
- Order is for construction of IRDA office complex from Andhra Pradesh Industrial Infrastructure Corporation Ltd worth Rs. 57.05 Crores.
- Order for construction of new Buildings from Ministry of Earth Sciences worth Rs. 32.24 Crores.
- Order for two-laning of road section from Chomu to Mahal via Renwal, Jobner from Public Works Department, Jaipur worth Rs.198.crores.
Commenting on the results, Mr. Abhijit K. Avarsekar, Vice Chairman and Managing Director, Unity Infraprojects Ltd. said, “I am pleased to note that Unity has emerged stronger in FY 2010-11 and is expecting strong demand environment across our industry verticals. Recently bagged orders have strengthened our PAN India presence helping us expand our revenue and profit base. We hope to see better numbers in the next quarter and also expect to deliver maximum growth value to our investors.”
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 9001-2008, 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. 509 crore; and is listed in BSE & NSE.
