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Unitech shares tank 6% as Q4 net loss widens

Press Trust of India  |  New Delhi 

Shares of today slumped nearly 6 per cent after the company reported a consolidated net loss of Rs 999.83 crore for the quarter ended March 31, 2018.

The stock plunged 5.97 per cent to settle at Rs 4.88 on BSE. During the day, it dived 6.55 per cent to Rs 4.85.

At NSE, shares of the company tumbled 5.76 per cent to close at Rs 4.90.

In terms of equity volume, 22.25 lakh shares of the company were traded on BSE and over one crore shares changed hands at NSE during the day.

Crisis-hit realty firm today reported a consolidated net loss of Rs 999.83 crore for the quarter ended March 31, 2018, despite higher income.

The Gurugram-based developer had posted a net loss of Rs 290.19 crore in the year-ago period, according to a regulatory filing.

Total income however jumped over two fold to Rs 977.59 crore during January-March, 2017-18 from Rs 480.36 crore in the year-ago quarter.

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

First Published: Tue, June 12 2018. 16:45 IST
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