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India

India's Mahindra Lifespace Developers Sept-qtr consol profit more than halves


Monday, 30 Oct 2017 

Oct 30 (Reuters) - Mahindra Lifespace Developers Ltd :Sept quarter consol profit after tax 140 million rupees versus profit of 345.8 million rupees last year.Sept quarter consol revenue from operations 1 billion rupees versus 1.25 billion rupees last year.Says awaiting approvals for 6 of new residential projects‍​‍​.Quarter impacted by discontinuity on marketing efforts due to lead time in RERA registrations; impact of GST transition‍​. 

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