The shares of a small-cap company under the Mahindra group, which is primarily engaged in the business of development of real estate, residential facilities, commercial complexes, and various infrastructure projects, are in focus after announcing redevelopment projects worth Rs 1,200 crore.
Price Action
The shares of Mahindra Lifespace Developers Ltd, with a total market capitalization of Rs 4,803.84 Crore on Thursday, reached an intraday high at Rs 314.10 per share, gaining around 3 percent in the morning session today. As of noon, the shares retreated and were trading at Rs 310 apiece, which was 1.5 percent higher than the previous closing price of Rs 305.2.
What Happened
As per a press release dated April 2, 2025, Mahindra Lifespaces announced that it has been appointed as the preferred partner for the redevelopment of two residential societies in the Lokhandwala Complex, Andheri West, Mumbai. The project value is estimated at Rs 1,200 crore approximately, and it will be implemented under the state’s cluster development scheme. The ideal location of the redevelopment site, which is near the upcoming Versova-Bandra Sealink, provides excellent connectivity to other parts of the city.
Management Commentary
The CEO & MD, Mr. Amit Kumar Sinha, stated that this milestone greatly strengthens the company’s presence in Mumbai’s western suburbs, which is a pivotal market for its growth ambitions. He added that the company will leverage its expertise to create an exceptional living experience in the city.
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Financials
The company reported an increase of 104 percent YoY in revenue from operations from Rs 82 crore in Q3FY24 to Rs 167 crore in Q3FY25. However, the company reported a net loss of Rs 22 crore in Q3FY25 as against a net profit of Rs 50 crore the previous year.
About Mahindra Lifespace Developers Ltd
Mahindra Lifespace Developers Ltd, a pan-India real estate developer, operates through two key verticals: residential projects under the brands Mahindra Lifespaces and Mahindra Happinest and integrated cities and industrial clusters under the ‘Mahindra World City’ and ‘Origins by Mahindra’ brands. As of December 2024, Mahindra & Mahindra Limited holds 51.15 percent of the stake in Mahindra Lifespace Developers Ltd.
Written By Adhvaitha Nayani
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