Mahindra Lifespaces Q4 net up 95% at Rs 82 crore

Mahindra Lifespaces , part of the Mahindra group, on Monday posted a 95-percent increase in its consolidated net profit at Rs 82 crore for the quarter ended March 31 mainly on the back of improved sales. Its net profit for the same quarter last fiscal stood at Rs 42 crore.

The company's total income during the January-March quarter increased by 32 percent to Rs 368 crore against Rs 279 crore in the corresponding period of FY12.

"Our focus on execution in the residential segment, coupled with strong sales momentum and new customer additions in Mahindra World City Chennai and Jaipur, have significantly contributed to the robust performance this year," company's managing director and chief executive Anita Arjundas told PTI.

The company will continue to focus on executing its ongoing projects in the coming years, she said. "By FY15, we would see execution of some of our ongoing projects as well as some of our forthcoming projects. In the next 2-to-three years, we believe many of our projects would be completed. We believe we are well placed for continued growth driven performance in the coming years," Arjundas said.

The company expects to complete five million sqft development in FY14 even as it added new land inventory with an estimated development potential of 2 million square feet in FY13.

The company's revenues during 2012-13 stood at Rs 772 crore against Rs 728 crore in FY12. Its net profit during the period grew 19 percent to Rs 141 crore against Rs 119 crore last fiscal.

The company's residential and commercial development footprint includes over 7.7 million square feet of completed projects and close to 10 million square feet of ongoing and forthcoming projects and is present in cities like Mumbai, Pune, Nagpur, Gurgaon, Faridabad, Jaipur, Chennai, Hyderabad and Bangalore.

When asked whether the company plans to expand in other cities, she said, "I feel we are quite comfortable in the areas where we are present currently. So far we have no plans to enter into new regions."

Anda sedang membaca artikel tentang

Mahindra Lifespaces Q4 net up 95% at Rs 82 crore

Dengan url

http://efektifkesehatan.blogspot.com/2013/04/mahindra-lifespaces-q4-net-up-95-at-rs.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Mahindra Lifespaces Q4 net up 95% at Rs 82 crore

namun jangan lupa untuk meletakkan link

Mahindra Lifespaces Q4 net up 95% at Rs 82 crore

sebagai sumbernya