Bigul

MAHINDRA LIFESPACE DEVELOPERS LTD. - 532313 - Intimation Of Product Launch

Intimation under Regulation 30-Product Launch
05-02-2024

Mahindra Lifespace Developers Results Earnings Call for Q3FY24

Conference Call with Mahindra Lifespace Developers Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.
05-02-2024

Mahindra Lifespace Q3 Results: Profit Jumps 47%, Beats Estimates

Revenue was down 56.1% in Q3 at Rs 82 crore as against Rs 186.9 crore over the same period last year.
02-02-2024
Bigul

Q3FY24 Quarterly & 9MFY24 Result Announced for Mahindra Lifespace Developers Ltd.

Realty company Mahindra Lifespace Developers announced Q3FY24 & 9MFY24 results: Q3FY24: Acquired 5.38 acres of land in Wagholi, Pune with a development potential of more than 1.50 msft (saleable area) Achieved pre-sales of Rs 443 crore (saleable area - 0.53 msft, RERA carpet area - 0.37 msft) in residential business Launched 0.62 msft of saleable area (RERA carpet area - 0.39 msft) at Mahindra Citadel phase 2 at Pune and Happinest Palghar 2 phase 2 Collections at Rs 386 crore in residential business Achieved land leasing of 77.4 acres in the industrial business for Rs 224 crore The consolidated total income stood at Rs 89 crore as against Rs 198 crore in Q3FY23 and Rs 26 crore in Q2FY24 The consolidated PAT, after non-controlling interest, stood at Rs 50 crore as against a profit of Rs 33 crore in Q3FY23 and a loss of Rs 19 crore in Q2FY24 9MFY24: Achieved pre-sales of Rs 1,243 crore (saleable area - 1.63 msft, RERA carpet area – 1.19 msft) in residential business for 9MFY24 Launched 1.47 msft of saleable area (RERA carpet area – 1.07 msft) across Mahindra Citadel phase 2, Tathawade phase 3 at Pune, Lakefront Estates plotted development at Chennai and Happinest Palghar 2 phase 2 Collections at Rs 973 crore in residential business for 9MFY24 Achieved land leasing of 90.1 acres in the industrial business for Rs 271 crore The consolidated total income stood at Rs 225 crore as against Rs 389 crore in 9MFY23 The consolidated PAT, after non-controlling interest, stood at Rs 27 crore as against a profit of Rs 101 crore in 9MFY23 Commenting on the performance, Amit Sinha, Managing Director & CEO, Mahindra Lifespace Developers, said, “Our IC⁣ business has demonstrated robust traction, delivering Rs 224 crore of leasing revenues in the current quarter. The surge in manufacturing activity has increased the demand for our industrial clusters and world cities. On the residential front, our pre-sales reached Rs 443 crore, driven by the successful launch of Mahindra Citadel Phase 2. We see a strong momentum in our business to capitalize on the favorable macro trends fueling the real estate sector.” Result PDF
02-02-2024
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