Mahindra Lifespace posts loss of Rs 11 crore in October-December

Mahindra Lifespace Developers Ltd posted a consolidated net loss of 111.9 mln rupees for the December quarter, as against a net profit of 18.1 mln rupees a year ago. Loss narrowed from the 133.3 mln rupees loss posted in Jul-Sep. Revenue from operations for the quarter fell 17.3% to 651.6 mln rupees. Sequentially, revenue rose over two-fold.