Mahindra Lifespaces' net profit dips 28% in Q3 FY19

Mahindra Lifespace Developers registered a dip of 28 per cent in its consolidated net profit during the quarter ended December 31, 2018. Its profit after tax (PAT) stood at Rs 19.43 crore as against Rs 27.14 crore Its consolidated net income stood at Rs 137.4 crore, a dip of 26 per cent from Rs 185.64 crore it registered in the previous quarter last year. Japan's Yanmar Group recently leased 22.8 acres in ORIGINS by Mahindra World City, North Chennai. The company also leased out 16.2 acres to three customers for Rs 34 crore in Mahindra World City, Jaipur.