Mahindra Lifespace Developers pre-sales rise 66% to nearly Rs 2,000 cr in Apr-Sep
Indian markets moved higher in a quarterly results development.
· Economic Times Markets
Mahindra Lifespace Developers Ltd has seen impressive financial growth, with sales bookings skyrocketing by 66% to reach Rs 1,988 crore this year. The second quarter alone saw bookings rise to Rs 1,063 crore from Rs 752 crore in the previous year. While tax expenses increased, net profit for the September quarter stood at Rs 16.34 crore, and total income surged to Rs 104.
The analysis
Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
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Financial Services
1M -6.9% · 3M -13.6%
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