Mahindra Lifespace Posts Net Loss

Realty firm Mahindra Lifespace Developers Ltd reported a consolidated net loss of Rs 223.9 crore for the quarter ended March due to lower income and provisioning of loss in a joint venture project in Delhi-NCR. The company had posted a net profit of Rs 31.27 crore in the year-ago period, according to a regulatory filing. Mahindra Lifespace, the real estate arm of the Mahindra group, posted a total income of Rs 110.78 crore in the fourth quarter of 2019-20 as against Rs 246.88 crore in the corresponding period of previous year.