Parsvnath Developers Limited — Board Meeting, 14-11-2024: Outcome of Board Meeting

The Board of Directors has announced a board meeting where they approved the unaudited financial results for the quarter and half-year ended September 30, 2024. The consolidated revenue from operations was ₹135.07 crore, with a net loss after tax of ₹228.98 crore. Standalone results indicate a revenue of ₹52.41 crore, with a loss of ₹98.39 crore. The board also provided a limited review report on these results. The company continues to face financial challenges, primarily due to losses in the real estate sector, but reports optimistic recovery potential based on recent improvements in the market.