Mahindra Lifespace Developers Ltd. announced its Q3 FY25 results, revealing consolidated total income of Rs 185.8 crore, up from Rs 88.8 crore in Q3 FY24, representing a 109% YoY increase. However, the company posted a consolidated loss of Rs 22.5 crore, contrasting sharply with a profit of Rs 50 crore in Q3 FY24.
The company’s pre-sales for Q3 FY25 stood at Rs 334 crore, driven by a saleable area of 0.45 million sq. ft. Despite slower sales compared to the previous year, the company achieved a gross development value (GDV) of Rs 14,050 crore during the nine-month period, marking a significant jump from Rs 2,360 crore in 9M FY24.
In its industrial land leasing segment, Mahindra Lifespaces achieved revenue of Rs 208.9 crore for 9M FY25, including Rs 45.7 crore during Q3. The company also reported cumulative collections of Rs 1,365 crore from residential projects, showcasing robust cash flow generation.
Managing Director and CEO Amit Kumar Sinha highlighted the company’s highest-ever GDV additions and stated that Q4 FY25 launches across key markets will be pivotal in accelerating growth. The company’s strategic initiatives, such as acquiring key land parcels in Bengaluru and expanding industrial clusters, are expected to play an essential role in future profitability.
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