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Strong H1 performance from MLDL; Continued GDV momentum and healthy PAT
Mumbai, Oct 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 30th September 2025 today. In accordance with INDAS 115, Company recognizes its revenues on completion of contract method.
Key highlights
H1 FY26:
• Consolidated Sales (Resi and IC&IC) of Rs 1419 Cr.
— Gross development value additions in H1 FY26 were Rs 5,200 crore as against Rs 2,050 crore in H1 FY25 (~2.6x).
— H1 FY26 residential pre-sales of Rs 1,200 crore (saleable area of 1.75 msft, RERA carpet area of 1.31 msft) as compared to Rs 1,415 crore in H1 FY25. Major launches planned in the upcoming quarters.
— Consolidated revenues of Rs 219 crore in H1 FY26 from IC&IC business as against Rs 214 crore in H1 FY25 (Total leased area – 35.6 acres in H1 FY26).
— The consolidated PAT, after non-controlling interest, as per INDAS is Rs 99 crore in H1 FY26 as against loss of Rs 1 crore in H1 FY25, reflecting strong Resi and IC&IC profitability.
• Strong balance sheet and collections.
— Net debt to equity ratio at -0.17 (cash surplus) as of 30th September 2025.
— Residential collections of Rs 1,086 crore for H1 FY26 as compared to Rs 999 crore for H1 FY25.
Q2 FY26:
• Consolidated Sales (Resi and IC&IC) of Rs 851 Cr.
— Gross development value additions in Q2 FY26 were Rs 1,700 crore as against Rs 650 crore in Q2 FY25.
— Q2 FY26 residential pre-sales of Rs 752 crore (saleable area of 1.17 msft, RERA carpet area of 0.88 msft), growth of 89% over Q2 FY25.
— Consolidated revenues of Rs 99 crore in Q2 FY26 from IC&IC business as against Rs 111 crore in Q2 FY25 (Total leased area – 16.9 acres).
— The consolidated PAT, after non-controlling interest, as per INDAS is Rs 48 crore in Q2 FY26 as against loss of Rs 14 crore in Q2 FY25.
Commenting on the performance, Mr. Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Ltd., said, “We are pleased to announce a strong financial performance for the first half of the fiscal year. Our BD momentum continues with year-to-date GDV additions of Rs 9,500 Cr. The IC&IC business is also seeing healthy traction across Jaipur and Chennai, suggesting growing interest from industrial clients. Strong H1 PAT performance provides a solid foundation for continued growth in FY26.”
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.
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.
MLDL quadruples GDV additions (18,100 Cr) in FY25; Records highest ever operating cash flows and 20.4% growth in pre-sales
Mumbai, Apr 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 31st March 2025 today. In accordance with INDAS 115, Company recognizes its revenues on completion of contract method.
Key highlights
FY25:
• Consolidated Sales (Resi and IC&IC) of Rs 3299 Cr.
— Gross development value additions in FY25 were Rs 18,100 crore as against Rs 4,400 crore in FY24 (~4x growth).
— Residential pre-sales of Rs 2,804 crore in FY25, reflecting 20.4% growth over FY24 (saleable area – 3.18 msft, RERA carpet area – 2.32 msft).
— Consolidated revenues of Rs 495 crore in FY25 from IC&IC business reflecting 5% growth over FY24 (Total leased area – 85.1 acres).
— The consolidated total income as per INDAS grew by 66% in FY25 to Rs 463.9 crore as against Rs 279.1 crore in FY24.
• Strong collections, cashflow, profitability and healthy balance sheet.
— Residential collections at Rs 1,831 crore for FY25 as compared to Rs 1,385 crore for FY24.
— Highest ever Consolidated Operating cash flow (including joint ventures and associates) in FY25 of Rs 832 Cr as against Rs 639 crore in FY24, reflecting a 30% growth.
— The consolidated profit before tax, after non-controlling interest, as per INDAS grew by 30% to Rs 70.5 crore in FY25 as against Rs 54.3 crore in FY24.
— The consolidated profit after tax, after non-controlling interest, as per INDAS is Rs 61.3 crore in FY25 as against Rs 98.2 crore in FY24.
— Net debt to equity ratio remained healthy at 0.39 in FY25.
Q4 FY25:
• Consolidated Sales (Resi and IC&IC) of Rs 1266 Cr.
— Gross development value additions in Q4 FY25 were Rs 3,650 crore as against Rs 2,040 crore in Q4 FY24 (~1.8x growth).
— Q4 FY25 pre-sales of Rs 1,055 crore (saleable area – 1.03 msft, RERA carpet area – 0.70 msft) as compared to Rs 1,086 crore in Q4 FY24.
— Consolidated revenues of Rs 211 crore in Q4 FY25 from IC&IC business reflecting 14% growth over Q4 FY24 (Total leased area – 37.8 acres).
— The consolidated total income as per INDAS is Rs 55.4 crore in Q4 FY25 as against Rs 54.6 crore in Q4 FY24.
• Strong collections, cashflow and profitability.
— Residential collections of Rs 466 crore for Q4 FY25 as compared to Rs 412 crore for Q4 FY24.
— The consolidated profit before tax, after non-controlling interest, as per INDAS grew by 48% to Rs 86.5 crore in Q4 FY25 as against profit of Rs 58.6 crore in Q4 FY24.
— The consolidated profit after tax, after non-controlling interest, as per INDAS is Rs 85.1 crore in Q4 FY25 as against profit of Rs 71.5 crore in Q4 FY24, reflecting a 19% growth.
Commenting on the performance, Mr. Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Ltd., said, “We had a very successful year with GDV additions of Rs 18,100 Cr, ~4x over FY24. We also had a 20.4% growth in our residential pre-sales, driven by successful launches such as Vista Ph2, IvyLush, Zen and Green Estates during the year. Our IC&IC business also had a strong with marquee transactions closed during the year. This positions us well to achieve our stated target of 8,000 – 10,000 Cr sales in 5 years. Further our balance sheet remains strong with highest ever operating cash flows and well-controlled net debt to equity.”
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.
