Mahindra Lifespace Developers Q2 Results Live: Loss Falls by 26.02% YOY

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.