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Unitech Q3 net loss widens to Rs 103.42 cr

Press Trust of India  |  New Delhi 

Crisis-hit today reported widening of its net loss to Rs 103.42 crore for the quarter ended December on higher expenses.

Its net loss stood at over Rs 17 crore in the year-ago period, the company said in a statement.

Unitech's total income, however, rose to Rs 548.47 crore for the third quarter of this fiscal from Rs 414.16 crore in the corresponding period of the previous year.

Unitech said the company has entered into various agreements to sell certain land parcels.

"We are also pushing for recoveries from state governments of West Bengal, Telangana and Andhra Pradesh," the said.

Unitech said it has raised further working capital in some of its ongoing projects and the company stands committed towards delivering all of its projects to customers.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, February 13 2018. 21:20 IST