Q2 2025 Mahindra Lifespace Developers Ltd Earnings Call Transcript
Key Points
- Mahindra Lifespace Developers Ltd (BOM:532313) reported a significant 77-78% growth in presales for H1 FY25, reaching INR 1,415 crore compared to INR 800 crore in the same period last year.
- The company has a robust pipeline of new launches planned for the latter part of the year, including projects in Bangalore, Pune, and Chennai, which are expected to boost sales.
- The industrial business segment showed strong performance, with INR 163 crore of revenue from leasing over 35 acres of land, indicating healthy demand in the industrial sector.
- Operating cash flow for H1 FY25 was nearly INR 550 crore, more than double the previous year's figure, reflecting strong collections and financial health.
- The company maintains a conservative net debt to equity ratio of 0.26, indicating prudent financial management and capacity for future growth investments.
- Quarter 2 FY25 presales were lower at INR 397 crore compared to INR 455 crore in the previous year, attributed to fewer launches and seasonal factors.
- The affordable housing segment is experiencing slower sales compared to mid-premium and premium segments, affected by high interest rates and economic factors.
- The Santa Cruz redevelopment project is facing delays due to complexities in aligning multiple societies, impacting the project's timeline.
- There is a high expectation from landowners in booming markets, which poses challenges in acquiring new land deals at reasonable prices.
- The company faces challenges in efficiently upstreaming cash from different entities, impacting the deployment of available cash reserves.
Ladies and gentlemen, good day and welcome to Mahindra Life Space Developers Limited Q2 F 525 earnings conference call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call? Please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded.
We have with us on this call today, Mr Amit Kumar Sinha, MD N CEO, Mr Avinash, papa CFO, Mr Kumar Shram, Vice President FP and a costing and Ir and Mr Ravinder Basu head Investor relations.
I would now like to hand the conference over to Mr Amit Kumar Senha, MD N CEO. Thank you and over to you, sir.
Thank you Michel and good morning everyone and welcome to our quarter two FY25 earnings call at the outset. I would like to thank everyone for participating in this conference call and I
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