Parsvnath Developers announced a steep drop in standalone net profit for the quarter ended December 2010.

During the quarter, the profit of the company declined 30.19% to INR 228.06 million from INR 326.69 million in the same quarter last year.

The company’s net sales for the quarter for the quarter rose marginally 1.09% to INR 2,135.66 million, while total income for the quarter rose marginally 1.15% to INR 2,161.10 million, when compared with the prior year period.

(Sourced from IRIS.com)