Mahindra Motors India: Mahindra Lifespace Q2 Net up 21 pc at INR 23.47 cr Also Read - Tata Motors launches Harrier SUV;price starts at Rs 12.69 lakh

Total income, however, fell to INR 193 crore in the second quarter of this fiscal from INR 208 crore in the corresponding period of the previous year, Mahindra Lifespace said in a filing to the BSE. Also Read - Maha: 3 dead, 1 injured in road accident in Parbhani

“Growth through better execution and increased profitability due to lower interest cost has been the key highlights of this quarter,” company's CFO Jayantt Manmadkar said. Also Read - Czech bike brand Jawa sets up 3 additional dealerships

Shares of the firm fell 3.74 per cent to settle the day at INR 511.90 apiece on the BSE.