Parsvnath Developers, BGR Energy up 7% on robust Q2 numbers

Moneycontrol BureauShares of Parsvnath Developers and BGR Energy Systems advanced 7 percent intraday Monday on the back of strong numbers declared by the companies in the quarter ended September 2016.Parsvnath Developers' Q2 (July-September) net loss has decreased to Rs 6.2 crore from a loss of Rs 12.3 crore, reported in the same quarter last fiscal.The company's total income was up at Rs 48.9 crore and EBITDA was at Rs 5 crore versus EBITDA loss of Rs 2.3 crore.BGR Energy Systems' Q2 net profit increased by 37.5 percent at Rs 11 crore, while total income was down at Rs 827.6 crore.Its EBITDA was down at Rs 75.2 crore and EBITDA margin was unchanged at 9.1 percent.At 12:33 hrs Parsvnath Developers was quoting at Rs 13 up 4.50 percent AND BGR Energy Systems was quoting at Rs 117.25, up 4.04 percent on the BSE.Posted by Rakesh Patil