Mahindra Lifespaces Reports Strong Q1 FY26 Results with ₹3,500 Cr GDV and ₹51 Cr Profit

Mumbai, Jul 25, 2025 – Mahindra Lifespaces Developers Limited (MLDL), the real estate and infrastructure development business of the Mahindra Group, announced its financial results for the quarter ended 30th June 2025 today. In accordance with INDAS 115, Company recognizes its revenues on completion of contract method.

Key highlights

Q1 FY26:

• Consolidated Sales (Resi and IC&IC) of Rs 569 Cr.
— Gross development value additions in Q1 FY26 were Rs 3,500 crore as against Rs 1,400 crore in Q1 FY25 (~2.5x).
— Q1 FY26 residential pre-sales of Rs 449 crore (saleable area of 0.58 msft, RERA carpet area of 0.42 msft) as compared to Rs 1,019 crore in Q1 FY25. Major launches planned in the subsequent quarters.
— Consolidated revenues of Rs 120 crore in Q1 FY26 from IC&IC business reflecting 17% growth over Q1 FY25 (Total leased area – 18.7 acres).
— The consolidated total income as per INDAS is Rs 41 crore in Q1 FY26 as against Rs 207 crore in Q1 FY25.
• Strong balance sheet, collections and profitability.
— Successful Rights issue completed in Q1. Net debt to equity ratio at -0.23 (cash surplus) as of 30th June 2025.
— Residential collections of Rs 518 crore for Q1 FY26 as compared to Rs 540 crore for Q1 FY25.
— The consolidated profit after tax, after non-controlling interest, as per INDAS is Rs 51 crore in Q1 FY26 as against profit of Rs 13 crore in Q1 FY25.

Commenting on the performance, Mr. Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Ltd., said, “We started the year well with a successful Rights issue in Q1, that has further improved our Balance sheet. We are continuing BD momentum with GDV additions of Rs 3,500 Cr. Our residential sales have been lower as we await certain approvals, however, we have several launches planned in the subsequent quarters. Our IC&IC business has been firing on all cylinders, clocking healthy leasing activity across Jaipur and Chennai.”

Notes:
1. Company uses carpet areas in its customer communication. However, the data in saleable area terms has been presented here to enable continuity of information to investors and shall not be construed to be of any relevance to home buyers / customers.
2. The operational highlights include the performance of the Company and its subsidiaries / joint ventures / associates.