Maximize Your Knowledge About Mahindra Lifespace Developers Ltd 📈
Are you interested in learning more about Mahindra Lifespace Developers Ltd and their financial performance? Dive into the details of their consolidated net profit, total income, and key operational achievements during the last fiscal year. Keep reading to expand your knowledge about this real estate and infrastructure development business of the Mahindra Group.
Exploring Mahindra Lifespace Developers Ltd 🏢
As you explore Mahindra Lifespace Developers Ltd, you will discover key information about their financial performance and operational achievements. Consider the following insights:
– Mahindra Lifespace reported a marginal decline in consolidated net profit to Rs 97.89 crore in the last fiscal year.
– This occurred due to lower income compared to the preceding year.
– The total income of the company fell to Rs 279.12 crore during the last fiscal year from Rs 659.56 crore in 2022-23.
– Despite the decline, Mahindra Lifespace continues to be a significant player in the real estate and infrastructure development sector.
Financial Highlights of Mahindra Lifespace Developers Ltd 💰
Delve into the financial highlights of Mahindra Lifespace Developers Ltd to gain a comprehensive understanding of their performance:
– In the fourth quarter of the last fiscal year, the company’s consolidated net profit surged to Rs 71.15 crore.
– This marked a significant increase from just Rs 55 lakh in the year-ago period.
– Although the total income declined to Rs 54.60 crore in the quarter, the company remains focused on achieving sustainable growth.
– Amit Sinha, Managing Director & CEO of Mahindra Lifespace Developers, highlighted the successful launches and sales achievements of the company.
– He mentioned closing the fiscal year with over Rs 4,400 crore of GDV in business development, showcasing the company’s strong market presence.
Operational Achievements and Footprint 🌏
Explore the operational achievements and expansion footprint of Mahindra Lifespace Developers Ltd to understand their strategic growth initiatives:
– The company achieved its highest-ever pre-sales of Rs 2,328 crore in the residential business during the last fiscal year.
– This achievement was supported by successful sales of saleable area and RERA carpet area across various projects.
– Additionally, the company secured land leasing agreements for 119.4 acres in the industrial business, amounting to Rs 370 crore.
– With a development footprint spanning 37.33 million square feet, Mahindra Lifespace boasts completed, ongoing, and forthcoming residential projects in seven Indian cities.
– The company also manages over 5,000 acres of ongoing and forthcoming projects across integrated developments and industrial clusters in four locations.
Hot Take: Stay Informed and Empowered 🔥
Empower yourself with the latest insights about Mahindra Lifespace Developers Ltd to make informed decisions regarding your investments and industry knowledge. Strengthen your understanding of the company’s financial performance and operational achievements for a well-rounded perspective on their growth trajectory.
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