Mahindra Lifespaces Delivers Strong Q1 Performance with ₹12.74 Crore Profit
<b>Mumbai</b>-based listed <b>real estate</b> developer, Mahindra Lifespaces reports a consolidated net profit of ₹12.74 crore for the June quarter.
Mahindra LifespacesReal EstateMumbaiProfitSales BookingsResidential BusinessLand LeasingIntegrated CitiesIndustrial ClustersReal Estate MumbaiJul 24, 2024
This impressive performance is attributed to the company's strong sales bookings of ₹1,019 crore in its residential business, as well as its land leasing of 18.8 acres in its integrated cities and industrial clusters business for ₹76.1 crore. The company's consolidated total income stood at Rs. 206.7 crore during the April-June period of this fiscal year, compared to ₹110 crore in the corresponding period of the previous financial year.
The company's managing director and CEO, Amit Kumar Sinha, expressed his satisfaction with the performance, stating, \
Frequently Asked Questions
What is Mahindra Lifespaces' consolidated net profit for the June quarter?
₹12.74 crore
What is the company's sales bookings in its residential business for Q1FY25?
₹1,019 crore
What is the revenue potential of the redevelopment project in Mumbai announced by Mahindra Lifespaces?
₹2,050 crore
What is the company's consolidated total income for the April-June period of this fiscal year?
₹206.7 crore
What is the managing director and CEO of Mahindra Lifespaces?
Amit Kumar Sinha
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