Mahindra Lifespace Developers reported a ten-fold increase in its net profit for the first quarter, with net profit growing over 900% to Rs. 1598.30 million compared to the same period the previous year. Net sales increased 352% to Rs. 3031.30 million for the quarter. Earnings per share rose to Rs. 39.12 from Rs. 3.86 in the prior year. The company's stock price closed 1.93% higher, gaining over the previous day's close.

1. Mahindra Lifespace Developers Q1 Net zooms ten-fold
Mahindra Lifespace Developers Ltd | Quarterly Result as on 30-Jun-2014 | 08-Sep-2014
For the period, the Mahindra Lifespace Developers Ltd reported Net Sales of Rs 3031.30 million and Net Profit of Rs 1598.30 million. While
Net Sales rose by 352.30%, Net Profit grown by 914.15% and thereby NPM improved to 52.73% as compared to 23.52% during same period
previous FY. Equity Capital for the period under consideration has increased by 0.37% and stands at Rs 409.90 million. EPS as on 30-Jun-
2014 stands at Rs 39.12 viz-a-viz Rs 3.86 as on 30-Jun-2013.
The stock of the Mahindra Lifespace Developers Ltd at BSE opened at 541.80 touched a high 553 and low 539.20 before closing at 548.85
gaining 1.93% over previous close. The trading volume for the stock at BSE stood at 5280 shares and at NSE stood at 24796 shares.
BSE NSE
The S&P BSE Sensex closed today at 27319.85 (1.08% gain) and CNX Nifty closed at 8173.90 (1.08% gain).
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