Real estate major - Parsvnath Developers has reported a 28% fall in net profit to Rs 22.54 crore for the quarter ended December 31, 2011. The company had posted a net profit of Rs 31.37 crore for the same quarter last fiscal.
The company’s total revenue, however, increased to Rs 239.62 crore in the quarter under review from Rs 224.35 crore in the year-ago period, a rise of 6.8%.
Parsvnath Developers is one of India’s leading real estate developers founded by Pradeep Kumar Jain. The company has an experience of more than two decades in offering state-of-the-art development and construction.