Mahindra Lifespace Developers' cons. PAT plunges ~88% yoy to Rs1.8cr; stock 2.5%

Mahindra Lifespace Developers' cons. PAT plunges ~88% yoy to Rs1.8cr; stock 2.5%
Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development business of the Mahindra Group, announced its financial results for the quarter ended 31st December, 2019, today.
Financial performance for Q3FY20 vs. Q2FY20
  • The consolidated total income stood at Rs85cr as against Rs329.8cr in Q3FY19.
  • The consolidated EBITDA stood at Rs5.9cr vs. Rs20cr in Q3FY19.
  • The consolidated PAT, post minority interest, stood at Rs1.8cr as against Rs15.8cr in Q3FY19.
  • EB/TOA includes other income and share ofprofit/loss of joint ventures and associates. 


Commenting on the performance, Ms. Sangeeta Prasad, Managing Director & Chief Executive Officer, Mahindra Lifespace DevelopersLtd., said, "We are delighted with the successful launch of Happinest Kalyan, which strengthens the hypothesis that a right product with right location is always attractive. We are ready to launch our new projects in Mumbai and Pune Mahindra LifeSpaces."

Mahindra Lifespace Developers Ltd is currently trading at Rs401.90 down by Rs10.3 or 2.5% from its previous closing of Rs412.20 on the BSE.
The scrip opened at Rs411.50 and has touched a high and low of Rs420 and Rs392 respectively. So far 1,38,672 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs2,118.31cr.




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