Mumbai, Jan 31, 2025 – Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development business of the Mahindra Group, announced its financial results for the quarter ended 31st December 2024 today. In accordance with INDAS 115, Company recognizes its revenues on completion of contract method. Key highlights 9M FY25 & Q3 FY25:
Commenting on the performance, Mr. Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Ltd., said, “We recorded our highest ever GDV additions during Q3, setting us up very well to achieve 5x growth target. Q3 FY25 pre-sales was primarily driven by sustenance, though it was slow compared to last year. We launched IvyLush during the quarter and are getting a good response for the project. We are gearing for our planned launches in Q4 FY25 across our key markets. Our IC&IC business continues to benefit from strong macro tailwinds.”
Notes:
The operational highlights include the performance of the Company and its subsidiaries / joint ventures / associates.
Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 324,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate. The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.
Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/news-room
Origins by Mahindra, Chennai is a future-ready industrial ecosystem designed for businesses that aspire to scale sustainably and competitively. Strategically located along NH-16 and key industrial corridors, it brings together world-class infrastructure, seamless connectivity, and the trust of Brand Mahindra. As Tamil Nadu’s first IGBC Platinum pre-certified industrial cluster and a joint venture with Sumitomo Corporation, Japan, Origins offers plug-and-play infrastructure, clear land titles, and an environment built for ease of doing business, supporting industries across automotive, aerospace, engineering, electronics, logistics, medical devices, and more.
Set amid a unique natural landscape of reserve forests and water bodies, Origins balances industrial growth with strong sustainability commitments, including carbon neutrality, water security, and zero waste to landfill. Backed by Tamil Nadu’s robust industrial ecosystem, skilled talent pool, and global connectivity via ports, rail, road, and air, Origins by Mahindra, Chennai is more than an industrial destination. It is a long-term growth platform where global ambition, resilient infrastructure, and responsible development come together to build for the future.
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