MLDL registers 72% increase in profit
As for the quarter ended June 30, 2012, Mahindra Lifespace Developers Ltd (MLDL) has posted a 72 per cent rise in net profit.
The strong position of the company is reflected in its operating expansion as it has launched the second phase of its project at Nagpur.
Also, during the quarter, it has acquired two land parcels. These properties, in Chennai and Pune, involve development of about eight lakh square feet.
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Source: Business Line
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