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Stock Report
Mahindra Lifespace Developers Ltd Q1FY22 consolidated loss reduces to Rs. 14.04 crore
Posted On : 2021-07-28 17:32:58( TIMEZONE : IST )
MAHINDRA LIFESPACE DEVELOPERS LTD. has reported financial results for the period ended June 30, 2021.
Financial Results (Q1 FY 2021-22) - QoQ Comparison
The company has reported total income of Rs.154.20 crores during the period ended June 30, 2021 as compared to Rs.58.12 crores during the period ended March 31, 2021.
The company has posted net profit / (loss) of Rs.(14.04) crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.(27.79) crores for the period ended March 31, 2021.
The company has reported EPS of Rs.(2.70) for the period ended June 30, 2021 as compared to Rs.(5.35) for the period ended March 31, 2021.
| Financials | Q1 FY2021-22 | Q4 FY20-21 | % Change |
| Total Income | ₹ 154.20 crs | ₹ 58.12 crs |  165.31% |
| Net Profit | ₹ (14.04) crs | ₹ (27.79) crs |  -49.48% |
| EPS | ₹ (2.70) | ₹ (5.35) | -49.53% |
Financial Results (Q1 FY 2021-22) - YoY Comparison
The company has reported total income of Rs.154.20 crores during the period ended June 30, 2021 as compared to Rs.22.09 crores during the period ended June 30, 2020.
The company has posted net profit / (loss) of Rs.(14.04) crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.(20.50) crores for the period ended June 30, 2020.
The company has reported EPS of Rs.(2.70) for the period ended June 30, 2021 as compared to Rs.(3.88) for the period ended June 30, 2020.
| Financials | Q1 FY2021-22 | Q1 FY2020-21 | % Change |
| Total Income | ₹ 154.20 crs | ₹ 22.09 crs | 598.05% |
| Net Profit | ₹ (14.04) crs | ₹ (20.50) crs | -31.51% |
| EPS | ₹ (2.70) | ₹ (3.88) | -30.41% |
Commenting on the performance, Mr. Arvind Subramanian, Managing Director & Chief Executive Officer, Mahindra Lifespace Developers Ltd., said, "Residential sales as well as land leasing at our industrial parks continued to perform well despite varying levels of lockdowns through the quarter. We are gearing up for new launches in each of our key markets within this financial year. Labour strength is building back at our project sites and we expect to catch up on lost time over the coming quarters. We continue to have a strong pipeline of attractive land acquisition opportunities and remain confident of building a strong platform for growth over the coming years."
Shares of MAHINDRA LIFESPACE DEVELOPERS LTD. was last trading in BSE at Rs. 768.85 as compared to the previous close of Rs. 741.9. The total number of shares traded during the day was 57548 in over 4065 trades.
The stock hit an intraday high of Rs. 796.9 and intraday low of 710. The net turnover during the day was Rs. 43961507.
