Mahindra Lifespace Developers (532313) Q4 99/00 earnings summary

Executive summary

• First reporting period covered 16 Mar 1999–31 Mar 2000; the property business was transferred through a demerger effective 10 Feb 2000, with accounts reflecting the arrangement from 1 Apr 1999.

• Operations centered on commercial property management and development, project management services, and business centres; 14 projects covering 1.25 million sq. ft. had been delivered.

Financial highlights

• Total revenue Rs 2,254.39 lakh; total expenditure Rs 1,640.53 lakh; PBT Rs 613.86 lakh; PAT Rs 513.86 lakh for the period.

• Operating income Rs 1,657.79 lakh and other income Rs 596.60 lakh; tax provision Rs 100 lakh.

• Cash profits Rs 1,245.48 lakh; proposed dividend Rs 1 per share, or 10%; EPS Rs 1.79.

Outlook and guidance

• Growth priorities include project management for landowners, expansion of business-centre operations, and value-added property services with a national presence across additional major cities.

• Since year-end, projects commenced in Mumbai and Delhi, with further projects under active consideration.

• Service apartments and specialized retail identified as potential future ventures.