Parsvnath Developers 2009 profit at Rs 112.8 crore

Published: June 23, 2009

New Delhi June 22, 2009: 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.

The 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. The EPS for the financial year ended 31st March, 2009 was at Rs. 6.11.

The company launched its first integrated group housing & commercial mall project in Jamnagar to be developed on total land area of 13,200 sq. mtrs.

The company completed Azadpur Metro station which was the first Public Private Partnership Project on BoT basis being awarded by DMRC to a private developer.

The company performed Bhoomi Pujan and launch of affordable housing-”Parsvnath Royale Floors” in Parsvnath City, Lucknow. Tje cp,[amu secired 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.

The company secured contract to develop Buddha Smriti Udhyaan at Patna awarded by Buddha Smriti Udhyaan Development Company Limited (BSUDCL) valued at Rs 125 crore.

Source: Equity Bulls

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