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Parsvnath Developers + Tata Chemicals

October 31, 2007

North India’s realty major, Parsvnath Developers records 110.05% increase in net profit at Rs 102.77 crore Consolidated Revenue at Rs 412.71 crore, an increase of 40.67%. For the quarter ended Sept-07, the company reported – Consolidated revenue at Rs 412.71 crore, an increase of 40.67% from Rs 293.34 crore, Consolidated EBIDTA at Rs 161.22 crore, up by 114.09% from Rs 75.31 crore, Consolidated PAT at Rs 102.77 crore, an increase of 110.05% from Rs 48.93 crore and an EPS (non-annualized) at Rs 5.56.

Tata Chemicals Q2 results at a glance:
Income from operations (net of excise) up 11% at Rs. 1,255 crore compared Rs. 1,126 crore. Profit from Operations improves 9% to Rs. 209 crore from Rs. 191 crore. PBT at Rs. 207 crore compared to Rs 221 crore – PBT for the quarter is lower than the corresponding quarter last year mainly because of higher dividend income and foreign exchange gain in Q2 FY07. Diluted EPS (for the quarter): Rs. 5.61

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