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The company had posted a PAT of Rs 33.42 crore in the corresponding period last financial year, Mahindra Lifespace Developers said in a statement.
However, the standalone income from operations during the quarter fell by 1.32 per cent to Rs 153.77 crore from Rs 155.82 crore in the year-ago period, it added.
"Sales of residential units by the company and its subsidiaries stood at Rs 302 crore, the highest ever sales in a quarter," the company said.
The shares of the company were trading 3.08 per cent down at Rs 275.35 apiece during late afternoon on the Bombay Stock Exchange.
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