Unitech, the second largest real estate developer in the country, has posted a sharp decline of 63% in net profit, which fell to Rs 157.77 crore for the quarter ended June 30,
2009 as compared to Rs 423. 31 crore for the quarter ended June 30, 2008.

Further, company's total income has also decreased by 48% to Rs 548.22 crore for the quarter ended June 30, 2009 from Rs 1054.37 crore for the quarter ended June 30,
2008.

On standalone basis, the company has registered a decline of 52.70% in its net profit, which dropped to Rs 142.50 crore for the quarter ended June 30, 2009 as compared to Rs 3,013.10 million for the quarter ended June 30, 2008.

In addition, company's total income has decreased by 45.13% to Rs 4,250.30 million for the quarter ended June 30, 2009 from Rs 7,746.20 million for the same period last year. Shares of the company declined Rs 1.85, or 2.01%, to settle at Rs 90.05. The total volume of shares traded was 16,519,577 at the BSE (Friday).