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Parsvnath faces deep slump amid economic low

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The twisting realty with economic fluctuation has made an immense effect on many realty giants of the country. Source reported at www.propertykhazana.com reveals that leading realty group Parsvnath Developers has cited their quarterly balance report with the 89.12 percent fall for the net profit amounting around Rs 11.61 crore. The calculation of the same term during the last year’s calculations was noted nearly Rs 106.86 crore as per the record of Bombay Stock exchange.
As per the source available at www.propertykhazana.com, the count of net profit for the current quarter has come down to just Rs 19.96 crore as compared to the last year’s mark of Rs 506.78 crore for the same financial instances. Counting on year to year basis the Parsvnath Developers had recorded a net profit of around Rs 113 crore as compared to that of Rs 425 crore for the same period of last year.
With this the revenue of the company goes down by Rs 710.62 crore for the last ending fiscal term which was at Rs 1802.47 as marked for the last financial year. Coming to the standalone basis, the company has depicted net profit touching Rs 13.55 crore for the March quarter which was higher with Rs 108.87 crore for the last reading of past fiscal year. In addition to this revenue of the company slashed down to Rs 72.05 crore for the March quarter recorded much lower than that of Rs 534.14 crore marked for last financial term. For more and latest realty updates visit www.propertykhazana.com.
Source: NBTVLIVE

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