Chennai: Crisis-hit Unitech Ltd has reported a consolidated net loss of Rs 790.83 crore during the last fiscal.
The Gurugram-based developer said in a regulatory filing that it had posted a net loss of Rs 1,263.86 crore in the previous fiscal.
Total income declined to Rs 1,371.04 crore during the last fiscal from Rs 1,961.32 crore in the 2017-18. Finance cost increased to Rs 584 crore during the period under the review from Rs 319 crore a year ago.
In its footnote, the auditor said because of the company huge losses and default in repayments to its lenders – these conditions indicate ‘the existence of material uncertainly that may cast significant doubt about the company’s ability to continue as a going concern’.
The going concern is ‘critically dependent upon the company’s ability to raise finance and generate cash flows in future to meet its obligation’, it said.