Unity Infra Q1 net up to Rs 19.58 crore

Mumbai, Aug 16: Infrastructure developer, Unity Infraprojects has posted a net profit of Rs 19.58 crore in the June 30 quarter as against Rs 19.51 crore in the year-ago period. The company's total income for the period stood at Rs 376.03 crore, up 10.66 per cent as compared to Rs 339.79 crore in Q1 FY11.

"Given the current scenario and number of orders bagged in this fiscal, we are optimistic to transcend our stake-holder's expectation," Vice Chairman and Managing Director, Abhijit Avarsekar, said in a statement issued here today.

During the quarter, Unity bagged orders worth Rs 530.73 crore. The company's total order book as of August 16 stands at Rs 3,478 crore, the release said. The Earning Per Share for the quarter rose to Rs 2.65 from Rs 2.63 in corresponding quarter of previous year.

PTI