The Q4 result was announced after market hours on Tuesday, 28 May 2013.
Meanwhile, the S&P BSE Sensex was down 102 points or 0.51% at 20,058.82.
On BSE, 29,000 shares were traded in the counter as against average daily volume of 1.10 lakh shares in the past one quarter.
The stock hit a high of Rs 35.40 and a low of Rs 34.65 so far during the day. The stock had hit a 52-week high of Rs 62.45 on 29 June 2012. The stock had hit a 52-week low of Rs 31.55 on 15 April 2013.
The stock had underperformed the market over the past one month till 28 May 2013, sliding 0.58% compared with the Sensex's 4.53% rise. The scrip had also underperformed the market in past one quarter, sliding 20.32% as against Sensex's 6.89% gain.
The small-cap real estate developer has equity capital of Rs 217.59 crore. Face value per share is Rs 5.
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Parsvnath Developers' consolidated operating revenue declined 16.89% to Rs 182 crore in Q4 March 2013 over Q4 March 2012. Earnings before interest, depreciation, taxation and amortization (EBITDA) rose 20.37% to Rs 130 crore in Q4 March 2013 over Q4 March 2012. EBITDA margin significantly jumped to 71% in Q4 March 2013, from 50% in Q4 March 2012.
Parsvnath Developers' consolidated net profit rose 5.79% to Rs 73 crore on 28.95% decline in operating revenue to Rs 643 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012). EBITDA declined 8.03% to Rs 458 crore in FY 2013 over FY 2012. EBITDA margin galloped to 71% in FY 2013, from 55% in FY 2012.
Mr. Pradeep Jain, Chairman, Parsvnath Group said that the company is in the process to launch its integrated township project spread over 104 acres of land in Sohna. The company is also on the verge of starting execution at its K G Marg property. Earlier, the company was planning to monetize it but due to anticipated improvement in cash flow in the near future and tremendous response from investor community, the company is planning to develop a world class retail and office space in about 1.2 acres of land at K G Marg. The company has already received all the required approvals from various authorities, Mr. Jain added.
Parsvnath Developers is a real estate firm. It is currently working on 50 projects with a total area of 76.3 million square feet (msf). The company's business portfolio includes residential, commercial (office and retail), DMRC projects, hotels, SEZs and IT parks.
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