The shares of Mahindra Lifespace Developers Ltd, a Mahindra Group company, are trading at their all-time high of Rs 427.70 and gave a return of 71.77% so far in 2022 YTD. Mahindra Lifespace Developers, founded in 1994, is an Indian real estate and infrastructure development company.
This Mahindra company is involved in the business of developing real estate, residential facilities, commercial complexes, and various other infrastructure projects. It has a market cap of Rs 6,574.63 Cr and currently trading at a TTM PE of 42.56 as per Trade Brains Portal data.
The Mahindra Lifespace Developers’ shares have more than doubled the shareholder’s investments in the last one year by giving whopping returns of 126.78% in this time period.
Earlier, the company reported a consolidated net profit of Rs 154.5 crore for the last fiscal of FY22. It had posted a net loss of Rs 71.7 crore in the preceding fiscal. According to a regulatory filing, its consolidated total income stood at Rs 408.2 crore in the last fiscal against Rs 187.8 crore in FY21.
Arvind Subramanian, Managing Director, and CEO, Mahindra Lifespace Developers Ltd, had commented previously, “FY22 has been a year of strong growth. Our residential pre-sales grew by almost 50 percent to Rs 1,028 crore while our industrial leasing has grown by 130 percent to Rs 298 crore”.
