Parsvnath Developers reports standalone net profit of Rs 17.86 crore in the March 2016 quarter

Sales decline 75.32% to Rs 64.33 crore

Net profit of Parsvnath Developers reported to Rs 17.86 crore in the quarter ended March 2016 as against net loss of Rs 122.41 crore during the previous quarter ended March 2015. Sales declined 75.32% to Rs 64.33 crore in the quarter ended March 2016 as against Rs 260.70 crore during the previous quarter ended March 2015.

For the full year,net profit reported to Rs 4.72 crore in the year ended March 2016 as against net loss of Rs 87.66 crore during the previous year ended March 2015. Sales declined 57.35% to Rs 305.80 crore in the year ended March 2016 as against Rs 716.98 crore during the previous year ended March 2015.

ParticularsQuarter EndedYear EndedMar. 2016Mar. 2015% Var.Mar. 2016Mar. 2015% Var.Sales64.33260.70 -75 305.80716.98 -57 OPM %18.8159.46 -16.2841.43 - PBDT-4.55128.67 PL -17.67190.32 PL PBT-6.90125.63 PL -27.26186.41 PL NP17.86-122.41 LP 4.72-87.66 LP

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