Unitech Reports December 2024 Results Highlighting Profit Growth Amid Sales Decline

Unitech, a small-cap player in the construction and real estate industry, has recently reported its financial results for the quarter ending December 2024. The results, declared on February 13, 2025, indicate a notable shift in the company's evaluation, with its score adjusting from 2 to 1 over the past three months.
The financial data reveals some positive aspects for Unitech. The Profit Before Tax (PBT) reached its highest level in five quarters at Rs -750.56 crore, suggesting a favorable near-term trend. Similarly, the Profit After Tax (PAT) also peaked at Rs -577.14 crore, indicating a positive trajectory in profitability. Earnings per Share (EPS) improved to Rs -2.21, reflecting an increase in earnings for shareholders. Additionally, cash and cash equivalents stood at Rs 447.51 crore, marking an improvement in short-term liquidity.

Conversely, the company faced challenges, particularly in net sales, which fell to Rs 73.72 crore, a decline of 36.4% compared to the average of the previous four quarters. This negative trend in sales raises concerns about sustainability. Furthermore, while non-operating income reached its highest level in five quarters at Rs 30.75 crore, reliance on such income may not be a stable source for the future.

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