Net sales during April-June quarter rose by 40.42 percent to Rs 572.57 crore as against Rs 407.74 crore in the corresponding period of last fiscal. The company's finance cost has declined to Rs 5.73 crore from Rs 11.67 crore in the period under review.
    
Unitech achieved sales bookings of 0.67 million sq feet at an average realization of Rs 6722 per square feet. "Total value of sales bookings is Rs 450 crore."
    
"Project execution continued to be the key focus area and the company delivered over a million square feet of completed property during the quarter – highest in any quarter during the last two years. The company has a healthy balance sheet with a net debt to equity ratio of 0.52," Unitech Managing Director Sanjay Chandra said.
    
In line with its revised strategy, Chandra said that the company has commenced construction at a few sites where it plans to launch new projects. "These projects once launched are expected to bolster the sales performance. This strategy will also boost the average price realizations of our projects," he added.

(Agencies)

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