Mahindra Lifespace Q1 results: Net loss at 14 crore; announces 2:1 bonus share issue
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Total income for the quarter stood at Rs 154 crore as against Rs 22 crore a year ago. During the quarter, the company has achieved sales of Rs 145 crore through 0.18 million sq ft residential sales.
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The pandemic led contraction in economic activity led to a sharp slowdown in credit demand Non-food bank credit growth rose by 4.9 per cent in March 2021, lowest in more than five decades as compared to 6.7 per cent in March 2020. Loans to large industries contracted by 0.8 per cent, while loans to micro and small enterprises rose by a mere 0.5 per cent. from Stocks-Markets-Economic Times https://ift.tt/2PEULK7
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