Mahindra Lifespace Developers Ltd. Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended Dec. 31, 2017
January 30, 2018 at 03:57 am EST
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Mahindra Lifespace Developers Ltd. reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended Dec. 31, 2017. For the quarter, on standalone basis, the company reported revenue from operations of INR 1,447.0 million compared to INR 1,972.1 million a year ago. Profit before tax was of INR 201.7 million compared to INR 252.6 million a year ago. Profit after tax was of INR 131.9 million or INR 2.57 per basic and diluted share compared to INR 158.1 million or INR 3.54 per diluted share a year ago.
For nine months, on standalone basis, the company reported revenue from operations of INR 3,297.1 million compared to INR 3,811.0 million a year ago. Profit before tax was of INR 540.9 million compared to INR 628.8 million a year ago. Profit after tax was of INR 366.4 million or INR 7.24 per diluted share compared to INR 438.5 million or INR 9.81 per diluted share a year ago.
For the quarter, on consolidated basis, the company reported revenue from operations of INR 1,683.4 million compared to INR 2,130.8 million a year ago. Profit before tax was of INR 363.4 million compared to INR 451.8 million a year ago. Profit after tax was of INR 271.4 million or INR 5.09 per basic and diluted share compared to INR 343.0 million or INR 7.88 per diluted share a year ago. Total comprehensive income attributable to owners of the parent was INR 259.7 million against INR 352.2 million a year ago.
For nine months, on consolidated basis, the company reported revenue from operations of INR 4,043.9 million compared to INR 4,351.3 million a year ago. Profit before tax was of INR 803.4 million compared to INR 1,107.0 million a year ago. Profit after tax was of INR 556.3 million or INR 10.53 per diluted share compared to INR 864.3 million or INR 18.97 per diluted share a year ago. Total comprehensive income attributable to owners of the parent was INR 532.5 million against INR 848.4 million 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 Ltd. Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended Dec. 31, 2017