Real estate firm Mahindra Lifespace Developers today said its standalone profit after tax (PAT) rose by 5.34% to R32.12 crore for the quarter ended March 31, 2012. The company had posted a profit after tax of R30.49 crore for the quarter ended March 31, 2011. Standalone income from operations stood at R139.96 crore for the quarter ended March 31, 2012 as against R163.83 crore for the same period last fiscal, the company said in a statement.
The board has also recommended dividend of R6 per equity share of R10 each on 40,835,150 equity shares, Mahindra Lifespace Developers said. PAT for the year ended March 31, 2012 stood at R120.16.