Mahindra Lifespace Developers jumps on turning black in Q4
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Mahindra Lifespace Developers is currently trading at Rs. 376.05, up by 6.30 points or 1.70% from its previous closing of Rs. 369.75 on the BSE.
The scrip opened at Rs. 389.00 and has touched a high and low of Rs. 392.60 and Rs. 373.80 respectively. So far 25771 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 410.55 on 31-Mar-2022 and a 52 week low of Rs. 152.23 on 06-May-2021.
Last one week high and low of the scrip stood at Rs. 392.60 and Rs. 362.00 respectively. The current market cap of the company is Rs. 5829.00 crore.
The promoters holding in the company stood at 51.33%, while Institutions and Non-Institutions held 28.58% and 20.08% respectively.
Mahindra Lifespace Developers has reported its net profit of Rs 86.31 crore for the quarter ended March 31, 2022 against net loss of Rs 28.44 crore for the same quarter in the previous year. Total income of the company increased by around 3-fold at Rs 116.34 crore for Q4FY22 as compared Rs 42.92 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported net profit of Rs 137.66 crore for the quarter ended March 31, 2022 against net loss of Rs 27.79 crore for the same quarter in the previous year. Total income of the company increased by around 3-fold at Rs 155.02 crore for Q4FY22 as compared Rs 58.12 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the company has reported net profit of Rs 42.89 crore against net loss of Rs 52.25 crore for the previous year. Total income of the company increased by over 2-fold at Rs 306.50 crore for year under review as compared to Rs 136.39 crore for year ended March 31, 2021.
For the year ended March 31, 2022, on the consolidated basis, the company has reported net profit of Rs 161.71 crore against net loss of Rs 71.45 crore for the previous year. Total income of the company increased by 2-fold at Rs 408.24 crore for year under review as compared to Rs 187.82 crore for year ended March 31, 2021.
