NEW DELHI: Sri Lotus Developers & Realty Ltd announced a 37% increase in consolidated net profit, reaching Rs 70.22 crore for the December quarter, compared to Rs 51.35 crore in the same period last year.
The company’s total income surged to Rs 239.78 crore in the third quarter of this fiscal year, up from Rs 123.59 crore in the corresponding quarter of the previous year, as reported in a regulatory filing.
Founded in 2015 and based in Mumbai, Sri Lotus Developers & Realty has successfully completed four projects totaling over 4.2 lakh sq ft of carpet area. They currently have six ongoing projects and 14 forthcoming developments, which will cover a total of 39.5 lakh sq ft of carpet area and 31.8 lakh sq ft of saleable area.
