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.
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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