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Monday, June 25, 2007

'Our profitability has been consistent'

In a t�te-�-t�te with Niren Shah, the chairman of Parsvnath Developers, Pradeep Jain, lashes out at competitors including the largest real estate player DLF for showing sudden jump in revenues and profits and claims that his company has maintained consistent growth over the past many years.

In FY07, the company reported robust numbers with 93 per cent growth in its topline and 147 per cent surge in operating profit. Re-iterating that the company would continue its rapid growth going forward, Jain says that real estate prices are still headed up and the company would continue to focus on Tier-II and Tier-III cities...........'Our profitability has been consistent'

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