Unitech shares end over 3 per cent lower on weak quarterly numbers

MUMBAI: Shares of realty firm Unitech today fell by over 3 per cent after it reported Rs 51.55 crore consolidated loss for the quarter ended March.

The realty firm's scrip ended at Rs 27, down 3.40 per cent on the BSE. In intra-day, it fell by 5 per cent to Rs 26.55. At the NSE, Unitech's stock settled at Rs 27.05, a loss of 3.05 per cent.

In terms of volume, 88.22 lakh shares of the company changed hands at the BSE, while over 8 crore shares were traded at the NSE during the day.

Unitech had yesterday reported Rs 51.55 crore consolidated loss for the quarter ended March, dragged down by the provision to write off Rs 103.02 crore investment in its erstwhile telecom business. It posted a net profit of Rs 30.33 crore in the year-ago period, Unitech had said in a statement.

However, net sales increased by 22 per cent to Rs 1,033.31 crore in the fourth quarter of last fiscal against Rs 848.25 crore in the corresponding period of previous year.