Friday, March 29, 2024
HomeNewsTop NewsMahindra Lifespace posts profit of Rs 154.5 crore in FY22

Mahindra Lifespace posts profit of Rs 154.5 crore in FY22

Arvind Subramanian, Managing Director and CEO, Mahindra Lifespace Developers Ltd, said, "FY22 has been a year of strong growth. Our residential pre-sales grew by almost 50 per cent to Rs 1,028 crore while our industrial leasing has grown by 130 per cent to Rs 298 crore".

Mahindra Lifespace Developers Ltd on Wednesday reported a consolidated net profit of Rs 154.5 crore for the last fiscal. It had posted a net loss of Rs 71.7 crore in the preceding fiscal.

Its consolidated total income stood at Rs 408.2 crore in the last fiscal against Rs 187.8 crore FY21, according to a regulatory filing.

Arvind Subramanian, Managing Director and CEO, Mahindra Lifespace Developers Ltd, said, “FY22 has been a year of strong growth. Our residential pre-sales grew by almost 50 per cent to Rs 1,028 crore while our industrial leasing has grown by 130 per cent to Rs 298 crore”.

Three land acquisitions with a development potential of 3.08 million square feet and an estimated gross development value of around Rs 3,800 crore have set the company well for the coming years, he added.

“We expect to build on this momentum and remain confident of achieving strong business performance over the coming quarters,” Subramanian said.

RELATED ARTICLES

Most Popular

Hot News

Customer Satisfaction Survey Template
Please help us improve our products/services by completing this questionnaire.

Would you recommend this company to a friend or colleague?

Clear selection

Overall, how satisfied or dissatisfied are you with our company?

Clear selection
Part 2/4: Service/Product Assessment

Which of the following words would you use to describe our products/services? Select all that apply.

Clear selection

How would you rate the quality of the website? (from 1 to 10)*

Clear selection
Part 3/4:Customer Care

How responsive have we been to your questions or concerns about our products/services?

Clear selection

At what email address would you like to be contacted?

Clear selection
Part 4/4: Additional Feedback

Do you have any other comments, questions, or concerns?

Clear selection