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 Corporate Results - Real Estate & Construction
Parsvnath Q2 net soars 106%

New Delhi, Oct. 31

Parsvnath Developers Ltd has reported an increase of 105.9 per cent in its net profit for the second quarter ended September 30, 2007. Its net profit surged to Rs 100.73 crore from Rs 48.92 crore in the corresponding period last year. The company's net sales also grew 38.99 per cent to Rs 407.72 crore from Rs 293.33 crore. Commenting on the company's performance and future plan, Mr Pradeep Jain, Chairman, said: "With a significant increase in both consolidated revenues and net profit for the quarter, we are extremely happy with our performance in this quarter and expect to continue showing an upward trend in the coming quarters. This quarter was also very significant for us as we launched our project `Prideasia' at Chandigarh." - Our Bureau

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