Mahindra Lifespace Developers Limited Announces Unaudited Consolidated and Standalone Earnings Results for the First Quarter Ended June 30, 2018
July 30, 2018 at 05:55 am
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Mahindra Lifespace Developers Limited announced unaudited consolidated and standalone earnings results for the first quarter ended June 30, 2018. For the quarter, the consolidated company reported revenue from operations was INR 1,539.5 million against INR 1,360.5 million a year ago. Profit before tax was INR 375.8 million against INR 212.6 million a year ago. Profit after tax was INR 269.0 million against INR 144.9 million a year ago. Diluted earnings per share were INR 5.19 against INR 2.82 a year ago.
For the quarter, the standalone company reported total income was INR 1,329.9 million against INR 1,092.5 million a year ago. Profit before tax was INR 222.2 million against INR 149.4 million a year ago. Profit after tax was INR 152.2 million against INR 106.6 million a year ago. Diluted earnings per share were INR 2.96 against INR 2.18 a year ago.
Mahindra Lifespace Developers Limited is an India-based real estate development company. The Company is engaged in developing residential projects in the premium and value housing segments, as well as integrated cities and industrial clusters. Its segments include Projects, Project Management and Development, and Operating of Commercial Complexes. Projects, Project Management & Development segment of the business includes income from sale of residential units across projects, project management and development in India. Operating of Commercial Complexes segment of the business includes rental income from commercial properties at Delhi. Its projects include Roots, Vicino, Alcove, Meridian, Happinest Palghar 1, Happinest Palghar 2, Happinest Kalyan 1, Happinest Kalyan 2, Centralis, Happinest Tathawade, Bloomdale, Luminare, Aqualily, Lakewoods, Happinest Avadi, Happinest MWC and others.