Real estate firm Parsvnath Developers today reported a net profit of Rs 13.81 crore for the first quarter ended June 30, a 81 per cent decline over the corresponding period a year ago. The company had posted a net profit of Rs 73.96 crore in the same period last fiscal.
Total revenue of the realty firm halved to Rs 115.20 crore at the end of the June quarter, from Rs 376.42 crore in the corresponding period a year ago, Parsvnath said.
Shares of Parsvnath closed at Rs 117.35, up 1.78 per cent over previous close on the BSE.