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| Parsvnath Developers announces Annual Results for FY09 |
| Announcemenmt / Corporate Jun 22, 2009, 20:11 IST |
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Parsvnath Developers Limited (PDL), one of India’s leading real estate and infrastructure companies, today reported total revenue for the fourth quarter ended 31st March, 2009 stood at Rs. 76.18 crore, Profit after tax was at Rs. 13.55 crore and EBIDTA for Q4 FY09 was at Rs. 39.65 crore.
Consolidated total revenue for the financial year ended March 31, 2009 stood at Rs. 729.21 crore, consolidated profit after tax was at Rs. 112.8 crore and EBIDTA was at Rs. 238.47 crore. EPS for the financial year ended 31st March, 2009 was at Rs. 6.11.
Operational/Business Highlights of fourth quarter
- Launched its first integrated group housing & commercial mall project in Jamnagar to be developed on total land area of 13,200 sq. mtrs.
- Completion of Azadpur Metro station which was the first Public Private Partnership Project on BoT basis being awarded by DMRC to a private developer.
- Bhoomi Pujan and launch of affordable housing-“Parsvnath Royale Floors” in Parsvnath City, Lucknow.
- Contract for construction of Station Box valued at Rs 29.5 crore at the Dhaula Kuan metro station which will connect Connaught Place to the International Airport. The project is scheduled to be completed within a period of 15 months.
- Contract to develop Buddha Smriti Udhyaan at Patna awarded by Buddha Smriti Udhyaan Development Company Limited (BSUDCL) valued at Rs 125 crore.
About Parsvnath Developers Limited:
Parsvnath Developers Limited (PDL) is one of India’s leading real estate developers with a pan-India presence spread over 48 cities and 16 states, across key verticals in the real estate sector. The company has a developable area of over 193 million sq. ft.
PDL has a track record of timely delivery of projects. Projects are constructed with in-house delivery teams which add to the company’s capability of timely delivery and quality. PDL has a diversified portfolio of real estate development projects including Integrated Townships, Residential Projects and Commercial Complexes such as shopping malls, multiplexes, hotels, IT parks, BOT Projects and SEZs. It has successfully completed 14 Residential, 12 Commercial, 7 DMRC Projects and 4 Plotted Integrated Townships.
For more details please visit www.parsvnath.com
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