Mahindra Lifespace Q4 net loss narrows to Rs 28 cr
On a consolidated basis, Mahindra Lifespace Developers' net loss stood at Rs 27.79 crore in Q4 FY21 compared with net loss of Rs 224.69 crore in Q4 FY20. Net sales tumbled 44.8% to Rs 55.99 crore in Q4 FY21 from Rs 101.42 crore in Q4 FY20. The company reported pre-tax loss of Rs 33.62 crore in Q4 FY21 as against pre-tax loss of Rs 229.45 crore in Q4 FY20. During Q4 March 2021, Mahindra Lifespace Developers achieved a sales of Rs 346 crore (0.52 msft) in residential business. It launched 0.76 msft across two new projects and a new phase in an existing project. The firm attained collections of...