273.75
2.76%
ICICI Securities Limited
Leasing in IC business to be closely watched Mahindra Lifespace Developers (MLD) reported sales volume de-growth by 24.1% YoY to 0.22 msf with sales value of | 120 crore. Standalone net sales de-grew 37.2% YoY to | 83.6 crore and was much lower than our expectation of | 133.0 crore on account of lower-than-expected revenues from projects. MLD reported negative EBITDA margins of -3.6% due to higher un-allocable expenses at | 17.4 crore. Standalone PAT de-grew 36.4% YoY to | 9.7 crore due to sharp topline de-growth sharp contraction...
Mahindra Lifespace Developers Ltd. has gained 31.20% in the last 3 Months
273.75
2.76%
ICICI Securities Limited
MLD achieved robust sales volume growth of 80.6% YoY to 0.65 million square feet (msf) (662 units) and clocked sales worth | 407 crore (2.5x YoY growth) in Q4FY19 on account of strong performance at its Centralis project (0.34 msf), Pune, where it sold 88% of the project in March, 2019. Overall, the company clocked sales volume growth of 54.5% YoY to 1.7 msf in FY19. It launched projects on 0.5 msf area & received OC for Luminare project in Q4FY19. MLD executed an agreement to purchase 6.9 acre land parcel (~0.7 msf development potential) in Pune, targeting the mid-premium segment....
Mahindra Lifespace Developers Ltd. has gained 16.61% in the last 1 Month
Mahindra Lifespace Developers Ltd.    
30 Jan 2019, 12:00AM
273.75
2.76%
ICICI Securities Limited
ICICI Securities Ltd | Retail Equity Research Mahindra Lifespace Developers (MLD) recorded better sales volume growth at 12% YoY to 0.35 msf valued at | 215 crore Standalone net sales declined 16.1% YoY to | 121.4 crore but was better than our expectation of | 79.2 crore EBITDA margins contracted 405 bps YoY to 7.1%, lower than our estimate of 11.4% due to higher employee costs PAT grew 16.8% YoY to | 15.4 crore (better than our expectation of...
Mahindra Lifespace Developers Ltd. is trading above all available SMAs
273.75
2.76%
Nirmal Bang Institutional
Mulling Venturing Into Redevelopment And Stressed Asset Projects NOT RATED We hosted a real estate conference recently where we discussed with Mr. Sumit Kasat, head-IR of Mahindra Lifespace Developers regarding the company's strategy going forward. Following are the key takeaways from the meet: 1) The company is adding new business development teams in various cities. 2) Focus on independent operations of mid-income and affordable housing portfolio. 3) IRR (internal rate of return) is not the only factor to be considered while investing in projects. 4) No intention to venture into projects involving JVs (joint ventures). 5)...
Mahindra Lifespace Developers Ltd. has gained 31.20% in the last 3 Months
273.75
2.76%
ICICI Securities Limited
EBITDA margins turned positive to 1.5% due to lower project costs as a percentage of sales (58.8% in Q2FY19 vs. 70.9% in Q2FY18) PAT grew 72.7% YoY to | 22.1 crore (our expectation: | 14.1 crore) led by better margins, lower interest expenses & lower tax rate On a consolidated basis, the topline declined 19.8% YoY to | 80.2 crore while bottomline grew robustly by 188.1% YoY to | 40.3 crore In Q2FY19, Series III NCDs worth | 200 crore were redeemed along with redemption premium and interest. With this, the company has...
Mahindra Lifespace Developers Ltd. is trading at high day volume of 106.9K.
273.75
2.76%
ICICI Securities Limited
Standalone PAT grew 42.8% YoY to | 15.2 crore (our expectation: | 10.4 crore) led by strong revenue growth On a consolidated basis, topline grew 13.2% YoY to | 154 crore while its bottomline grew robustly by 193.3% YoY to | 26.7 crore MLD repaid the last tranche of its NCDs in April 2018, taking the...
Mahindra Lifespace Developers Ltd. has gained 16.61% in the last 1 Month
Mahindra Lifespace Developers Ltd.    
30 Apr 2018, 12:00AM
273.75
2.76%
ICICI Securities Limited
Standalone net sales de-grew 51.5% YoY to | 145.3 crore (our expectation: | 110.2 crore) due to high base impact The EBITDA margins expanded sharply 1030 bps YoY to 10.5% (our expectation: 12.5%) mainly on account of lower project costs as a percentage of sales (67.2% in Q4FY18 vs. 88.2% in Q4FY17) Standalone PAT grew 223.8% YoY to | 16.5 crore. It was above our expectation of | 11.7 crore due to higher than expected other income (| 18.9 crore in Q4FY18 vs. our expectation of | 14.0 crore)...
Mahindra Lifespace Developers Ltd. is trading above all available SMAs
Mahindra Lifespace Developers Ltd.    
31 Jan 2018, 12:00AM
273.75
2.76%
ICICI Securities Limited
Mahindra Lifespace Developers' (MLD) Q3FY18 results were strong on the topline & sales volume front while weak on bottomline front MLD recorded sales of 0.25 msf in Q3FY18 worth | 156 crore due to strong sales at Windchimes Phase 2 worth | 60 crore EBITDA margins expanded 330 bps YoY to 11.1% (our expectation: 10.8%) mainly on account of lower project costs as a percentage of sales (71.0% in Q3FY18 vs. 77.2% in Q3FY17) Standalone PAT de-grew 16.6% YoY to | 13.2 crore (our expectation:...
Mahindra Lifespace Developers Ltd. has gained 31.20% in the last 3 Months
273.75
2.76%
Axis Direct
Mahindra Lifespace Developers (MLIFE) reported muted pre-sales in Q2 of Rs 1.1 bn/ 0.22 msf (vs. 1.3 bn/ 0.27 msf in Q1FY18) on account of subdued sales in key markets of MMR, Pune and NCR.
Mahindra Lifespace Developers Ltd. has lost -34.03% in the last 1 Year
Mahindra Lifespace Developers Ltd.    
31 Oct 2017, 12:00AM
273.75
2.76%
ICICI Securities Limited
MLD's sales volume de-grew 12.9% YoY to 0.22 msf in Q2FY18 owing to a challenging demand environment. Furthermore, it has inventory of 225 units in completed projects, which it plans to sell completely in FY18E. MLD has a strong pipeline of forthcoming projects of 4.9 msf. However, launches may get delayed as there are approval related issues at several forthcoming projects. For example, Kandivali & Vivante Phase II (height approvals also awaited) in Mumbai is facing dumping ground issue while Palghar project is facing environment clearance issue. Consequently, we...
Mahindra Lifespace Developers Ltd. has lost -34.03% in the last 1 Year