MAHINDRA LIFESPACE DEVELOPERS LTD.
P&L
Quarterly Consolidated
vs Q2 FY25
Mahindra Lifespaces Reports Pre-sales of Rs 1749 Crore and Industrial Land Leasing of Rs 209 Crore for 9M FY25
01 Feb 2025 · 1 Feb 2025, 01:29 am
Summary
Mahindra Lifespaces Developers Limited (MLDL) announced its financial results for the quarter ended 31st December 2024, achieving 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, with a consolidated loss of Rs 23.8 crore in 9M FY25 as against a profit of Rs 26.8 crore in 9M FY24.
Key Highlights
- 1
Achieved pre-sales of Rs 1,749 crore in the residential business for 9M FY25
- 2
Industrial land leasing of Rs 209 crore for 9M FY25
- 3
Consolidated total income stood at Rs 408.4 crore in 9M FY25 vs. Rs 224.5 crore in 9M FY24
- 4
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
- 5
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
Management Comments
Mr. Amit Kumar Sinha
We recorded our highest ever GDV additions during Q3, setting us up very well to achieve 5x growth target. Q3 FY25 pre-sales was primarily driven by sustenance, though it was slow compared to last year. We launched IvyLush during the quarter and are getting a good response for the project. We are gearing for our planned launches in Q4 FY25 across our key markets. Our IC&IC business continues to benefit from strong macro tailwinds.
Informational and educational content only. Not investment advice.