Mahindra Lifespace FY'10 net up 20 pc to Rs 78.49 cr

Mahindra Lifespace Developers, the real estate and infrastructure development arm of the Mahindra group, on Friday said its consolidated net profit rose by 19.57 percent to Rs 78.49 crore for the year ended March 2010.

Income from operations rose to Rs 417.86 crore for the year ended March 2010, compared to Rs 341.78 crore in the last fiscal, Mahindra Lifespace said in a filing to the Bombay Stock Exchange (BSE).

The company has recommended a dividend of 35 percent or Rs 3.50 per share.

Shares of Mahindra Lifespace today closed at Rs 507.30 on the BSE, down 1.21 percent from previous close.