Real estate company Parsvnath Developers Ltd’s net loss widened by more than six times at ₹140.90 crore for the fourth quarter of financial year 2014-15, the company said in a statement on Monday. It had posted ₹22.84 crore loss in the corresponding quarter in 2013-14. The total income from operations for the quarter more than doubled at ₹267.31 crore against ₹90.17 crore in the last quarter of 2013-14.
For the full financial year 2014-15, it has posted a loss of ₹107.66 crore. The company had posted net profit of ₹16.22 crore in fiscal 2013-14. The total income from operations was ₹762.52 crore for the year ended March 31, 2015, an increase of 36 per cent compared with ₹560.81 crore in 2013-14
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.