For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Mahindra Lifespace Shares Rally Nearly 8 Pc, After Earnings Announcement

By
|

Shares of Mahindra Lifespace Developers Ltd jumped nearly 8 per cent in morning trade on Thursday, after the company reported a consolidated net profit of Rs 154.5 crore for the last fiscal.

 
Mahindra Lifespace Shares Rally Nearly 8 Pc After Earnings Announcement

The stock gained 6.17 per cent to Rs 392.60 on the BSE. At the NSE, it rallied 7.66 per cent to Rs 398.20. It had reported a net loss of Rs 71.7 crore in FY21. Its consolidated total income stood at Rs 408.2 crore in the last fiscal, against Rs 187.8 crore FY21, according to a regulatory filing. Arvind Subramanian, Managing Director and CEO, Mahindra Lifespace Developers Ltd, said, "FY22 has been a year of strong growth. Our residential pre-sales grew by almost 50 per cent to Rs 1,028 crore, while our industrial leasing has grown by 130 per cent to Rs 298 crore".

 

(PTI)

Read more about: mahindra lifespace
Story first published: Thursday, April 28, 2022, 11:29 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X