Mahindra Lifespace Developers Limited Announces Unaudited Standalone and Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2018
October 26, 2018 at 05:22 am EDT
Share
Mahindra Lifespace Developers Limited announced unaudited standalone and consolidated earnings results for the second quarter and six months ended September 30, 2018. For the quarter, the company reported revenue from operations was INR 715.8 million against INR 757.6 million a year ago. Total income was INR 1,049.4 million against INR 1,105.1 million a year ago. Total comprehensive income was INR 221.5 million against INR 127.9 million a year ago. Basic and diluted per share was INR 4.29 against INR 2.19 a year ago.
For the six months, the company reported revenue from operations was INR 2,045.7 million against INR 1,850.1 million a year ago. Total income was INR 2,503.6 million against INR 2,342.6 million a year ago. Total comprehensive income was INR 373.7 million against INR 234.5 million a year ago. Basic and diluted per share was INR 7.25 against INR 4.67 a year ago.
For the quarter, the consolidated company reported revenue from operations was INR 802.0 million against INR 1,000.0 million a year ago. Total income was INR 938.7 million against INR 1,291.4 million a year ago. Total comprehensive income was INR 411.6 million against INR 134.7 million a year ago. Basic and diluted per share was INR 8 against INR 2.61 a year ago.
For the six months, the company reported revenue from operations was INR 2,341.5 million against INR 2,360.5 million a year ago. Total income was INR 2,696.2 million against INR 2,778.6 million a year ago. Total comprehensive income was INR 673.0 million against INR 284.9 million a year ago. Basic and diluted per share was INR 13.19 against INR 5.44 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.
Mahindra Lifespace Developers Limited Announces Unaudited Standalone and Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2018