Mahindra Lifespace Developers Q2 Results Live : Mahindra Lifespace Developers declared their Q2 results on 25 Oct, 2024, revealing a significant decline in topline revenue, which decreased by 57.18% year-over-year. Despite the revenue drop, the company reported a 26.02% reduction in losses compared to the previous year.
In stark contrast to the previous quarter, revenue plummeted by 95.96%, while losses surged by 210.22%. The company’s financial struggles are evident as selling, general, and administrative expenses rose by 5.37% quarter-on-quarter and increased by 41.4% year-over-year.
Operating income also took a hit, down by 12.61% sequentially and 36.01% year-over-year. The Earnings Per Share (EPS) stood at ₹-0.9 for Q2, reflecting an increase of 26.23% compared to the same period last year.
Over the past week, Mahindra Lifespace Developers has delivered a -1.84% return, with a more significant decline of -23.76% over the last six months, and -6.86% year-to-date. Currently, the company has a market capitalization of ₹7848.35 Cr, with a 52-week high of ₹678.8 and a low of ₹475.
As of 26 Oct, 2024, out of six analysts covering Mahindra Lifespace Developers, one has given a Hold rating, three have issued Buy ratings, and two have assigned Strong Buy ratings. The consensus recommendation stands at Buy, indicating a cautious optimism among analysts regarding the company’s future performance.
Mahindra Lifespace Developers Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 7.61 | 188.14 | -95.96% | 17.77 | -57.18% |
| Selling/ General/ Admin Expenses Total | 29.44 | 27.94 | +5.37% | 20.82 | +41.4% |
| Depreciation/ Amortization | 4 | 4.34 | -7.83% | 3.11 | +28.62% |
| Total Operating Expense | 59.32 | 234.06 | -74.66% | 55.79 | +6.33% |
| Operating Income | -51.71 | -45.92 | -12.61% | -38.02 | -36.01% |
| Net Income Before Taxes | -13.99 | 3.08 | -554.22% | -29.76 | +52.99% |
| Net Income | -14.02 | 12.72 | -210.22% | -18.95 | +26.02% |
| Diluted Normalized EPS | -0.9 | 0.82 | -209.76% | -1.22 | +26.23% |
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