Unitech fares well

New Delhi, Feb. 13: Real estate major Unitech today reported a 52.43 per cent jump in consolidated net profit at Rs 84.17 crore for the third quarter ended December 31 on higher sales realisation and lower finance cost.

The company had posted a net profit of Rs 55.22 crore in the year-ago period.

Total income from operations rose over 25 per cent to Rs 644.72 crore during the quarter against Rs 514.22 crore in the corresponding period of the previous fiscal.

Finance cost during the quarter declined to Rs 8.4 crore from Rs 27.05 crore in the year-ago period.

Unitech's consolidated net debt stood at Rs 5,421 crore as on December 31, 2012. Net debt to equity ratio was 0.45, which the company said was one of the lowest in the industry.

NMDC disappoints

National Mineral Development Corporation (NMDC) has reported a 30 per cent drop in net profit at Rs 1,293 crore for the December quarter against Rs 1,859 crore in the same period of the previous year on lower production and subdued market conditions during the quarter.

Turnover fell 27 per cent to Rs 2,048 crore from Rs 2,822 crore in the corresponding period last year.

Eveready show

Eveready Industries India has posted a standalone net profit of Rs 1.79 crore for the third quarter ended December against a net loss of Rs 4.84 crore in the corresponding period a year ago.

Net sales of the B.M. Khaitan firm rose 3.82 per cent to Rs 263.56 crore from Rs 253.84 crore last year. Total income from operations stood at Rs 263.79 crore against Rs 254.19 crore last year.

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