Parsvnath Developers Q3 net jumps fourfold to Rs 25 cr

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Realty firm Parsvnath Developers today reported a robust jump of over fourfold in consolidated net profit at Rs 24.90 crore for third quarter ended December.

The city-based real estate developer had a consolidated net profit of Rs 5.42 crore during October-December quarter a year earlier, it said in a filing to the Bombay Stock Exchange.

Consolidated total revenue of the firm rose to Rs 305.28 crore during the third quarter of current financial year from Rs 92.77 crore of the corresponding period last fiscal.

For the nine-month period ended December 2009, Parsvnath posted a consolidated net profit of Rs 100.1 crore compared to Rs 101.2 crore of the same period a year ago.

On a standalone basis, the company's net profit stood at Rs 32.66 crore against Rs 5.33 crore of the year ago quarter.