Mahindra Lifespace Developers Limited — Investor Meet, 05-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Mahindra Lifespaces has announced a board meeting to discuss the financial results for the quarter and half-year.

At the Q4 FY25 investor meet, management emphasized a premium residential focus in Mumbai, Pune, and Bangalore, targeting ₹8,000-10,000 Cr in pre-sales by FY28-30. FY25 revenue grew 5-6% to ₹495 Cr, with EBITDA and PBT up 26-27%, supported by strong residential sales (3.18 mn sq ft) and solid Industrial Clusters profits. Operating cash flow hit a record ₹832 Cr; net debt-to-equity stood at 0.39.

They are exiting affordable housing and non-core cities, improving project IRRs (~16% average, recent projects up to 26%), with key growth from the Bhandup deal and redevelopment projects. Sales and channel networks remain strong, with moderated price hikes expected. Execution is improving via better procurement and lower attrition. A rights issue to reduce debt and fund growth is imminent. Launch GDV guidance for FY26 is ₹6,000-7,000 Cr, subject to approvals.

Sentiment is confident on premium growth and cash flow, with disciplined expansion amid cautious market monitoring.