Mumbai: Mahindra Lifespace Developers, the real estate and infrastructure development arm of the Mahindra & Mahindra group has said that its net profit for the third quarter ended 31 December, grew marginally by 1.25% at Rs11.31 crore from the same period a year ago.
The firm had a profit of Rs11.17 crore in the December quarter last financial year, Mahindra Lifespace Developers said in a filing to the Bombay Stock Exchange (BSE).
Income from operations rose to Rs55.65 crore in the quarter under review from Rs43.39 crore last year.
While, for the nine-month period ended 31 December, 2008, the company has registered a profit after tax of Rs32.26 crore, a 25.37% decline against Rs43.23 crore last fiscal.
Shares of Mahindra Lifespace were trading at Rs148, up 5.11% in the late afternoon trade on the BSE.