Unitech Ltd’s net loss jumps 3 times at Rs 1,316 cr for Q4FY20; full year loss doubles at Rs 1,562 cr
New Delhi: Beleaguered realty player Unitech Ltd’s consolidated net loss jumped more than three times at Rs 1,316 crore for the fourth quarter (Jan-Mar quarter) of the last fiscal as compared to Rs 402 crore in the corresponding period of the previous fiscal (2018-2019).
The total income of the company fell to mere Rs 148 crore in the fourth quarter of the last fiscal as compared to Rs 663 crore in the same quarter of the previous fiscal, it said in a regulatory filing.
The net loss of the company jumped almost two times at Rs 1,562 crore for the whole of fiscal 2019-2020 as compared net loss of Rs 790 crore in the previous fiscal.
The total income, however, increased to Rs 1,764 crore for the whole of fiscal 2019-2020 as compared Rs 1,371 crore in the previous fiscal.