Mahindra Lifespace Developers, incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 5560.45 Crore) operating in Real Estate sector.
Mahindra Lifespace Developers key Products/Revenue Segments include Income from Project Development, Income from Sale of Commercial Flats, Shops & Plots and Project Management Fees for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 198.14 Crore, up 168.41 % from last quarter Total Income of Rs 73.82 Crore and up 494.66 % from last year same quarter Total Income of Rs 33.32 Crore. Company has reported net profit after tax of Rs 28.45 Crore in latest quarter.
The company’s top management includes Mr.Ameet Hariani, Mr.Arvind Subramanian, Ms.Amrita Chowdhury, Dr.Anish Shah, Ms.Asha Kharga, Ms.Rucha Nanavati. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-12-2022, the company has a total of 15 Crore shares outstanding.
Investment Rationale
Given the tailwinds in the industrial business, the upcycle in the residential business, a robust balance sheet, a trustworthy brand image, and a robust business development pipeline, the brokerage remains constructive on the company.
Promoter/FII Holdings
Promoters held 51.3 per cent stake in the company as of 31-Dec-2022, while FIIs owned 11.07 per cent, DIIs 18.95 per cent.
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