Unity Infraproject has announced it’s FY08 results. Unity Infra project’s profit after tax (PAT) for FY2008 stood at Rs 600 million, up 42% from Rs 423 million in FY2007. EPS for FY2008 was Rs 44.9 versusRs 32.9 in FY2007, a growth of 36%.
Out of the current order book, 56% pertains to government and 44% to private sector. The current order book as on May 2008 is at Rs 30224.6 million.
In order to diversify across real estate and infrastructure development, the company has initiated real estate projects across 3 cities through a wholly owned subsidiary.
The real estate projects are across Pune, Nagpur and Goa all in JV with BSEL Infrastructure.
Going forward, the company expects continued rapid and profitable growth – targeting topline and bottomline growth of more than 40% over the next couple of years.
The order book in March 2009 is expected to grow by more than 50% over that of March 2008.
Company is increasingly focusing on bigger ticket projects. It recently bagged on road project worth Rs 250 crore.
