Parsvnath Dev has applied for 22 Telecom license

Parsvnath Developers have come out with Q4 FY08 earning estimate concall. Here are the concall key takeaways.

It's consolidated revenues were at Rs 1837.12 crore, up by 19.72% from Rs 1534.50 crore to Rs 1237.12 crore. EBIDTA was at Rs 680.25 crore, up 54.04% from Rs 441.60 crore to Rs 680.25 crore. The consolidated PAT was at Rs 424.39 crore, up 45.23% from Rs 292.21 crore. The net margins was at 23.10%. EPS for FY08 was at Rs 22.98 as against Rs 18.16.  Advance from customer Rs 445 crore. The debt eqity ratio is at 0.74

The management is confident of executing the projects on time and according to them all the current development and projects scheduled are running on time. 

Management said that they have starded work across 4 SEZ's. They also have started contract work and it has under taken 3 projects worh Rs 263 crore. The cost of construction works out at Rs 152/sq.ft.

The company had won the project from BEST to develop a plot of land at Mahim Bus Station, Mumbai.  

Rising inflation and higher input cost of raw material is challange for the comapany to maintain its cost of production.

It also bagged DMRC Projects (Games Village complex for Shopping Mall & Metro Station and Netaji Subhash Place for Shopping Mall).

It has  applied for Telecom License for 22 circles and also launched PRIDEASIA at Chandigarh - the first of its kind 123-acre luxurious township having a saleable area of 4.4 million sq.ft with a realizable value of Rs 4000 Crore  

It had also won the contract to construct Sai Ashram at Shirdi, Maharashtra and Footwear Design and Development Institute at Uttar Pradesh.

The management  announced strategic tie up with Al-Hassan Group of Industries, Oman, Muscat to explore development opportunities in real estate projects in Muscat.  Acquired a plot situated at 27, Kasturba Gandhi Marg, Connaught Place for developing a luxury mall and state of the art offices.   

For more details listen to concall......