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
Realty company Mahindra Lifespace Developers announced Q1FY25 results: Gross development value additions: Rs 1,400 crore society development in Sai Baba Nagar, Borivali (5 societies), our third such project in Mumbai Achieved pre-sales of Rs 1,019 crore (saleable area - 1.17 msft, RERA carpet area - 0.89 msft) in residential business Q1FY25 sales driven by launches in March’24 and launch of new tower in Tathawade Collections at Rs 540 crore in the residential business Achieved land leasing of 18.8 acres in the IC⁣ business for Rs 76.1 crore The consolidated total income stood at Rs 206.7 crore vs. Rs 110.1 crore in Q1FY24 and Rs 54.6 crore in Q4FY24 The consolidated PAT, after non-controlling interest, stood at Rs 12.7 crore as against loss of Rs 4.3 crore in Q1FY24 and a profit of Rs 71.5 crore in Q4 FY24 Commenting on the performance, Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers, said, “We continue to see strong momentum in our residential business. We have added healthy GDV in line with our 5X aspiration. Our IC⁣ business has also delivered a strong performance in Q1 driven by demand in the manufacturing sector. Overall, it has been an exceptional start to the year on all fronts.” Result PDF