Mahindra Lifespace Developers Limited (MAHLIFE) announced its performance highlights for the fourth quarter (Q4 FY25) and financial year ended March 31, 2025 (FY25) via an Investor Presentation.
Residential Business Highlights:
Residential Sales Value: ₹2,804 Crore in FY25 (vs ₹2,328 Crore in FY24); ₹1,055 Crore in Q4 FY25 (vs ₹1,086 Crore in Q4 FY24).
Residential Sales Volume: 3.18 million sq ft (msft) in FY25 (RERA Carpet Area: 2.32 msft); 1.03 msft in Q4 FY25 (RERA Carpet Area: 0.70 msft).
Residential Collections: ₹1,831 Crore in FY25 (vs ₹1,385 Crore in FY24); ₹466 Crore in Q4 FY25 (vs ₹412 Crore in Q4 FY24).
Gross Development Value (GDV) Acquired: ₹18,100 Crore in FY25 (vs ₹4,400 Crore in FY24); ₹3,650 Crore in Q4 FY25 (vs ₹2,040 Crore in Q4 FY24). Cumulative GDV acquired in FY24 & FY25 is ₹22,500 Crore.
Launches: 2.26 msft in FY25; 0.90 msft in Q4 FY25.
Completions: 1.74 msft in FY25; 0.56 msft in Q4 FY25.
IC&IC Leasing Revenues: ₹495 Crore in FY25 (vs ₹470 Crore in FY24); ₹211 Crore in Q4 FY25 (vs ₹123 Crore in Q4 FY24).
Leased Area: 85.1 acres in FY25 (vs 119.4 acres in FY24); 5.8 acres in Q4 FY25 (vs 12.2 acres in Q4 FY24).
Total IC&IC Portfolio: 5,737 acres gross area, 3,986 acres net leasable area, 2,352 acres net leased area, 1,634 acres available for lease (as of March 31, 2025).
Financial Highlights (Consolidated IND AS):
Total Revenues: ₹464 Crore in FY25 (vs ₹279 Crore in FY24); ₹55 Crore in Q4 FY25 (vs ₹55 Crore in Q4 FY24).
Net Profit: ₹61 Crore in FY25 (vs ₹98 Crore in FY24); ₹85 Crore in Q4 FY25 (vs ₹72 Crore in Q4 FY24).
Net Debt to Equity: 0.39 as of March 31, 2025 (vs 0.36 as of March 31, 2024).
Cost of Debt: 8.8% in Q4 FY25 (vs 8.6% in Q4 FY24).
Healthy cashflows of ₹10,550 Crore estimated from current inventory, future phases, and pipeline projects.
Strategic Outlook & Guidance:
The company plans to achieve ₹8,000 - ₹10,000 Crore of sales by FY30.
Target GDV addition of ₹45,000 Crore.
Focus on scaling up the Residential business (targeting 14x growth in 10 years) and unlocking value in the IC&IC business.
Shift in sales mix towards Premium/Mid-Premium segments (expected to contribute 97% by FY30).
Strengthening the Balance Sheet through a planned rights issue (₹1,500 Crore proceeds for debt repayment and future acquisitions). Post rights issue, net worth expected around ₹3,400 Crore.
High visibility in the sales plan from ongoing and pipeline projects.
The presentation provides an overview of the company, its operations, and includes audited standalone and consolidated financial statements for FY25.
The company is executing on a well-defined strategy focusing on bold ambition, project execution excellence, robust BD engine, robust financial discipline, superior customer experience, well-engineered portfolio choices, and building a future-proof organization.