Mahindra Lifespace Developers Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 177.7 million compared to INR 697.9 million a year ago. Revenue was INR 257 million compared to INR 738.2 million a year ago. Net loss was INR 189.5 million compared to INR 77.4 million a year ago. Basic loss per share from continuing operations was INR 1.22 compared to INR 0.5 a year ago. Diluted loss per share from continuing operations was INR 1.22 compared to INR 0.5 a year ago.
For the six months, sales was INR 1,158.1 million compared to INR 1,643.4 million a year ago. Revenue was INR 1,357.5 million compared to INR 1,911.6 million a year ago. Net loss was INR 232.4 million compared to net income of INR 676.7 million a year ago. Basic loss per share from continuing operations was INR 1.5 compared to basic earnings per share from continuing operations of INR 4.38 a year ago. Diluted loss per share from continuing operations was INR 1.5 compared to diluted earnings per share from continuing operations of INR 4.35 a year ago.