Mahindra Lifesapces' profit rises 19% to Rs 85 crore in Q4 FY25
Mahindra Lifespace Developers
Ltd on Friday reported a 19 per cent increase in net profit to Rs 85.09 crore for the quarter ended March 2025. Its net profit stood at Rs 71.48 crore in the year-ago period.
Total income rose marginally to Rs 55.44 crore in January-March period of the last fiscal from Rs 54.60 crore in the corresponding period of the preceding year, according to a regulatory filing.
During 2024-25 fiscal, the company's net profit declined to Rs 60.94 crore from Rs 97.95 crore in the preceding year.
Total income grew to Rs 463.87 crore in the last fiscal from Rs 279.12 crore in the 2023-24 fiscal.
Mahindra Lifespace is one of the leading real estate developers in the country.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
33 minutes ago
- Hans India
Formula-E Race Deal… ACB quizzes Arvind Kumar on KTR's role in transfer of funds
The Anti-Corruption Bureau (ACB) today subjected IAS officer Arvind Kumar to a rigorous six-hour interrogation in connection with the ongoing Formula E-race case. This marks the third time the former Municipal Administration and Urban Development (MA&UD) official has been summoned by the probing agency regarding alleged financial irregularities in the Formula E-Race deal. ACB officials reportedly questioned Mr Kumar extensively on the role of former MA&UD minister KT Rama Rao in the transfer of funds to the Formula E-race company without obtaining due government approval. Sources indicate that the IAS officer arrived at the ACB headquarters at 11:40 AM and departed around 5:15 PM, with the questioning session punctuated by a 30-minute lunch break and two tea breaks. Mr Kumar was reportedly pressed on allegations raised by complainant Principal Secretary M Dana Kishore, particularly concerning his involvement in transferring funds overseas. The ACB registered a First Information Report (FIR) against KTR on 19 December last year. The FIR also named Aravind Kumar, then Special Chief Secretary to Government, Municipal Administration and Urban Development (MA&UD) department, and B L N Reddy, then Chief Engineer of Hyderabad Metropolitan Development Authority (HMDA). The complainant alleges that the Hyderabad Metropolitan Development Authority (HMDA) made payments exceeding Rs 54.88 crore to Formula-E Operations Limited (FEO) and associated entities, bypassing standard financial protocols. According to the FIR, Rs 45.7 crore was transferred to FEO between September and October 2023, despite FEO having already terminated its agreement with the Telangana government. This payment reportedly incurred an additional tax burden of Rs 8.06 crore, which was absorbed by the HMDA. A tripartite agreement signed in October 2022 between the Telangana government, FEO, and event sponsor Ace Nxt Gen Pvt Ltd had initially limited the State government's financial responsibility. However, the FIR claims that disputes between FEO and Ace Nxt Gen Pvt Ltd led to the government assuming financial liability without necessary regulatory approvals, thereby causing significant losses to the exchequer.
India.com
40 minutes ago
- India.com
Pakistan, China will tremble as India gets approval for its deadly new weapon, can neutralize threats in blink of an eye, name is..., range is...
In the past, we were nowhere near the level of technology that we have now; threats and weapons to counter those threats were limited to the technology of the times. But as threats have increased, so has the technology we possess to address those threats. As an example, the Indian Army today possesses a range of short, medium, and long-range missile air defense systems that can, in large part, effectively take out any enemy aircraft, helicopter, or drone trying to enter Indian airspace. Now, there is another new member to the family of air defense systems, set to join the Indian Army. The Defence Acquisition Council (DAC), with Defence Minister Rajnath Singh as the chair, has given the go-ahead to the project. The estimated total cost of the project is around the value of Rs 33,000 crore. The Army now has the Quick Response Surface-to-Air Missile (QRSAM) system, ready for deployment. The DAC is the highest decision-making body regarding procurement for the Indian Army, Air Force and Navy. Including the Defence Minister, the council also has the Chiefs of all three services, the Defence Secretary, the Secretary of Defence Production, the Secretary of Defence Research and Development, the Chief of Integrated Defence Staff, the Director General Acquisition, and the Chief of Integrated Staff Committees, who are also members of the council. A unique aspect of the QRSAM system is its tracked mobile platform concept. The system is predominantly used in offensive ground combat, mostly when tanks are advancing into enemy space. These mechanized air defense units will move along with Indian tanks as they transition through hostile areas, ready to locate and destroy aerial threats. The QRSAM system was developed by the DRDO, its missiles and radar components manufactured domestically by BEL, and the vehicle platform manufactured by BDL. The Indian Army is pursuing the acquisition of three regiments of the system. According to the official website of DRDO, Quick Reaction Surface to Air Missile System (QRSAM) is a Short Range Surface to Air Missile system designed to protect moving armoured columns from aerial attacks. The entire weapon system is configured on highly mobile platforms and is capable of providing air defence on the move. QRSAM Weapon Systems is being inducted into the Indian Army (IA). The QRSAM can intercept many aerial threats, including enemy fighter jets, attack helicopters, precision guided munitions, and other aerial platforms up to 30 kilometers away. Each launcher is mounted on an 8×8 high mobility truck and has six missile tubes; it can engage as many as six separate threats simultaneously. The system possesses robust electronic countermeasures (ECM) that protect against a jamming attempt. Importantly, the QRSAM has completed all events related to developmental and operational testing successfully. The Indian Army's air defense systems currently are vehicle-based and are Russian made, and obtained decades ago. These systems include Shilka, Tunguska, Strela-10M, Osa-AK, and Pechora. The mostly indigenous QRSAM will allow for many of these systems to be replaced. Pechora could be deployed in mobile and stationary modalities, but most of the existing systems are no longer operational due to age. The Army is introducing the Akash missile system to replace more antiquated systems as part of their modernization. Although the Akash system is effective, it is stationary, unlike the other mobile systems it replaces.
Time of India
an hour ago
- Time of India
Stock Radar: Trent stock showing signs of bottoming out; stock still down over 25% from highs – what should investors do?
Trent Ltd, a speciality retail player, has been forming higher highs for the past eight weeks, trading above its upward trendline. Despite a previous fall from an October 2024 high, the stock has found support and is regaining momentum. Trent Ltd, a key player in the speciality retail sector, has been forming higher highs for the past eight weeks on the weekly charts, and is trading well above the upper band of the upward-sloping trendline on the daily traders with a high-risk profile can look to buy the stock for a target of Rs 6,500 in the next 2-3 weeks, suggest speciality retail stock hit a high of Rs 8,345 on October 14, 2024, but it failed to
