New Delhi: Real estate company Unitech Ltd announced a total net loss of Rs 1,206 crore in the initial quarter of FY25. In the previous year, the company reported a net loss of Rs 702.97 crore.
According to a regulatory filing, revenue dropped to Rs 84.04 crore in the April-June quarter of this fiscal year from Rs 91.09 crore in the same period of the previous year.
On January 20, 2020, the Supreme Court ordered the immediate removal of the existing Board of Directors of Unitech Ltd in order to allow the new board appointed by the central government to take over management.
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