Mahindra Lifespace Developers slips into red, registers net loss of Rs 11 cr

New Delhi: Mumbai-based Mahindra Lifespace Developers Ltd registered a consolidated net loss of Rs 11 crore for the third quarter of the ongoing fiscal. It had clocked a net profit of Rs 1.81 crore in the same quarter of the previous fiscal. 

The total income of the company fell to Rs 70 crore in the third quarter of the ongoing fiscal as compared to Rs 85 crore in the same quarter of the previous fiscal. 

The sales and collections in the third quarter of the current fiscal have been more than the whole of first half of the ongoing fiscal, said Arvind Subramanian, MD and CEO, Mahindra Lifespace Developers in a regulatory filing.

 

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