Parsvnath Developers's net loss narrows sharply to Rs 63 cr in Q4FY20

New Delhi: Delhi-based Parsvnath Developers Ltd’s consolidated net loss narrowed sharply to Rs 62.66 crore in the fourth quarter of the 2019-20 fiscal as compared to Rs 193 crore in the same quarter of the previous fiscal. 

The consolidated revenue from operations went up 38 percent to Rs 1,044 crore in the fourth quarter of the last fiscal as compared to Rs 756 crore in the corresponding quarter of the previous fiscal, the company said in a regulatory filing.

Parsvnath’s consolidated net loss fell marginally to Rs 363 crore in the whole of 2019-20 fiscal as compared to Rs 367 crore in the previous fiscal. 

Its consolidated revenue from operations went up 24 percent to Rs 1,191 crore in the whole of the last fiscal as compared to Rs 911 crore in the previous fiscal. 

The consolidated total expenses of the company went up to Rs 1,124 crore in the fourth quarter of the last fiscal as compared to Rs 964 crore in the same quarter of the previous fiscal. The consolidated total expenses of the company went up to Rs 1,643 crore in the whole of 2019-20 financial year as compared to Rs 1,327 crore in the previous fiscal.

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