Mahindra Lifespace Developers Concludes Rights Issue Allotment 22 hours ago Yesterday
Mahindra Lifespaces Developers has finalized the allotment of shares for its recent rights issue. The company, known for sustainable urban development projects, offered new shares to existing shareholders as a method of raising capital. This successful completion of the rights issue process demonstrates the company's ability to execute complex financial transactions and maintain investor confidence. While specific financial details were not disclosed, the raised capital could provide flexibility for expansion, debt reduction, or investment in new projects.
Mahindra Lifespace's Rs 1,500 Crore Rights Issue: Last Day to Buy Shares for Eligibility May 22, 2025
Mahindra Lifespace Developers Approves ₹1,500 Crore Rights Issue at ₹257 Per Share May 19, 2025
Mahindra Lifespaces Developers Unveils Rs 1,500 Crore Rights Issue Plan May 13, 2025
Mahindra Lifespace Developers to Reconsider Rights Issue Approval May 08, 2025
Mahindra Lifespace Developers Ltd reported mixed financial results for Q4 and FY25. Q4 saw a 19% increase in net profit to Rs 85.09 crore and 18.89% revenue growth to Rs 158.60 crore, despite a 3% decline in sale bookings to Rs 1055.00 crore. For FY25, pre-sales grew 20% to Rs 2804.00 crore, but total revenue fell 57.69% to Rs 279.10 crore, with a decline in net profit to Rs 60.94 crore. The company demonstrated strong market demand and sales strategies, but faced challenges in revenue recognition and profitability.
25Apr 25
Mahindra Lifespace Developers Reports Strong Growth in FY25 with 4x Increase in GDV Additions
Mahindra Lifespace Developers Limited (MLDL) announced robust FY25 results, with Gross Development Value (GDV) additions surging 4x to Rs 18,100 crore. Residential pre-sales grew 20.4% YoY to Rs 2,804 crore. Consolidated total income increased 66% to Rs 463.90 crore, while operating cash flow rose 30% to Rs 832 crore. The company maintained a healthy balance sheet with a net debt to equity ratio of 0.39 and recommended a dividend of Rs 2.80 per share. Q4 FY25 saw consolidated sales of Rs 1,266 crore and pre-sales of Rs 1,055 crore.
25Apr 25
Mahindra Lifespace Developers Reports Quadrupled GDV Additions and 20.4% Growth in Pre-Sales for FY25
Mahindra Lifespace Developers Limited announced impressive financial results for FY25. GDV additions surged to Rs 18,100 crore, a nearly four-fold increase from FY24. Residential pre-sales grew by 20.4% to Rs 2,804 crore. The company reported its highest-ever consolidated operating cash flow of Rs 832 crore, up 30% year-over-year. Q4 FY25 saw GDV additions of Rs 3,650 crore and pre-sales of Rs 1,055 crore. The Board recommended a dividend of Rs 2.80 per share.
25Apr 25
Mahindra Lifespace Developers Reports Strong FY25 Growth with 4x Increase in GDV Additions
Mahindra Lifespace Developers Limited (MLDL) announced strong financial results for FY25. The company's gross development value (GDV) additions increased fourfold to Rs 18,100 crore. Residential pre-sales grew by 20.4% to Rs 2,804 crore. Consolidated total income rose 66% to Rs 463.90 crore, with profit before tax up 30% to Rs 70.50 crore. MLDL achieved its highest ever consolidated operating cash flow of Rs 832 crore, a 30% increase from FY24. The company maintained a healthy net debt to equity ratio of 0.39. For Q4 FY25, MLDL reported consolidated sales of Rs 1,266 crore and pre-sales of Rs 1,055 crore. The Board recommended a dividend of Rs 2.80 per share for FY25.
Mahindra Lifespace Developers to Redevelop Two Mumbai Societies in ₹1,200 Crore Project
Mahindra Lifespace Developers Limited has been selected as the preferred partner for a ₹1,200 crore redevelopment project in Mumbai's Lokhandwala Complex, Andheri West. The project involves redeveloping two residential societies under the state's cluster development scheme. Located 15 minutes from the upcoming Versova-Bandra Sealink, the project aims to create high-quality living spaces in a prime location. Management views this as a strategic milestone strengthening their presence in Mumbai's western suburbs.
02Apr 25
Mahindra Lifespace Developers Secures ₹1,200 Crore Redevelopment Project in Mumbai's Andheri West
Mahindra Lifespace Developers Limited has been selected as the preferred partner for a ₹1,200 crore redevelopment project in Mumbai's Lokhandwala Complex. The project involves two residential societies and will be pursued under the state's cluster development scheme. Located near the upcoming Versova-Bandra Sea Link, the project aims to offer excellent connectivity and high-quality living spaces. This strategic move strengthens Mahindra Lifespace's presence in Mumbai's western suburbs and aligns with their commitment to sustainability and urban renewal.
19Mar 25
Mahindra World City Developers Inks Lease Deal with Nihon Parkerizing for 18.92 Acres in Tamil Nadu
Mahindra Lifespace Developers Limited's subsidiary, Mahindra World City Developers Limited, has executed a lease deed with Nihon Parkerizing India Private Limited for 18.92 acres of land in Thenmelpakkam Village, Chengalpattu District, Tamil Nadu. The agreement was signed on March 18, 2025, at 10:56 AM. This move potentially strengthens Mahindra Lifespace's position in the industrial and commercial real estate segment and may indicate increased foreign investment interest in Tamil Nadu's industrial landscape.
21Feb 25
Mahindra Lifespace Developers to Raise Rs 1,500 Crore Through Rights Issue
Mahindra Lifespace Developers Limited's Board of Directors has approved raising up to Rs 1,500 crore through a rights issue. This move allows existing shareholders to maintain or increase their ownership stake. While specific fund utilization details are not disclosed, the capital could potentially be used for expansion plans, debt reduction, working capital, or technological advancements. Shareholders should watch for upcoming announcements regarding the issue price, entitlement ratio, record date, and subscription timeline.
20Feb 25
Mahindra Lifespace Developers Approves Rs 1,500 Crore Rights Issue to Fuel Growth
Mahindra Lifespace Developers' board has approved raising up to Rs 1,500 crore through a rights issue. This move aims to strengthen the company's capital base, support future growth initiatives, and enhance financial flexibility. The rights issue offers existing shareholders the opportunity to maintain or increase their stake, though non-participation may lead to dilution. This strategic decision comes amid robust growth in India's real estate sector, positioning the company to capitalize on market opportunities and strengthen its competitive stance.
19Feb 25
Mahindra Lifespace Developers Expands into South Mumbai with ₹1,650 Crore Redevelopment Project
Mahindra Lifespace Developers Limited has partnered with Livingstone Infra Private Limited for a cluster redevelopment project in Mahalaxmi, South Mumbai. The project has a Gross Development Value of ₹1,650 crore and marks the company's strategic expansion into the premium real estate market. Located in a prime area, the development aims to contribute to urban renewal with cutting-edge design, sustainable elements, and premium amenities. Mahindra Lifespace, known for its commitment to sustainability and Net Zero homes, sees this as an opportunity to enhance Mumbai's skyline while aligning with their philosophy of 'Rise'.