Mahindra Lifespace Developers Ltd. Reports Earnings Results for the Fourth Quarter Ended March 31, 2019
April 22, 2019 at 10:30 am
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Mahindra Lifespace Developers Ltd. announced earnings results for the fourth quarter ended March 31, 2019. For the fourth quarter, the company announced total revenue was INR 2,468.800 million compared to INR 1,806.400 million a year ago. Net income was INR 312.700 million compared to INR 477.500 million a year ago. Basic earnings per share was INR 6.09 compared to INR 9.38 a year ago. Diluted earnings per share was INR 6.08 compared to INR 9.36 a year ago.
For the full year, total revenue was INR 6,538.700 million compared to INR 6,441.300 million a year ago. Net income was INR 1,197.100 million compared to INR 1,010.000 million a year ago. Basic earnings per share was INR 23.32 compared to INR 19.93 a year ago. Diluted earnings per share was INR 23.27 compared to INR 19.88 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.