Realty firm Mahindra Lifespace Developers Ltd reported a 91 per cent decline in net profit to Rs 1.81 crore for the quarter ended December.
Its net profit stood at Rs 20.58 crore in the year ago period, the company said in a regulatory filing.
Total income also fell to Rs 85 crore during the third quarter of 2019-20 from Rs
Mahindra Lifespace MD and CEO Sangeeta Prasad said, "we are delighted with the successful launch of Happinest Kalyan, which strengthens the hypothesis that a right product with right location is always attractive."