- PAT up by 34.5% to Rs.24.3 crores
- EPS increased by 24.6%
- Raised Rs. 73.34 crores through QIP at Rs. 506 per share
- Remodeled and restructured the Major Dhyan Chand stadium in Delhi, making it a world class stadium
- Order book stands at Rs.3770.21 cr
Unity Infraprojects Limited, a leading engineering and construction company with over two decades of experience in diverse areas of infrastructure development announced its unaudited results for the quarter ended 31st Dec, 2009.
During the quarter their net sales increased to Rs. 401.53 crores from Rs 293.96 crore, an increase of 36.65% over the same quarter, last year. At the same their PAT rose by 34.5% to Rs. 24.40 crore from Rs.18.14. The EPS improved by 24.6% to Rs.16.47.
During the quarter under consideration, the company raised Rs. 73.34 crores through QIP, issuing 14,49,476 equity shares of face value, Rs. 10 at Rs. 506/ per share.
During the quarter under consideration, the company bagged a contract of Rs. 1145.88 Crores , in JV with IVRCL Infrastructures & Projects Ltd, for the Construction of a 8.3 km long Tunnel using Tunnel Boring Machine (TBM) from Kapurbawdi to Bhandup Complex. Unity Infraprojects, also bagged a prestigious contract for "Re-development of R.N.Cooper Hospital at Vile-Parle (West), Mumbai" from Municipal Corporation of Greater Mumbai. The contract amounting to Rs. 265.39 Crores is to be completed within 36 months.
Unity Infraprojects has completed the re-modeling and up-gradation of Major Dhyanchand National Stadium in New Delhi well before the fast approaching, FIH World Cup slated to be played from 28th Feb to 13th March 2010. FIH President Mr. Negre has acclaimed the structure as World's Best Hockey Stadium. The revamped Major Dhyanchand National Stadium is the first among the Commonwealth Games venues handed over to Hockey Lovers on Sunday 24th January 2010.
Commenting upon the results Mr. Kishore K. Avarsekar, Chairman, Unity Infraprojects Ltd., said, “Results are in line with our expectations and we are confident of doing better, going forward. We at Unity are delighted to hand over the Major Dhyanchand National Stadium to the nation. The Stadium has been acclaimed by numerous dignitaries as the world’s best hockey stadium. The accolades we received for our work there is a tribute to the commitment of our entire team.”
About Unity Infraprojects Ltd.
Unity Infraprojects Ltd. provides integrated engineering, procurement and construction services for civil construction and infrastructure sector projects. Besides civil construction, the company’s project expertise includes transportation engineering, irrigation, water supply and urban infrastructure projects. Unity is the flagship unit of the Mumbai based KK Group of Companies which has interests across a wide spectrum of businesses such as concrete block manufacturing and quarrying, hospitality and organized retailing industries.
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With an established presence in engineering, irrigation and transportation, Unity is successfully diversifying its business model. Some of the landmark projects done byUnity are Expansion & Modification at Chhatrapati Shivaji International Airport, Mumbai; Millennium Business Park in Navi Mumbai; Mass Housing Projects for DDA in Delhi; New Secretariat Complex in Assam; Tsunami Re-construction Project in Andaman & Nicobar Islands; Jupiter Mills in Mumbai; Nizam Institute of Medical Science in Hyderabad; High Court in Karnataka.
Unity also has presence in real estate and BOT space. The company is ISO 9001-2000, ISO 14001-2004 and OHSAS 18000-2007 certified with accreditation from the ANSI-ASQ National Accreditation board. It has a market capitalization of over Rs.8706 million; and is listed in BSE & NSE.