27 May 2019 | 12:15 AM

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COMPANYNEWS
Mahindra Lifespace D Q4 net profit down 64.38% at Rs 5.87 cr
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Published on 04-22-2019
The company reported standalone net profit of Rs 5.87 crore for the quarter ended March 31 2019 as compared to Rs 16.48 crore in the same period last year registering a year-on-year decline of 64.38 per cent.


Net revenue of the company rose moderately by 10.17 per cent at Rs 160.07 crore in January-March quarter of this fiscal as against Rs 145.29 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 21.88 per cent to Rs 158.50 crore from Rs 130.05 crore in year ago period.


Other Income dipped by 47.20 per cent at Rs 10.00 crore versus (Mar`18 Rs 18.94 crore).


Operating Profit slipped by 89.70 per cent to Rs 1.57 crore as against Rs 15.24 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 90.66 per cent in March quarter.


Interest declined by 98.69 per cent y-o-y to Rs 0.11 crore while Taxation decreased by 42.58 per cent at Rs 4.80 crore (Mar`18 Rs 8.36 crore).