Mahindra Lifespace Developers consolidated net profit declines 64.13% in the March 2017 quarter

Image
Capital Market
Last Updated : Apr 24 2017 | 12:01 AM IST

Sales rise 128.69% to Rs 327.02 crore

Net profit of Mahindra Lifespace Developers declined 64.13% to Rs 17.40 crore in the quarter ended March 2017 as against Rs 48.51 crore during the previous quarter ended March 2016. Sales rose 128.69% to Rs 327.02 crore in the quarter ended March 2017 as against Rs 143.00 crore during the previous quarter ended March 2016.

For the full year,net profit rose 11.48% to Rs 102.24 crore in the year ended March 2017 as against Rs 91.71 crore during the previous year ended March 2016. Sales rose 28.49% to Rs 762.15 crore in the year ended March 2017 as against Rs 593.17 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales327.02143.00 129 762.15593.17 28 OPM %1.798.88 -6.6014.06 - PBDT29.3761.68 -52 143.52141.71 1 PBT28.2060.56 -53 138.90137.53 1 NP17.4048.51 -64 102.2491.71 11

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 22 2017 | 5:08 PM IST

Next Story