On Thursday, Mahindra Lifespace Developers Ltd’s shares jumped nearly 8 per cent. The company reported a consolidated net profit of Rs 154.5 crore for the last fiscal. The stock gained 6.17 per cent to Rs 392.60 on the Bombay Stock Exchange (BSE).
- Minda Corporation Shares Rally 5% on Plans to Acquire Stake in Flash Electronics
- Stocks Under F&O Ban: Hindustan Copper, RBL Bank, and Others
- Stocks in Focus: J&K Bank, IRFC, Adani Green Energy, Vodafone Idea, and Others
- Govt plans new route connecting Noida airport to NH-34
- India Ranks Third in Global Fintech Funding, Despite 33% Drop in 2024
On National Stock Exchange (NSE), it rallied 7.66 per cent to Rs 398.20. It had reported a net loss of Rs 71.7 crore in FY21. Its consolidated total income stood at Rs 408.2 crore in the last fiscal, against Rs 187.8 crore FY21, according to a regulatory filing.
“FY22 has been a year of strong growth. Our residential pre-sales grew by almost 50 per cent to Rs 1,028 crore. In comparison, our industrial leasing has grown by 130 per cent to Rs 298 crore,” according to Arvind Subramanian, Managing Director and CEO, Mahindra Lifespace Developers Ltd.
