Mahindra Group's real estate firm Mahindra Lifespace Developers today reported 35 per cent increase in consolidated net profit at Rs 19.31 crore for the quarter ended June 30.
The company had posted a net profit of Rs 14.26 crore in the year-ago period.
Its consolidated operating income in the first quarter of this fiscal rose by 17 per cent at Rs 120.93 crore compared to Rs 103 crore in the corresponding period of previous year, Mahindra Lifespace said in a statement.
The company has so far completed developments of over 7 million sq ft of premium residential and commercial properties and around 4 million sq ft of ongoing development besides the Mahindra World Cities at Chennai and Jaipur.
Additionally, it has around 6 million sq ft of forthcoming projects. The Company operates in Mumbai, Pune, Nagpur, NCR, Jaipur, Chennai and Hyderebad.
