Mahindra Lifespace Developers Ltd.

NSE: MAHLIFE | BSE: 532313 | ISIN: INE813A01018 | Industry: Realty
| Expensive Performer

348.15
1.71%
ICICI Securities Limited
FY23 was a breakout year for Mahindra Lifespace Developers (MLIFE) as it clocked record residential sales bookings of INR18.1bn (up 76% YoY). With the new MD and CEO, Mr. Amit Kumar Sinha taking over from May’23, the company has now unveiled a strategy of reaching INR80-100bn of annual residential plus industrial cluster sales by CY28 or 5x in 5 years (CY23-28E) while near-term focus remains on achieving its guidance of INR30bn of residential sales by FY25E.
Mahindra Lifespace D.. has an average target of 472.00 from 4 brokers.
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