Key launches to materialize in 4Q

11 Mar 2024
5 Min read 
  • Mahindra Lifespaces reported steady demand in ongoing projects and achieved bookings of INR 4.4 billion.
  •  Sales volume stood at 0.5 million square feet, down 13% YoY.
  •  The company collected INR 4 billion during the quarter and spent INR 1 billion on construction.
  •  The company is set to witness multiple launches in the fourth quarter, including key projects in Kandivali, Pune, and Bengaluru.
  •  The company's net debt stood at INR 3.1 billion.
  •  Based on the company's financials and valuations, the stock is rated as neutral with a target price of INR 600 per share.
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