Press Release


For immediate Publication : 1 n n ,.,, , 1 l l • 11 l• 1 1 ·t·; ' 1 .v 1 1

Parsvnath announces Q4 and annual FY13 results PBT at Rs. 37 Cr. and Revenue at Rs. 182 Cr.

New Delhi, May 28, 2013: Parsvnath Group (Parsvnath), lndia's leading real estate and infrastructure developer with a diversified portfolio, registered operating revenue of Rs.182 Cr. and profit before tax of Rs.37Cr. in the quarter ended March 31, 2013. EBIDTA stood at Rs.130

Cr. and EBIDTA margins stood at 71% at the end of the quarter.

On annual basis, PDL reported total revenue of Rs.643 Cr. and PBT of Rs.132 Cr. in Financial year 2013. EBIDTA and EBIDTA margins· stood at Rs.458 Cr. and 71% respectively.

Ali figures in the press release are consolidated in Rscrore unless stated otherwise

Particulars

Q4FY13

Q3FY13

Q4FY12

March 31,

2013

March 31,

2012

Operating Revenue

182

148

219

643

905

EBIDTA

130

115

108

458

498

EBIDTA margins

71%

78%

50%

71%

55%

PBT

37

32

55

132

201

TAX

23

13

78

59

132

PAT

14

19

(23)

73

69

Operation l Business Highlights

• As a strategy for accelerated possession offering, company is concentrating on faster execution.

• Parsvnath has almost completed execution of 'RedFort Parsvnath Towers' at Bhai Veer Singh Marg, New Delhi. Project is due for completion certificate. Company had inducted M/s Larsen & Toubro, (L&T), lndia's leading construction and engineering firm, for construction of 'RedFort Parsvnath Towers' on a turnkey basis.

• Parsvnath repatriated Rs.34.56 crores to PE investor, Sun Appollo from Exotica Gurgaon

SPV project.

• Parsvnath offered possession of approx.. 600 units, comprising an area of about 1.35 Mn sq. ft.

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Press Release

For immediate Publication

Commenting on the performance, strategy followed and future outlook, Mr. Pradeep Jain, Chairman,Parsvnath Group,said,

Financial Year 2012-13 brought in some positive sentiments in the market which would yield returns in coming quarters. Few of the decisions by government regarding ECB for affordable housing and FDI in retail are surely going to have positive impact on our business. In addition, the recent cuts in Repo Rate by RBI wi/1 encourage home buyers. This wi/1 surely curb the problem of piling inventories. Overa/1, we see some robust business in coming quarters.
We have a/so launched a path-breaking '25:75 House of Happiness Scheme' where a buyer needs to pay just 25% at the time of booking and rest on offer of possession. What is unique is that it does not involve any bank loan and thus no EMis. This scheme is applicable on our twenty projects which are under fast track execution in cities like New Delhi, Greater Noida, Ghaziabad, Sonepat, Dharuhera, Moradabad, Ujjain, Saharanpur, Bhiwadi, Panchkula and Rajpura.We are receiving an overwhelming response from buyers across properties and are delighted to see a huge number of first time buyers in the list.
We are in the process to /aunch our integrated township project spread over 104 acres of land in Sohna. The fina/ master pian for residential zone on Sohna has been notified by Haryana Government. We have applied for licenses to develop the project which wi/1 consist of plotted developments as we/1 as Group Housing. We wi/1 start execution as soon as we receive the approva/s.
We are a/so on the verge of starting execution at our K G Marg property. Earlier, we were planning to monetize it but due to anticipated improvement in cash flow in the near future and tremendous response from investor community, we are planning to develop a world class retail and office space in about 1.2 acres of land on K G Marg. We have already received ali the required approva fs from various authorities.
Parsvnath Group has always been committed towards benefit of our customers, partners and stakeholders. We are confident that the coming quarters wi/1 further strengthen our foundation and bring back Parsvnath to its glorious days.

Overview of Parsvnath Developers Limited:-

Parsvnath Group with more than 29 years of experience in real estate industry is present in ali verticals and has completed 47 projects. PDL is currently working on 50 projects with a total area of 76.3 mn sq ft. The company's business portfolio includes Residential, Commerciai (office and Retail), DMRC Projects, Hotels, SEZs, IT Parks. More information about the company is

available on www.pr.sxtmd. . lmWlil1

For more details,please contact:

Mr. Ramesh Kaushal

Addl. Generai Manager- Corporate Parsvnath Developers Ltd. Telephone: 011-43050192

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Mr. Praveen Singh l Mr. Santosh Kumar

Adfactors PR Pvt. Ltd.

Mobile: 9560641414 l 9711306103

Office: 011-40565100

Press Release For immediate Publication PGnvaeth

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Forword-Looking Stotements:- This report contains forward -looking statements, which may be identified by their use af words like 'plans', 'expects', 'wi/1', 'anticipates', 'believes', 'intends', 'projects', 'estimates' or ather words of similar meaning. Ali statements that address expectations or projections about the future, inc/uding but not limited to statements about the company's strategy far growth, market position, expenditures, and financial results, are forward -/ooking statements. Forward­

/ooking statements are based on certain assumptions and expectations of future events. The company cannot guarantee that these assumptions and expectations are accurate or wi/1 be realized. The company's actual resu/ts, performance or achievements cou/d thus differ material/y from those projected in any such forward - /ooking statements. The company assumes no responsibility to publicly amend, modify or revise any forward /ooking statements, an the basis of any subsequent deve/opments, information or events.

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