Parsvnath Dec qtr net up 26% to Rs 31 cr

Realty firm Parsvnath Developers today reproted a 25.93% jump in its consolidated net profit for the quarter ended December 31, 2010 to Rs 31.37 crore.

The company had posted a net profit of Rs 24.91 crore in the corresponding period previous year, Parsvnath Developers said in a statement.

The consolidated total income during the thrid quarter, however, declined by 26.51% to Rs 224.36 crore from Rs 305.29 crore in the year-ago period, it added.

Reacting to the results, shares of the company were trading 9.85% up at Rs 29 a piece during the late afternoon trade on the Bombay Stock Exchange.