28 , April , 2022
Mahindra Lifespace Developers Ltd has reported a consolidated net profit of Rs 154.5 crore for the last fiscal. In the preceding fiscal year, a net loss of Rs. 71.7 crore was posted by the realty firm.
As per a regulatory filing, its consolidated total income stood at Rs 408.2 crore in the last fiscal against Rs 187.8 crore FY21.
Arvind Subramanian, Managing Director and CEO, Mahindra Lifespace Developers Ltd, quoted, ''FY22 has been a year of strong growth. Our residential pre-sales grew by almost 50 per cent to Rs 1,028 crore while our industrial leasing has grown by 130 per cent to Rs 298 crore''.
Three land acquisitions with a development potential of 3.08 million square feet and an estimated gross development value of around Rs 3,800 crore have set the company well for the coming years, he added further.
''We expect to build on this momentum and remain confident of achieving strong business performance over the coming quarters,'' Subramanian stated.
(WITH INPUTS TAKEN FROM PTI)
