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To book larger rev in coming quarters: Parsvnath Developers

Chairman Pradeep Jain of Parsvnath Developers clarified that the EBITDA margins eroded by rising input costs. He further elucidated that the prices were up by 20% in past six months in Delhi. Jain expects the company to book larger revenue in coming quarters. "We are in tie-up with Choice Hotels International for the hotels business," he added.

November 08, 2011 / 20:55 IST
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For the second quarter FY12, the Parsvnath Developers' total operating revenue was up 29% at Rs 254.9 crore versus Rs 197.96 crore (YoY) and the total expenditure was also up 86.3% at Rs 186.1 crore versus Rs 99.9 crore (YoY). The company

first published: Nov 8, 2011 12:36 pm

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