Mahindra Lifespace Developers Ltd
NSE:MAHLIFE
Mahindra Lifespace Developers Ltd
Mahindra Lifespace Developers Ltd. engages in the development of residential projects and infrastructure developments, such as business cities, parks and clusters. The company is headquartered in Mumbai, Maharashtra and currently employs 349 full-time employees. The company went IPO on 2000-05-12. The firm along with its subsidiary companies is engaged in the development of residential projects and large formats developments such as integrated cities and industrial clusters. Its segments include projects, project management, and development and operating of commercial complexes. The Projects, Project Management & Development segment includes income from the sale of residential units across projects, project management, and development in India. The Operating of commercial complexes segment includes rental income from commercial properties in New Delhi. The company serves both consumer households and businesses. Its projects include Luminare in Gurugram, Roots in Kandivali, Mumbai, Vicino in Andheri, Mumbai, Happinest palghar I in Palghar, Mumbai, Happinest kalyan in Kalyan, Mumbai, Bloomdale in Nagpur, Lakewoods in Chennai, Aqualily in Chennai, Alcove in Mumbai and Mahindra world city in Chennai.
Mahindra Lifespace Developers Ltd. engages in the development of residential projects and infrastructure developments, such as business cities, parks and clusters. The company is headquartered in Mumbai, Maharashtra and currently employs 349 full-time employees. The company went IPO on 2000-05-12. The firm along with its subsidiary companies is engaged in the development of residential projects and large formats developments such as integrated cities and industrial clusters. Its segments include projects, project management, and development and operating of commercial complexes. The Projects, Project Management & Development segment includes income from the sale of residential units across projects, project management, and development in India. The Operating of commercial complexes segment includes rental income from commercial properties in New Delhi. The company serves both consumer households and businesses. Its projects include Luminare in Gurugram, Roots in Kandivali, Mumbai, Vicino in Andheri, Mumbai, Happinest palghar I in Palghar, Mumbai, Happinest kalyan in Kalyan, Mumbai, Bloomdale in Nagpur, Lakewoods in Chennai, Aqualily in Chennai, Alcove in Mumbai and Mahindra world city in Chennai.
Strong Q3 Profit: Q3 PAT reached INR 109 crores, a sharp turnaround from negative INR 23 crores in Q3 last year, driven by successful project completions.
Sales Momentum: Residential presales hit INR 572 crores for Q3, with 9-month presales at INR 1,773 crores. Major new launches and continued demand support further growth.
IC Business Robust: Industrial Clusters (IC) business grew nearly 30% in 9 months, with strong leasing in Jaipur and Chennai and healthy margins.
Balance Sheet Strength: Net debt-to-equity is negative (-0.12), with low cost of debt at 6.7%, reflecting a conservative and healthy financial position post rights issue.
Upbeat Guidance: Guidance for FY '27 presales maintained at INR 4,500–5,000 crores, with project pipeline and launches supporting future growth.
