Mahindra Lifespace Developers has reported results for fourth quarter and year ended March 31, 2013

The company has posted a fall of 27.74% in its net profit at Rs 23.21 crore for the quarter ended March 31, 2013 as compared to Rs 32.12 crore for the same quarter in the previous year. Total income from operation of the company has decreased by 27.01% at Rs 102.15 crore for quarter under review as compared to Rs 139.96 crore for the quarter ended March 31, 2012.

For the year ended March 31, 2013, the company has posted a fall of 18.87% in its net profit at Rs 97.49 crore as compared to Rs 120.16 crore for the same period in the previous year. Total income from operation too declined by 25.04% at Rs 351.52 crore for year under review as compared to Rs 468.95 crore for the period ended March 31, 2012.

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