Mahindra Lifespace Developers standalone net profit declines 64.94% in the March 2017 quarter

Sales rise 175.08% to Rs 299.45 crore

Net profit of Mahindra Lifespace Developers declined 64.94% to Rs 5.09 crore in the quarter ended March 2017 as against Rs 14.52 crore during the previous quarter ended March 2016. Sales rose 175.08% to Rs 299.45 crore in the quarter ended March 2017 as against Rs 108.86 crore during the previous quarter ended March 2016.

For the full year,net profit declined 37.48% to Rs 48.94 crore in the year ended March 2017 as against Rs 78.28 crore during the previous year ended March 2016. Sales rose 35.54% to Rs 680.55 crore in the year ended March 2017 as against Rs 502.11 crore during the previous year ended March 2016.

 

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales299.45108.86 175 680.55502.11 36 OPM %0.2011.91 -5.0313.55 - PBDT8.7622.26 -61 74.89120.53 -38 PBT7.6721.21 -64 70.55116.57 -39 NP5.0914.52 -65 48.9478.28 -37

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