NEW DELHI: Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development business of the Mahindra Group, has reported a growth of 46.69 per cent in its net consolidated profit during the quarter ended December 30, 2023. Its profit after tax stood at Rs 50.02 crore in Q3 FY24 as against Rs 34.10 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing.
The company’s net consolidated total income stood at Rs 88.77 crore in Q3 FY24, a dip of 55.20 per cent from Rs 198.14 crore it recorded in the similar quarter last year.
During the quarter, the company acquired 5.38 acres of land in Wagholi, Pune with a development potential of more than 1.50 million sq ft, collections were at Rs. 386 crore in residential business.
