Mahindra Lifespace Developers' (MLD) reported weak Q2FY17 numbers with sales volumes at 0.25 lakh sq ft (our estimate: 0.3 lakh sq ft). Even on the financial front, results were below our estimates Mahindra Lifespace Developers' standalone revenues de-grew 22.1% YoY to | 95.0 crore (our estimate of | 125.6 crore) EBITDA margin fell 1061 bps YoY to 6.1% (our estimate: 14.6%) Standalone PAT de-grew 53.8% YoY to | 12.7 crore (our estimate: | 25.4 crore) due to topline miss & lower than expected other income...