Ends the year with strong performance

30 Apr 2024
5 Min read 
  • Mahindra Lifespaces experienced changes in target price, rating, and equity shares.
  •  The company reported strong quarterly bookings but low traction in existing projects.
  •  The IC segment leased 29 acres in Jaipur and Chennai, with steady realization.
  •  The company collected INR4b and spent INR2b on construction in the quarter.
  •  The company's revenue in 4QFY24 was INR143m, with an operating loss of INR0.2b.
  •  The company aims to increase business scale by 5x by FY28.
  •  The company's valuation indicates that near-term growth potential is already factored into the current price.
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