Mahindra Lifespaces - Entering a New Growth Orbit. Maintain BUY
Mahindra Lifespaces Developers Ltd (MLDL) has outperformed 1.5x on its annual business development (BD) guidance of INR 25bn (FY22/FY23 HSIE estimate)
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Real Estate (Q3FY23 Results Preview): Resilient Performance
Post the recent interest rate hikes, loan eligibility has reduced, resulting in a larger funding requirement for down payments. Another 50bps...
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Mahindra Lifespace (MLDL) - Conversion of BD Pipeline to Drive Further Upside
MLDL launched 0.6msf of projects/phase including the launch of new project Nestalgia, Pune that clocked bookings of INR1.4b (73% of launch inventory).
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HSIE Results Daily: SRF, Marico, TVS Motor, Hero Motocorp, City Union Bank
Consolidated revenue was up 3% YoY while domestic revenue/volume were up 1/3% YoY (three-year revenue/volume CAGRs at 11/7% vs HUL’s 10/3%)
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Real Estate (Q2FY23 Results Preview): Resilient demand
We expect presales momentum to continue, driven by high affordability, stable prices, and overall positive sentiment for real estate
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