Mahindra Lifespace Developers posts Rs 22.47 crore net loss in December quarter

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Realty steadfast Mahindra Lifespace Developers Ltd has reported a consolidated nett nonaccomplishment of Rs 22.47 crore for the 4th ended December 31, 2024.

The institution had posted a nett net of Rs 50.02 crore successful the year-ago period.

Total income jumped to Rs 185.77 crore successful the 3rd 4th of this fiscal, from Rs 88.77 crore successful the corresponding play of the preceding year, according to a regulatory filing connected Friday.

Total expenses changeable up to Rs 200.88 crore successful the 4th nether review, from Rs 125.12 crore a twelvemonth ago.

Mahindra Lifespace is the existent property and infrastructure improvement concern of the Mahindra Group.

The company's improvement footprint spans 39.44 cardinal sq ft (saleable area) of completed, ongoing and forthcoming residential projects crossed 7 Indian cities.

It besides has implicit 5,000 acres of ongoing and forthcoming projects nether improvement / absorption astatine its integrated developments / concern clusters crossed 4 locations.

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