ALPHA TRIBE

Unitech LimitedResults, 14-02-2025: Integrated Filing- Financial

14-02-2025 | 12:40 pm

Unitech Limited has announced a board meeting to discuss the unaudited financial results for the quarter and nine months ended December 31, 2024. The company reported a total income of ₹254.85 crore, with significant losses of ₹419.33 crore for the period, illustrating ongoing financial challenges. The company's liabilities, particularly regarding public deposits and bank loans, continue to escalate, amounting to ₹10,207.76 crore as of the most recent reporting, which raises concerns about liquidity and overall financial stability. The development suggests a sustained negative sentiment among investors, highlighting potential risks related to Unitech's operational viability and ongoing court proceedings affecting its resolution framework.

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