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Mahindra Lifespace Developers standalone net profit declines 53.74% in the September 2016 quarter

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Capital Market

Sales decline 22.07% to Rs 95.03 crore

Net profit of Mahindra Lifespace Developers declined 53.74% to Rs 12.74 crore in the quarter ended September 2016 as against Rs 27.54 crore during the previous quarter ended September 2015. Sales declined 22.07% to Rs 95.03 crore in the quarter ended September 2016 as against Rs 121.95 crore during the previous quarter ended September 2015. ParticularsQuarter EndedSep. 2016Sep. 2015% Var.Sales95.03121.95 -22 OPM %6.1016.69 -PBDT17.6141.56 -58 PBT16.5140.59 -59 NP12.7427.54 -54

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First Published: Oct 27 2016 | 5:45 PM IST

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