Mahindra Lifespace Developers consolidated net profit rises 13390.57% in the March 2024 quarter

Image
Last Updated : Apr 27 2024 | 9:04 AM IST

Sales decline 94.40% to Rs 14.29 crore

Net profit of Mahindra Lifespace Developers rose 13390.57% to Rs 71.50 crore in the quarter ended March 2024 as against Rs 0.53 crore during the previous quarter ended March 2023. Sales declined 94.40% to Rs 14.29 crore in the quarter ended March 2024 as against Rs 255.37 crore during the previous quarter ended March 2023.

For the full year,net profit declined 3.15% to Rs 98.24 crore in the year ended March 2024 as against Rs 101.43 crore during the previous year ended March 2023. Sales declined 65.04% to Rs 212.09 crore in the year ended March 2024 as against Rs 606.61 crore during the previous year ended March 2023.

ParticularsQuarter EndedYear EndedMar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var.Sales14.29255.37 -94 212.09606.61 -65 OPM %-378.59-10.72 --80.67-18.15 - PBDT62.407.02 789 68.0250.06 36 PBT58.583.92 1394 54.2937.86 43 NP71.500.53 13391 98.24101.43 -3

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 27 2024 | 7:27 AM IST

Next Story