Parsvnath Developers Q3 FY26: losses widen, auditor flags qualified review
PARSVNATH · price
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Parsvnath Developers posted a standalone loss of Rs 50.85 crore in Q3 FY26 against a Rs 29.62 crore profit a year ago. Quarterly revenue rose to Rs 19.19 crore, but nine month revenue fell 25 percent to Rs 50.86 crore. Consolidated loss widened to Rs 149.48 crore. Finance costs remain heavy at Rs 155.63 crore standalone and Rs 365.55 crore consolidated for nine months. The auditor issued a qualified review flagging uncertainties over intangible asset recoverability in DMRC and other disputes. Management admitted cash losses and defaults to lenders.
Persistent losses, heavy finance costs, qualified auditor opinion, and liquidity stress are red flags. Consolidated net worth is negative.