Mahindra Lifespace Developers Ltd (MAHLIFE)

Sharekhan Retains Buy Rating on Mahindra Lifespace Developers - 03 May, 2024

Sharekhan has retained its Buy rating on Mahindra Lifespace Developers with a revised price target of Rs 785, citing strong momentum in residential sales and a solid growth trajectory. The company has a strong launch and business development pipeline for the next two years, focusing on MMR, Pune, and Bangalore markets. It is expected to benefit from low interest rates, favourable government policies, and China Plus One strategy.

Mahindra Lifespace Reports Robust Residential Sales Bookings - 02 May, 2024

Mahindra Lifespace Developers Limited (MLDL) reported residential sales bookings of Rs. 1086 crore for Q4FY2024, up 3x YoY and 2.5x QoQ, driven by strong response garnered for Vista, the Kandivali projects launch. Collections too remained healthy at Rs. 412 crore. The company remains on a solid growth trajectory with a vision to multiply manifold over the next four years, focusing on MMR, Pune, and Bangalore markets. Retain Buy rating on the stock with a revised price target (PT) of Rs. 785.

ICICI Securities Cuts Rating on Mahindra Lifespace Developers to HOLD - 30 Apr, 2024

Mahindra Lifespace Developers has unveiled a strategy of reaching INR 80-100bn of annual residential plus industrial cluster sales by CY28. The company clocked INR 23.3bn of sales bookings in FY24, and ICICI Securities expects the company's residential bookings to scale up further to INR 28.4bn in FY25E and INR 35.5bn in FY26E. ICICI Securities cut its rating to HOLD from Add post the 16% run-up in the stock price in the last three months with an unchanged target price of INR 649/share.

Mahindra Lifespace Reports Strong Q4 Results and Positive Outlook - 29 Apr, 2024

Mahindra Lifespace Developers reported a steep increase in net profit for Q4 FY24 and is confident of exceeding its pre-sales growth guidance for FY25. The company also achieved strong operational performance with multi-quarter high bookings and collections. However, standalone net sales for March 2024 were down 98.98% YoY.

Mixed Results for Mahindra Group Companies - 28 Apr, 2024

Mahindra Holidays & Resorts reports positive Q4 results, while Mahindra Lifespace Developers misses expectations with declining revenue. The former forecasts a decline in revenue over the next two years, while the latter predicts growth.

Mixed Results for Mahindra Group Companies - 27 Apr, 2024

Mahindra Holidays & Resorts India Ltd reports a strong Q4 with a 47.7% YoY increase in consolidated profit after tax, while Mahindra Lifespace Developers Ltd sees a marginal decline in consolidated net profit due to lower income.

Mahindra Lifespace Reports Strong Q4 Results - 26 Apr, 2024

Mahindra Holidays & Resorts India Ltd reported a strong Q4 FY24 with a 47.7% YoY increase in consolidated profit after tax and robust member additions. Mahindra Lifespace Developers also reported their Q4FY24 results.

Mahindra Lifespace Developers Stock Up 433% in Five Years - 23 Apr, 2024

Despite a downward trend in earnings, Mahindra Lifespace Developers stock has gained 4.7%, bringing five-year gains to 433%. The decoupling of revenue growth and share price growth is unusual for loss-making companies, but the company's TSR for the last five years was 433%, which exceeds the share price return. Shareholders have received a total shareholder return of 78% over one year, including dividends.

Mahindra Lifespace Sells Homes Worth Rs 350 Crore - 19 Apr, 2024

Mahindra Lifespace Developers has successfully launched Bengaluru's first net zero waste + energy residential project, Mahindra Zen, and sold over 150 homes within just two days, valued at Rs 350 crore. The company's consolidated net profit rose by 50.6% to Rs 50 crore in Q3 FY24, while revenue from operations tumbled by 56.13% to Rs 81.99 crore.

Mahindra Lifespaces' Net-Zero Waste Project Receives Strong Response - 18 Apr, 2024

Mahindra Lifespaces' innovative offering of sustainable living solutions has received strong demand from homebuyers, with over 150 homes booked within just two days for their net-zero waste and energy residential project, Mahindra Zen.

Mahindra Lifespace Developers Ltd Stock Rises 5.20% - 05 Apr, 2024

Mahindra Lifespace Developers Ltd stock rose by 5.20% to Rs.657.10, with a volume of 63405 shares on BSE, which is a 1.87 fold spurt over the two-week average daily volume of 33853 shares.