Mahindra Lifespace Developers turns black in Q4
28th Apr 2022

Mahindra Lifespace Developers has reported results for fourth quarter and year ended March 31, 2022.

The company has reported its net profit of Rs 86.31 crore for the quarter under review against net loss of Rs 28.44 crore for the same quarter in the previous year. Total income of the company increased by around 3-fold at Rs 116.34 crore for Q4FY22 as compared Rs 42.92 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net profit of Rs 137.66 crore for the quarter under review against net loss of Rs 27.79 crore for the same quarter in the previous year. Total income of the company increased by around 3-fold at Rs 155.02 crore for Q4FY22 as compared Rs 58.12 crore for the corresponding quarter previous year.

For the year ended March 31, 2022, the company has reported net profit of Rs 42.89 crore against net loss of Rs 52.25 crore for the previous year. Total income of the company increased by over 2-fold at Rs 306.50 crore for year under review as compared to Rs 136.39 crore for year ended March 31, 2021.

For the year ended March 31, 2022, on the consolidated basis, the company has reported net profit of Rs 161.71 crore against net loss of Rs 71.45 crore for the previous year. Total income of the company increased by 2-fold at Rs 408.24 crore for year under review as compared to Rs 187.82 crore for year ended March 31, 2021.