Company Profile For Parsvnath Developers Limited

Parsvnath Developers Limited (PARV.BO) (Bombay Stock Exchange)

sector: Financials · industry: Real Estate Operations ·

As of 3:50pm IST

111.85INR

Price Change

+0.45

Percent Change

+0.40%

Analyst Recommendations

Overview

Parsvnath Developers Limited is an India-based company. The Company is engaged in the business of promotion, construction and development of integrated townships, residential and commercial complex, multistoried buildings, flats, houses, apartments, shopping malls, information technology (IT) parks, hotels and special economic zones (SEZs). The Company is developing 16 integrated townships with 69.85 million square feet saleable area spread across 15 cities. The subsidiaries of the Company include Parsvnath SEZ Limited, Parsvnath Hotels Limited, Parsvnath Retail Limited and Parsvnath Landmark-Developers Private Limited.

Quick Financial Synopsis

BRIEF: For the six months ended 30 September 2009, Parsvnath Developers Limited's revenues decreased 47% to RS3.19B. Net income decreased 22% to RS752.4M. Revenue reflects a decrease in income from operations and lower other operating income. Net income was partially offset by a significant fall in cost of construction, a significant fall in employee costs, a decrease in depreciation expenses and lower other expenditure of the company.