Mahindra Lifespace Developers Ltd's Q3FY25 Quarter Results
- 01 Feb 2025
Result Summary
- Mahindra Lifespace Developers Ltd reported a 1064.0% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 109.3%.
- Its expenses for the quarter were up by 202.8% QoQ and 60.5% YoY.
- The net profit increased 60.4% QoQ and decreased 144.9% YoY.
- The earnings per share (EPS) of Mahindra Lifespace Developers Ltd declined at 1.4 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 185.77 | 15.96 | 88.77 | 1064.0% | 109.3% |
Total Expenses | 200.88 | 66.33 | 125.12 | 202.8% | 60.5% |
Profit Before Tax | -15.11 | -50.37 | -36.35 | -70.0% | -58.4% |
Tax | 17.32 | 0.02 | -10.93 | 86500.0% | -258.5% |
Profit After Tax | -22.47 | -14.01 | 50.02 | 60.4% | -144.9% |
Earnings Per Share | -1.40 | -0.90 | 3.20 | 55.6% | -143.7% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Mahindra Lifespace Developers Ltd is a prominent real estate and infrastructure development company in India. It operates in the real estate sector, primarily focusing on residential and commercial developments. The company is a subsidiary of the Mahindra Group, which is a well-known conglomerate in India. Mahindra Lifespace Developers Ltd is recognized for its commitment to sustainable development and has been actively involved in creating integrated cities and industrial parks. Recently, the company has been focusing on expanding its presence in key metropolitan regions across India and enhancing its portfolio with diverse housing projects. As of the most recent data, no additional major developments have been publicly disclosed.
Revenue
In Q3FY25, Mahindra Lifespace Developers Ltd reported a total income of ₹185.77 crores, reflecting a substantial increase both quarter-over-quarter (QoQ) and year-over-year (YoY). The revenue surged by 1064.0% QoQ compared to ₹15.96 crores in Q2FY25. Similarly, there was a notable YoY growth of 109.3% when compared to the ₹88.77 crores recorded in Q3FY24. This significant spike in revenue indicates an upward trajectory in the company's income generation during this quarter.
Profitability
For the quarter ending Q3FY25, the company recorded a profit before tax (PBT) of -₹15.11 crores. This represents an improvement of 70.0% QoQ from -₹50.37 crores in Q2FY25, and a 58.4% YoY improvement compared to -₹36.35 crores in Q3FY24. Despite the negative PBT, the company showed a reduction in losses. The tax expense for Q3FY25 was ₹17.32 crores, a significant increase from both the previous quarter and the same quarter last year. The profit after tax (PAT) was -₹22.47 crores, which worsened by 60.4% QoQ from -₹14.01 crores in Q2FY25, and a substantial decline of 144.9% YoY from a profit of ₹50.02 crores in Q3FY24. Earnings per share (EPS) also decreased to -₹1.40 from -₹0.90 in the previous quarter, and from ₹3.20 in the same quarter last year, reflecting the impact on shareholder returns.
Operating Metrics
The operating expenses for Mahindra Lifespace Developers Ltd in Q3FY25 were ₹200.88 crores, marking a significant rise of 202.8% QoQ from ₹66.33 crores in Q2FY25, and a 60.5% YoY increase from ₹125.12 crores in Q3FY24. This rise in expenses was substantial and exceeded the increase in revenue, impacting the overall profitability. The financial data shows a considerable increase in the tax expense, which was ₹17.32 crores in Q3FY25, compared to a minimal ₹0.02 crores in Q2FY25 and a tax rebate of -₹10.93 crores in Q3FY24. This resulted in an increased tax burden on the company's financials for this quarter. The company's focus on expanding its operations and the associated costs are reflected in the rising expenses and taxations during this period.
