Mumbai, January 31, 2025 – Mahindra Lifespace Developers Limited (BSE: 532313, NSE: MAHLIFE) has announced its unaudited financial results for the third quarter (Q3) and nine months (9M) ended December 31, 2024, showing a notable turnaround in profitability driven by increased revenue from operations.
Key Financial Highlights (Standalone)
Metric
Q3 FY25 (₹ Lakhs)
Q2 FY25 (₹ Lakhs)
Q3 FY24 (₹ Lakhs)
9M FY25 (₹ Lakhs)
9M FY24 (₹ Lakhs)
Revenue from operations
16,170
206
206
34,563
1,614
Total Income
26,328
6,347
1,015
52,828
7,938
Profit/(Loss) before tax
6,622
(71)
(3,853)
3,205
(5,154)
Net Profit/(Loss)
4,773
(59)
(2,883)
2,339
(3,280)
Basic EPS (₹)
3.08
(0.04)
(1.86)
1.51
(2.12)
Key Takeaway:Mahindra Lifespace Developers posted a significant increase in revenue and returned to profitability in Q3 FY25 compared to a loss in Q3 FY24.
Segment Performance (Standalone)
Segment
Q3 FY25 Revenue (₹ Lakhs)
9M FY25 Revenue (₹ Lakhs)
Projects, Project Mgmt. & Development
16,058
34,217
Operating of Commercial Complexes
112
346
Real estate projects remain the primary revenue driver, while the commercial segment contributes marginally.
Key Financial Highlights (Consolidated)
Metric
Q3 FY25 (₹ Lakhs)
Q2 FY25 (₹ Lakhs)
Q3 FY24 (₹ Lakhs)
9M FY25 (₹ Lakhs)
9M FY24 (₹ Lakhs)
Revenue from operations
16,728
761
8,199
36,303
19,780
Total Income
18,577
1,596
8,877
40,843
22,452
Profit/(Loss) before tax
(515)
(1,399)
3,909
(1,606)
(429)
Net Profit/(Loss)
(2,247)
(1,401)
5,002
(2,374)
2,682
Basic EPS (₹)
(1.45)
(0.90)
3.23
(1.53)
1.73
Key Takeaway:While the standalone results reflect a return to profitability, the consolidated results show continued losses due to joint ventures and other associated entities.
Key Developments & Strategic Highlights
Stock Option Exercise – The company issued 76,052 shares through the Employee Stock Option Scheme (ESOS), increasing equity capital by ₹7.61 lakhs.
Reversal of Impairment Loss – A positive adjustment of ₹2,291 lakhs in Mahindra Homes Pvt Ltd (MHPL)contributed to the previous year's results.
Net Worth: ₹1,52,749 lakhs (Standalone), ₹1,81,058 lakhs (Consolidated).
Management Commentary
Amit Kumar Sinha, Managing Director & CEO, stated: "Our Q3 performance reflects a strong improvement in revenue recognition from ongoing projects. We remain focused on sustainable growth, strategic partnerships, and enhancing our project pipeline to deliver long-term value to our stakeholders."
Outlook
Growth Prospects:
Strong sales pipeline expected to boost revenue further in Q4 FY25.
Expansion in key markets with a focus on residential and industrial segments.
Prudent financial management with controlled expenses and sustainable debt levels.
Challenges:
High interest rates and economic uncertainties impacting real estate demand.
Competitive pressure in key urban centers.
Conclusion
Mahindra Lifespace Developers has shown resilience in Q3 FY25 with a turnaround in standalone profitability. The revenue surge and cost efficiency measures have driven strong operational performance, though consolidated results remain under pressure due to joint ventures.
With ongoing project completions and positive market momentum, the company appears poised for further recovery in FY25.
Key Takeaway: Mahindra Lifespace Developers posted a significant increase in revenue and returned to profitability in Q3 FY25 compared to a loss in Q3 FY24.
Real estate projects remain the primary revenue driver, while the commercial segment contributes marginally.