• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Mumbai, April 26

Mahindra Lifespace Developers Ltd, the real estate and infrastructure development arm of the Mahindra Group, has registered a 361 per cent rise in net profit at Rs 65.38 crore for the year-ended March 31, 2008, against Rs 14.18 crore logged during the previous year. Total income increased from Rs 163.26 crore to Rs. 219.96 crore, registering a growth of 35 per cent. The earnings per share for the year is Rs 16, compared to Rs 3.82 in the previous year. The board of direct ors has recommended payment of dividend on the 10.5 per cent non-cumulative redeemable preference capital and 25 per cent on the outstanding equity capital. Together with the dividend distribution tax, the amount absorbed would be Rs 13.16 crore, a release from the company said.

— Our Bureau

More Stories on : Real Estate & Construction

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
GSK Consumer Healthcare Q1 net up 34% at Rs 56 cr

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line