Mahindra Lifespaces Delivers Strong Q1 Performance with ₹12.74 Crore Profit

<b>Mumbai</b>-based listed <b>real estate</b> developer, Mahindra Lifespaces reports a consolidated net profit of ₹12.74 crore for the June quarter.

Mahindra LifespacesReal EstateMumbaiProfitSales BookingsResidential BusinessLand LeasingIntegrated CitiesIndustrial ClustersReal Estate MumbaiJul 24, 2024

Mahindra Lifespaces Delivers Strong Q1 Performance with ₹12.74 Crore Profit
Real Estate Mumbai:Mahindra Lifespaces, a Mumbai-based listed real estate developer, has reported a consolidated net profit of ₹12.74 crore for the June quarter, marking a significant turnaround from the same period last year when the company posted a net loss of ₹4.27 crore.

This impressive performance is attributed to the company's strong sales bookings of ₹1,019 crore in its residential business, as well as its land leasing of 18.8 acres in its integrated cities and industrial clusters business for ₹76.1 crore. The company's consolidated total income stood at Rs. 206.7 crore during the April-June period of this fiscal year, compared to ₹110 crore in the corresponding period of the previous financial year.

The company's managing director and CEO, Amit Kumar Sinha, expressed his satisfaction with the performance, stating, \

Frequently Asked Questions

What is Mahindra Lifespaces' consolidated net profit for the June quarter?

₹12.74 crore

What is the company's sales bookings in its residential business for Q1FY25?

₹1,019 crore

What is the revenue potential of the redevelopment project in Mumbai announced by Mahindra Lifespaces?

₹2,050 crore

What is the company's consolidated total income for the April-June period of this fiscal year?

₹206.7 crore

What is the managing director and CEO of Mahindra Lifespaces?

Amit Kumar Sinha

Related News Articles

NBCC India Shares Soar 3% on Impressive Q1 Earnings, Market Cap Reaches Rs 31,680 Crore
Real Estate

NBCC India Shares Soar 3% on Impressive Q1 Earnings, Market Cap Reaches Rs 31,680 Crore

NBCC India's Q1 profit rises 38% to Rs 107.19 crore, PMC segment drives growth

August 14, 2024
Read Article
UAE Real Estate Market Set to Reach New Heights
real estate news

UAE Real Estate Market Set to Reach New Heights

The UAE real estate market is expected to reach AED 2.5 trillion by the end of 2024, driven by strong off-plan sales and increasing demand from high-net-worth individuals.

September 26, 2024
Read Article
From Hashtag to Action: The Power and Challenges of Digital Activism
Real Estate

From Hashtag to Action: The Power and Challenges of Digital Activism

Modern technology has given today’s youth powerful tools for activism, but questions about the real impact of online efforts remain. The digital divide, misinformation, and 'slacktivism' are just a few of the challenges facing digital activism.

October 27, 2024
Read Article
Kala Ghoda to Get Cobblestone Makeover and Pedestrian Zones
Real Estate Mumbai

Kala Ghoda to Get Cobblestone Makeover and Pedestrian Zones

Mumbai's iconic Kala Ghoda area is set to transform into a pedestrian-friendly paradise with a new cobblestone makeover and dedicated walking zones. This project is part of the city's broader initiatives to promote sustainable urban living and improve the

December 11, 2024
Read Article
BDA to Unveil 50,000 Residential Sites Along PRR-2 with PPP
real estate news

BDA to Unveil 50,000 Residential Sites Along PRR-2 with PPP

The Bangalore Development Authority (BDA) has announced the launch of 50,000 residential sites along the Peripheral Road Ring-2 (PRR-2) under a Public-Private Partnership (PPP) model. This initiative aims to address the growing housing demand and promote

December 31, 2024
Read Article
Macrotech Developers Expands Bengaluru Presence with 20-Acre Land Acquisition
real estate news

Macrotech Developers Expands Bengaluru Presence with 20-Acre Land Acquisition

Mumbai-based real estate giant Macrotech Developers has acquired a 20-acre land parcel in Bengaluru to develop a Rs 2,800 crore housing project. This strategic move is part of the company’s expansion plan into the bustling IT city.

January 12, 2025
Read Article