Realty company Mahindra Lifespace Developers announced H1FY25 & Q2FY25 results Financial Highlights: Achieved pre-sales of Rs 1,415 crore, 77% YoYT growth, Q2FY25 - Rs 397 crore in residential business. Gross development value additions in H1FY25: Rs 1,800 crore society development in Sai Baba Nagar, Borivali (7 societies), our third such project in Mumbai. Rs 250 crore GDV potential from 2- acre land parcel adjacent to our Project ‘Mahindra Zen’ in Bengaluru. Collections at Rs 999 crore [Rs 459 crore in Q2FY25] from the residential business. Achieved land leasing of 34.9 acres in the IC⁣ business for Rs 163.2 crore [Q2FY25 - 16.1 acres for Rs 87.1 crore]. The consolidated total income stood at Rs 16.0 crore in Q2FY25 vs. Rs 25.7 crore in Q2FY24 and Rs 206.7 crore in Q1FY25. The consolidated loss, after non-controlling interest, stood at Rs 14.0 crore in Q2FY25 as against loss of Rs 19.0 crore in Q2FY24 and a profit of Rs 12.7 crore in Q1FY25. The consolidated total income stood at Rs 222.7 crore in H1FY25 vs. Rs 135.8 crore in H1FY24. The consolidated loss, after non-controlling interest, stood at Rs 1.3 crore in H1FY25 as against loss of Rs 23.2 crore in H1FY24. Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers, said: “We had a strong H1FY25 performance driven by our project launches in earlier months, though the quarter was little muted. The real estate industry is witnessing strong tailwinds especially in the mid-premium and premium segments. We have an exciting set of launches planned for the reminder of the year. Our IC⁣ business has continued to deliver a strong performance with increasing demand for manufacturing and favourable policy announcements from the Government.” Result PDF