Its net profit stood at Rs 13 crore in the year-ago period, Parsvnath Developers said in a regulatory filing.
Revenue dropped Rs 75 crore during July-September period this fiscal from Rs 256 crore in the corresponding period of the previous year.
Chairman Pradeep Jain said that the company expects to witness an increase in the real estate transactions in the third quarter of the 2015-16 fiscal on the lowering of interest rates on home loans and festival season.
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