Mahindra Lifespace's Q4 Net Profit Plunges 99.6% To Rs 0.54 Crore
Listen to This Article
Realty firm Mahindra Lifespace Developers Ltd on Tuesday reported a 99.6 per cent decline in its consolidated net profit at Rs 0.54 crore in the quarter ended March.
Its net profit stood at Rs 137.66 crore in the year-ago period.
Total income rose to Rs 270.26 crore in the fourth quarter of the last fiscal from Rs 155.02 crore in the corresponding period of the preceding financial year.
During the entire 2022-23 fiscal, the net profit declined to Rs 102.83 crore from Rs 161.71 crore in the previous year.
Total income rose to Rs 659.56 crore in the last fiscal from Rs 408.24 crore in the 2021-22 fiscal.
Mahindra Lifespace, which is real estate arm of Mahindra Group, is one of the leading real estate firms in the country.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
HSBC Swings The Axe At UK Wealth In An AI Push
HSBC is preparing deep job cuts across its UK wealth management arm. It plans to cut about half of its management and sp... Read more
Kraken's Owner Buys A Bank: The Lines Are Blurring
Payward, the parent company of the crypto exchange Kraken, has agreed to buy a European bank. It would be the first digi... Read more
Revoluts Australian Banking Licence Game Changer
Revolut has spent much of its life insisting that it is more than a bank. In Australia, it has now decided that becoming... Read more
The AI Bank Is Coming, But Who Controls The Risk?
Artificial intelligence is no longer something banks discuss as a distant possibility. It is already working behind the ... Read more
ClearBank UK Profit Leads To European Growth
ClearBank has spent much of the past decade building the technology and regulatory infrastructure needed to challenge so... Read more