Unity Infraproject's Financial Performance and Expansion Plan
Unity Infraproject has disclosed its financial outcomes for the fiscal year ending 2008. The company achieved a profit after tax (PAT) for FY2008, reaching Rs 600 million, marking a significant increase of 42% from the Rs 423 million posted in FY2007. Furthermore, the earnings per share (EPS) for the year stood at Rs 44.9, reflecting a 36% growth from Rs 32.9 observed in FY2007.
The present order book composition includes 56% government sector orders and 44% private sector orders, with a total value of Rs 30224.6 million as of May 2008.
To spread its wings across real estate and infrastructure, Unity Infraproject has embarked on new ventures in three major cities, namely Pune, Nagpur, and Goa. This ambitious geographic expansion is being executed through a subsidiary wholly owned by the company, in collaboration with BSEL Infrastructure.
Looking ahead, Unity Infraproject is setting its sights on sustained, profitable growth, with a clear strategic direction to boost both its topline and bottomline by over 40% in the ensuing years. The company anticipates that its order book in March 2009 will escalate by more than 50% compared to March 2008.
Unity Infraproject is also strategically concentrating on large-scale projects. A recent achievement includes securing an on-road project with a value of Rs 250 crore, enhancing its portfolio in Delhi.