Parsvnath Developers reports Rs 1.28 billion loss in Q2 FY25

18 Nov 2024 CW Team

Parsvnath Developers, a prominent realty firm, reported a significant increase in its consolidated net loss for the September quarter, which widened to Rs 1.28 billion. This marked a substantial rise from the Rs 740.85 million loss recorded during the same period in the previous year. In addition to the increased loss, the company鈥檚 total income for the quarter also saw a sharp decline, dropping to Rs 480.37 million. This was a notable decrease from Rs 1.17 billion in the second quarter of the previous fiscal year, as disclosed in the company鈥檚 regulatory filing on Thursday.

The firm, headquartered in Delhi, has been actively involved in the development of various residential and commercial projects across the Delhi-NCR region and other states in India. Despite the challenges reflected in its financial results, Parsvnath Developers continues to have a presence in the real estate market through its on-going and completed projects.

Technology

28 Jun 2025

We鈥檙e building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company鈥檚 origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why 鈥楩lo鈥� and not 鈥楩low鈥�?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, 鈥榤obility鈥� naturally became part of the name. We wanted to co..

Real Estate

28 Jun 2025

We鈥檙e committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned庐 philosophy. K T Jithendran, Managing Director & CEO, outlines the company鈥檚 premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Infrastructure Urban

28 Jun 2025

Mumbai鈥檚 land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai鈥檚 urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..