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