Mahindra Lifespace Developers Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 819.9 million compared to INR 1,869 million a year ago. Revenue was INR 887.7 million compared to INR 1,981.4 million a year ago. Net income was INR 499.8 million compared to INR 332.1 million a year ago. Basic earnings per share from continuing operations was INR 3.23 compared to INR 2.15 a year ago. Diluted earnings per share from continuing operations was INR 3.22 compared to INR 2.14 a year ago.
For the nine months, sales was INR 1,978 million compared to INR 3,512.4 million a year ago. Revenue was INR 2,245.2 million compared to INR 3,893 million a year ago. Net income was INR 267.6 million compared to INR 1,008.8 million a year ago. Basic earnings per share from continuing operations was INR 1.73 compared to INR 6.53 a year ago. Diluted earnings per share from continuing operations was INR 1.73 compared to INR 6.49 a year ago.