Sri Lotus Developers & Realty Q3 Profit Soars 37% to Rs 70 Cr

• Sri Lotus Developers & Realty Ltd reported a 37% increase in consolidated net profit for the December quarter.
• Net profit reached Rs 70.22 crore, up from Rs 51.35 crore in the year-ago period.
• Total income sharply rose to Rs 239.78 crore in Q3 FY from Rs 123.59 crore in the previous year.
• The Mumbai-based company, incorporated in 2015, has completed four projects totaling over 4.2 lakh sq ft.
• Currently, Sri Lotus Developers & Realty has six ongoing and 14 upcoming developments covering 39.5 lakh sq ft of carpet area.