Mahindra Lifespaces reports Q3 Net Loss of Rs.-9.68cr on pandemic lag effect

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Mahindra Lifespaces reported -17.42% yoy fall in Dec-20 quarter consolidated total revenues at Rs70.19cr. The lag impact of the pandemic continued as demand to buy properties is yet to come back in a big way. In the absence of demand for new projects, the off-take has been quite slow in the project development business vertical.


For the Dec-20 quarter, the company reported a net loss of Rs-9.68cr due to the weak top line revenues. This was against a small net profit of Rs2cr in the Dec-19 quarter.


Financial highlights for Dec-20 compared yoy and sequentially









Mahindra Lifespaces

Rs in Crore

Dec-20

Dec-19

YOY

Sep-20

QOQ

Total Revenues (Rs cr)

₹ 70.19

₹ 85.00

-17.42%

₹ 37.42

87.57%

Net Profit (Rs cr)

₹ -9.68

₹ 1.99

-586.43%

₹ -13.48

-28.19%

Diluted EPS (Rs)

₹ -2.15

₹ 0.35

₹ -2.60

Net Margins

-13.79%

2.34%

-36.02%

 

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( With inputs from indiainfoline)

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