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Unitech's consolidated net profit for Q2 FY09 stood at Rs.358.92 crore, down from Rs.410.12 crore in Q2 FY08 (year on year or YoY decline of 12.48 percent).

During the September quarter, the real estate major's total income also declined 5.90 percent YoY, from Rs.1064.25 crore to Rs.1001.45 crore, with net sales declining 2.99 percent YoY from Rs1013.48 crore to Rs.983.09 crore.

Earnings per share or EPS declined from Rs.2.53 to Rs.2.21.

Segment wise, on a YoY basis, revenues from real estate and construction declined 2.71 percent and 63.95 percent respectively.

However, revenues from consultancy, hospitality and electrical segment rose 28.33 percent, 26.66 percent and 49.14 percent respectively.

On a standalone basis, total income of Unitech rose 58.28 percent YoY from Rs.572.60 crore to Rs.906.33 crore, with net sales rising 59.50 percent from Rs.529.54 crore to Rs.844.65 crore.

Net profit (standalone) also increased 200.93 percent YoY from Rs.138.9 crore to Rs.415.56 crore.

Earnings per share or EPS (standalone) also rose from Rs.0.85 to Rs.2.56.

Commenting on the results, Unitech said investors and customers have shunned real estate sector on concerns of record high property prices and borrowing costs.

"In more and more stimulating business environment the company reoriented the portfolio of a product to the middle - income habitation to raise sales," have told Sanjay Chandra, the operating director, Unitech.

"Keeping an eye on intense conditions of liquidity, the company assigns higher action of its financial resources to predevoted projects," he has told.