Parsvnath Developers, a leading real estate firm has declared its fourth quarter results for the period till 31, March 2009.

During the period under review, the company has clocked a sharp dip of 89% in the net profit on consolidated basis which stood at Rs 11 crore as compared to net profit of Rs 106 crore in the March quarter of financial year 2008.

In the latest quarter, company’s revenue also witnessed a downward trend to Rs 19 crore from Rs 506 crore in the same month last fiscal.

For the full year ended March 31, 2009, the realty firm has recorded a net profit of Rs 112 crore as against Rs 424 crore previous year.

During the latest fiscal, Parsvnath's revenue went down to Rs 710 crore from Rs 1,802 crore in the previous fiscal.

On a standalone basis, the company has registered a net profit of Rs 13 crore in the March quarter of 2009 as compared to Rs 108 crore in the corresponding year ago period.