Unitech Q1 PAT seen down 22% at Rs 76.9 crore

NEW DELHI: Unitech Ltd will be announcing its quarterly results on Tuesday. The company is expected to post a net profit of Rs 76.9 crore for the quarter ended June 2012, down 22 per cent, against a net profit of Rs 98.4 crore in the previous quarter of the last fiscal (YoY), weighed down by high interest costs and limited launches, according to ET Now estimates.

The real estate company, which is scheduled to announce its first quarter results later today, is likely to report 4 per cent slump in its net sales figures to Rs 623 crore, from Rs 596 crore in the corresponding period of last year.

Earnings before interest, taxes, depreciation and amortization(EBITDA), the operations profitability measure of the company, are expected to increase by 4 per cent to Rs 125 crore as against Rs 120 crore in the previous quarter.

Margins for the company are seen at 20 per cent compared to 20.10 per cent in the corresponding quarter of the last year.

Things to watch out for:

Limited launches by company in Q1

Company currently focusing on execution rather than launches

Expect 1. 7 - 1.8 mn sq feet of sales to be booked in Q1

Management sees traction to improve from 2HFY13

Interest cost to hit profits