Quarterly Result1 Feb 2025, 01:29 am
Mahindra Lifespaces Reports Pre-sales of Rs 1749 Crore and Industrial Land Leasing of Rs 209 Crore for 9M FY25
AI Summary
Mahindra Lifespaces Developers Limited (MLDL), the real estate and infrastructure development business of the Mahindra Group, announced its financial results for the quarter ended 31st December 2024. The company achieved pre-sales of Rs 1,749 crore in the residential business and industrial land leasing of Rs 209 crore for the nine months ended December 31, 2024. The consolidated total income stood at Rs 408.4 crore in 9M FY25 vs. Rs 224.5 crore in 9M FY24. The consolidated loss, after non-controlling interest, stood at Rs 23.8 crore in 9M FY25 as against profit of Rs 26.8 crore in 9M FY24.
Key Highlights
- Achieved pre-sales of Rs 1,749 crore in the residential business for 9M FY25
- Industrial land leasing of Rs 209 crore for 9M FY25
- Consolidated total income stood at Rs 408.4 crore in 9M FY25 vs. Rs 224.5 crore in 9M FY24
- Consolidated loss, after non-controlling interest, stood at Rs 23.8 crore in 9M FY25 as against profit of Rs 26.8 crore in 9M FY24
- Added a 37-acre land parcel (JDA) at Bhandup with a GDV potential of Rs 12,000 crore and acquired an 8-acre land parcel near Bengaluru airport with a GDV potential of Rs 1,000 crore