Unitech, real estate developer in India, witnessed a sharp fall in share price on Thursday after it swung to a loss for the quarter ended September 2014. During the quarter, the company reported consolidated loss of Rs 146.99 million compared with a profit of Rs 255.75 million in the same quarter last year.

Net sales for the quarter declined 35.59% to Rs 3,837.30 million, compared with Rs 5,957.59 million for the prior year period.

Shares of the company are trading at Rs 20.05, down Rs 1, or 4.75% at the Bombay Stock Exchange (BSE) on Thursday at 12:02 p.m.

The scrip has touched an intra-day high of Rs 20.40 and low of Rs 19.60. The total volume of shares traded at the BSE is 4,904,206.