Mahindra Lifespace Developers net profit declines 17.49% in the March 2014 quarter

Sales decline 15.63% to Rs 86.18 crore

Net profit of Mahindra Lifespace Developers declined 17.49% to Rs 19.15 crore in the quarter ended March 2014 as against Rs 23.21 crore during the previous quarter ended March 2013. Sales declined 15.63% to Rs 86.18 crore in the quarter ended March 2014 as against Rs 102.15 crore during the previous quarter ended March 2013.

For the full year,net profit declined 20.27% to Rs 77.73 crore in the year ended March 2014 as against Rs 97.49 crore during the previous year ended March 2013. Sales declined 12.65% to Rs 307.07 crore in the year ended March 2014 as against Rs 351.52 crore during the previous year ended March 2013.

ParticularsQuarter EndedYear EndedMar. 2014Mar. 2013% Var.Mar. 2014Mar. 2013% Var.Sales86.18102.15 -16 307.07351.52 -13 OPM %5.7316.79 -9.3820.80 - PBDT23.1029.66 -22 103.71137.65 -25 PBT22.4429.18 -23 101.39135.88 -25 NP19.1523.21 -17 77.7397.49 -20

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