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Mahindra Lifespace Q3 net profit dips 66%

The company had posted a net profit of Rs 39.51 crore in the corresponding quarter previous year, Mahindra Lifespace Developers said in a filing to the BSE.



New Delhi: Mahindra Lifespace Developers on Saturday reported 65.68 percent decrease in its standalone profit after tax for the quarter ended December 31, 2012, at Rs 13.56 crore.

The company had posted a net profit of Rs 39.51 crore in the corresponding quarter previous year, Mahindra Lifespace Developers said in a filing to the BSE.

The standalone income from operations during the third quarter also went down by 60.06 percent to Rs 61.41 crore from Rs 153.77 crore in the year-ago period.

PTI

From Zee News

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