Its internet revenue stood at ₹101.43 crore within the previous yr.
In keeping with a regulatory submitting on Friday, the corporate’s complete earnings fell to ₹279.12 crore final fiscal from ₹659.56 crore in 2022-23.
Mahindra Lifespace is the true property and infrastructure improvement enterprise of Mahindra Group.
Through the fourth quarter of final fiscal, the corporate’s consolidated internet revenue surged to ₹71.15 crore from simply ₹55 lakh within the year-ago interval.
Complete earnings declined to ₹54.60 crore within the quarter as towards ₹270.26 crore within the year-ago interval.
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Amit Sinha, Managing Director & CEO, Mahindra Lifespace Builders, mentioned, “We closed FY24 with our highest ever annual gross sales pushed by profitable launches all year long.”
Moreover, he mentioned the corporate closed 2023-24 fiscal yr with over ₹4,400 crore of GDV (gross improvement worth) in its enterprise improvement.
On operational entrance, Mahindra Lifespace achieved its highest ever pre-sales of ₹2,328 crore (saleable space – 2.47 million sq. ft, RERA carpet space 1.84 million sq. ft) in residential enterprise over the past fiscal yr.
The corporate additionally achieved land leasing of 119.4 acres within the industrial enterprise for ₹370 crore.
Established in 1994, Mahindra Lifespace’s improvement footprint spans 37.33 million sq. ft of accomplished, ongoing and forthcoming residential initiatives throughout seven Indian cities.
It additionally has over 5,000 acre of ongoing and forthcoming initiatives below improvement / administration at its built-in developments / industrial clusters throughout 4 places.
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