Residential projects build Mahindra Lifespaces profit.

Mahindra Lifespaces net profit for the third quarter ended December 31 was up 23 per cent at Rs. 16.6 crore against Rs. 13.5 crore in the year-ago period on a standalone basis.

According to MD and CEO Anita Arjundas, the combined factors of improved sales performance in residential projects, focus on better execution and addition of new customers to its Mahindra World City projects in Chennai and Jaipur helped the company post an increased net profit.

HBL