Mahindra Lifespace Developers Ltd (MAHLIFE)

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.

Mahindra Lifespace Acquires Land in Bengaluru's Whitefield Area - 28 Mar, 2024

Mahindra Lifespace Developers has acquired a 2-acre land in Whitefield, East Bengaluru, with a developing potential of around 0.2 million square feet of saleable area and a gross development value of approximately Rs 225 crore. The company projects a revenue guidance of Rs 2,500 crore for residential business for fiscal year 2025. Mahindra Lifespace Developers' consolidated net profit jumped 50.6% to Rs 50 crore in Q3 FY24.