Mahindra Lifespace Developers has reported results for second quarter ended September 30, 2012.
The company has reported a marginal fall of 0.10% in its net profit at Rs 31.41 crore for the quarter ended September 30, 2012 as compared to Rs 31.44 crore for the same quarter in the previous year. The company’s total income from operation has registered a fall of 10.60% at Rs 83.83 crore for quarter under review as compared to Rs 93.77 crore for the quarter ended September 30, 2011.
Mahindra Lifespace Developers (MLDL) is the real estate and infrastructure development subsidiary of Mahindra & Mahindra (M&M). At present, M&M holds 51% of the equity share capital of MLDL. MLDL has two main lines of businesses - standalone real estate development and development of integrated business cities.