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(01/12/2025 09:50)

Parsvnath Developers posts Q2 net loss of Rs 58.59 cr

The company reported standalone net loss during the quarter stood at Rs 58.59 crore as compared to net loss of Rs 55.41 crore in the previous year quarter.

Net revenue of the company rose moderately by 9.19 per cent at Rs 18.29 crore in July-September quarter of this fiscal as against Rs 16.75 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 7.75 per cent to Rs 26.05 crore from Rs 28.24 crore in year ago period.

Other Income dipped by 25.19 per cent at Rs 0.98 crore versus (Sep'24 Rs 1.31 crore).

Operating Profit slipped by 32.46 per cent to Rs -7.76 crore as against Rs -11.49 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 38.16 per cent in September quarter.

Interest grew by 12.84 per cent y-o-y to Rs 50.17 crore
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