Realty company Mahindra Lifespace Developers announced Q3FY25 results Achieved pre-sales of Rs 1,749 crore in the residential business (saleable area – 2.15 msft, RERA carpet area – 1.62 msft). Q3FY25 pre-sales of Rs 334 crore (saleable area – 0.45 msft, RERA carpet area - 0.33 msft). Achieved revenues through land leasing of 47.3 acres in the IC⁣ business for Rs 208.9 crore. During Q3FY25, 12.4 acres were leased for Rs 45.7 crore The consolidated total income stood at Rs 185.8 crore in Q3FY25 vs. Rs 88.8 crore in Q3 FY24 and Rs 16.0 crore in Q2FY25. The consolidated loss, after non-controlling interest, stood at Rs 22.5 crore in Q3FY25 as against profit of Rs 50.0 crore in Q3 FY24 and a loss of Rs 14.0 crore in Q2FY25. Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers, said: “We recorded our highest ever GDV additions during Q3, setting us up very well to achieve 5x growth target. Q3FY25 pre-sales was primarily driven by sustenance, though it was slow compared to last year. We launched IvyLush during the quarter and are getting a good response for the project. We are gearing for our planned launches in Q4FY25 across our key markets. Our IC⁣ business continues to benefit from strong macro tailwinds.” Result PDF
