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Parsvnath Q1 net profit flat at Rs 4.58 crore

Its net profit stood at Rs 4.64 crore in the year-ago period

Press Trust of India  |  New Delhi 

Realty firm Developers Ltd on Saturday reported a marginal decline in net profit at Rs 4.58 crore for the quarter ended June on lower sales.

Its net profit stood at Rs 4.64 crore in the year-ago period, the company said in a regulatory filing.

Income from operations fell to Rs 86.65 crore during the first quarter of the current financial year, from Rs 134.18 crore in the year-ago period.

"The real estate sector still needs to gain consistent momentum. Though there has been an uptick in commercial real estate but the residential segment is witnessing a slow but steady demand," Developers Chairman Pradeep Jain said.

is developing 45 projects having 53.47 million sq ft of developable area.

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Parsvnath Q1 net profit flat at Rs 4.58 crore

Its net profit stood at Rs 4.64 crore in the year-ago period

Its net profit stood at Rs 4.64 crore in the year-ago period
Realty firm Developers Ltd on Saturday reported a marginal decline in net profit at Rs 4.58 crore for the quarter ended June on lower sales.

Its net profit stood at Rs 4.64 crore in the year-ago period, the company said in a regulatory filing.

Income from operations fell to Rs 86.65 crore during the first quarter of the current financial year, from Rs 134.18 crore in the year-ago period.

"The real estate sector still needs to gain consistent momentum. Though there has been an uptick in commercial real estate but the residential segment is witnessing a slow but steady demand," Developers Chairman Pradeep Jain said.

is developing 45 projects having 53.47 million sq ft of developable area.
image
Business Standard
177 22

Parsvnath Q1 net profit flat at Rs 4.58 crore

Its net profit stood at Rs 4.64 crore in the year-ago period

Realty firm Developers Ltd on Saturday reported a marginal decline in net profit at Rs 4.58 crore for the quarter ended June on lower sales.

Its net profit stood at Rs 4.64 crore in the year-ago period, the company said in a regulatory filing.

Income from operations fell to Rs 86.65 crore during the first quarter of the current financial year, from Rs 134.18 crore in the year-ago period.

"The real estate sector still needs to gain consistent momentum. Though there has been an uptick in commercial real estate but the residential segment is witnessing a slow but steady demand," Developers Chairman Pradeep Jain said.

is developing 45 projects having 53.47 million sq ft of developable area.

image
Business Standard
177 22

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