Parsvnath Q4 net loss widens

New Delhi, May 28, 2015

Real estate company Parsvnath Developers Ltd’s net loss widened by more than six times at Rs.140.90 crore for the fourth quarter of financial year 2014-15, the company said in a statement on Monday. It had posted Rs.22.84 crore loss in the corresponding quarter in 2013-14. The total income from operations for the quarter more than doubled at Rs.267.31 crore against Rs.90.17 crore in the last quarter of 2013-14.

For the full financial year 2014-15, it has posted a loss of Rs.107.66 crore. The company had posted net profit of Rs.16.22 crore in fiscal 2013-14. The total income from operations was Rs.762.52 crore for the year ended March 31, 2015, an increase of 36 per cent compared with Rs.560.81 crore in 2013-14

Business Line