Parsvnath Developers Q3 net profit down 28%

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SummaryThe company had posted a net profit of Rs 31.37 crore for the same quarter last fiscal.

Real estate major Parsvnath Developers today reported a 28 per cent decline in net profit to Rs 22.54 crore for the quarter ended December 31, 2011.

The company had posted a net profit of Rs 31.37 crore for the same quarter last fiscal.

Its total revenue, however, increased to Rs 239.62 crore in the quarter under review from Rs 224.35 crore in the year-ago period, a rise of 6.8 per cent.

The company's shares closed at Rs 61.95 apiece on the BSE today, down 1.2 per cent from their previous close.

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