Parsvnath Developers Ltd's Q3FY25 Quarter Results
- 15 Feb 2025
Result Summary
- Parsvnath Developers Ltd reported a 23.8% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 71.4%.
- Its expenses for the quarter were down by 13.3% QoQ and 32.3% YoY.
- The net profit decreased 75.4% QoQ and increased 90.8% YoY.
- The earnings per share (EPS) of Parsvnath Developers Ltd declined at 0.7 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 59.89 | 48.37 | 209.38 | 23.8% | -71.4% |
Total Expenses | 152.99 | 176.42 | 225.86 | -13.3% | -32.3% |
Profit Before Tax | -31.46 | -128.05 | -16.49 | -75.4% | 90.8% |
Tax | 0.00 | 0.00 | 0.00 | - | - |
Profit After Tax | -31.46 | -128.03 | -16.49 | -75.4% | 90.8% |
Earnings Per Share | -0.70 | -2.90 | -0.40 | -75.9% | 75.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Parsvnath Developers Ltd is a prominent real estate development company in India. The company operates in the real estate sector and is primarily engaged in the construction and development of residential, commercial, and retail properties. Parsvnath Developers is known for its extensive portfolio that includes integrated townships, group housing, shopping malls, office complexes, and hotels. The company has a significant presence in several Indian cities, catering to a diverse clientele. Recently, the company has been focusing on expanding its footprint in urban and semi-urban areas, though specific recent developments are not detailed in the provided data.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Parsvnath Developers Ltd reported a total income of ₹59.89 crores. This represents a quarter-over-quarter (QoQ) increase of 23.8% from ₹48.37 crores in the second quarter of fiscal year 2025 (Q2FY25). However, when compared to the same quarter in the previous fiscal year (Q3FY24), there is a significant year-over-year (YoY) decline of 71.4% from ₹209.38 crores. These figures highlight the fluctuations in income, with a notable decrease on an annual basis despite the quarterly recovery.
Profitability
The company recorded a loss before tax of ₹31.46 crores in Q3FY25, which is a substantial improvement from the loss of ₹128.05 crores reported in Q2FY25, marking a 75.4% QoQ reduction in losses. Compared to Q3FY24, where the loss was ₹16.49 crores, the YoY comparison shows an increase in losses by 90.8%. The profit after tax reflects the same figures as no tax expenses were reported for these periods. Earnings per share (EPS) in Q3FY25 was negative at ₹-0.70, improving from ₹-2.90 in Q2FY25, yet lower than ₹-0.40 in Q3FY24. The data indicates changes in profitability metrics over the respective periods.
Operating Metrics
The analysis of operating metrics reveals that total expenses for Q3FY25 were ₹152.99 crores, a decline of 13.3% QoQ from ₹176.42 crores in Q2FY25. This decrease in total expenses aligns with efforts to manage operational costs. On a YoY basis, total expenses decreased by 32.3% from ₹225.86 crores in Q3FY24, indicating a reduction in operating outflows compared to the previous year. These metrics are crucial for understanding the company's efficiency and cost management over the quarters. The financial data does not provide specific metrics such as debt-to-equity ratio or current ratio, hence these key financial ratios could not be calculated.
