Mahindra Lifespace Developers Ltd. Announces Unaudited Standalone Earnings Results for the Third Quarter and Nine Months and Consolidated Earnings Results for the Nine Months Ended December 31, 2012
January 19, 2013 at 01:01 pm
Share
Mahindra Lifespace Developers Ltd. announced unaudited standalone earnings results for the third quarter and nine months and consolidated earnings results for the nine months ended December 31, 2012. For the quarter, on standalone basis, the company reported profit from operations before other income, finance costs and exceptional items of INR 86.0 million compared to INR 454.8 million reported a year ago. Profit after tax was INR 135.6 million or INR 3.32 per basic and diluted share compared to profit after tax of INR 395.1 million or INR 9.68 per basic and diluted share reported a year ago. Income from operations was INR 614.1 million compared to INR 1,537.7 million reported a year ago. Profit before tax was INR 199.7 million compared to INR 539.5 million a year ago.
For the nine months, on standalone basis, the company reported profit from operations before other income, finance costs and exceptional items of INR 546.6 million compared to INR 872.1 million reported a year ago. Profit after tax was INR 742.8 million or INR 18.19 per basic and diluted share compared to profit after tax of INR 880.4 million or INR 21.56 per basic and diluted share reported a year ago. Income from operations was INR 2,493.7 million compared to INR 3,289.9 million reported a year ago. Profit before tax was INR 1,067 million compared to INR 1,222.6 million a year ago.
For the nine months, on consolidated basis, the company reported total income of INR 4,040 million against INR 4,500 million a year ago. Profit after tax was INR 600 million against INR 770 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. Announces Unaudited Standalone Earnings Results for the Third Quarter and Nine Months and Consolidated Earnings Results for the Nine Months Ended December 31, 2012