Mahindra Lifespace Posts Net Loss

Mahindra Lifespace Posts Net Loss
18/05/2020 , by , in ALLIED

Realty firm Mahindra Lifespace Developers Ltd reported a consolidated net loss of Rs 223.9 crore for the quarter ended March due to lower income and provisioning of loss in a joint venture project in Delhi-NCR. The company had posted a net profit of Rs 31.27 crore in the year-ago period, according to a regulatory filing.

Mahindra Lifespace, the real estate arm of the Mahindra group, posted a total income of Rs 110.78 crore in the fourth quarter of 2019-20 as against Rs 246.88 crore in the corresponding period of previous year.

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