Mahindra Lifespace Developers Ltd

Net profit of Mahindra Lifespace Developers rose 66.92% to Rs 85.53 crore in the quarter ended June 2026 as against Rs 51.24 crore during the previous quarter ended June 2025. Sales rose 2909.48% to Rs 962.13 crore in the quarter ended June 2026 as against Rs 31.97 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales962.1331.97 2909 OPM %9.82-172.10 - PBDT116.0447.69 143 PBT111.0041.60 167 NP85.5351.24 67 Powered by Capital Market - Live

Mahindra Lifespace Developers will hold a meeting of the Board of Directors of the Company on 23 July 2026.

Mahindra Lifespace Developers'announced the acquisition of a 15-acre land parcel in Kandivali East, Mumbai. The project has an estimated Gross Development Value (GDV) of approximately Rs 5,600 crore with a development potential of around 1.8 million square feet. Strategically located in Kandivali East, the open greenfield land parcel benefits from excellent connectivity to the Western Express Highway and existing metro corridors. The location is supported by established social infrastructure, including schools, hospitals, and retail hubs, and continues to witness strong residential absorption driven by end-user demand.

The facility will come up within the integrated industrial cluster developed by Mahindra Industrial Park Chennai (MIPCL), a joint venture between Mahindra World City Developers, the industrial parks and integrated cities business of Mahindra Lifespace Developers, and Japan's Sumitomo Corporation. Spread across nearly 149,936 square metres, the proposed plant will be YKK India's third manufacturing facility in the country and is expected to be completed by February 2028. The investment further strengthens Origins by Mahindra, Chennai's position as a preferred destination for global manufacturers. The industrial cluster already houses multinational companies including Mitsubishi Electric, Yanmar and Omron. YKK India, a leading manufacturer of fastening products for the apparel, textile and industrial sectors, said the facility will incorporate advanced manufacturing technologies and cater to both domestic demand and export markets. The company said the plant will leverage Origins by Mahindra's infrastructure, plug-and-play facilities, sustainability-focused ecosystem and connectivity advantages to support efficient operations and long-term growth. Origins by Mahindra, Chennai is strategically located on NH16 and lies within the influence zones of the Chennai'Bengaluru Industrial Corridor (CBIC) and the Chennai'Visakhapatnam Industrial Corridor (CVIC). The industrial cluster offers strong connectivity to key industrial hubs, ports, and logistics infrastructure, enabling efficient operations for manufacturing-led businesses. Vikram Goel, Chief Business Officer ' Industrial, Mahindra Lifespace Developers, said, 'We are delighted to welcome YKK India to Origins by Mahindra, Chennai. The addition of another globally respected manufacturer to our ecosystem reflects the growing confidence of international companies in India's manufacturing capabilities and long-term growth potential. As businesses diversify supply chains and expand manufacturing capabilities to serve both domestic and export markets, they are increasingly seeking destinations that can support scale, operational excellence and long-term growth. YKK India's investment further strengthens Origins by Mahindra's position as a preferred destination for global manufacturing investments and reinforces our commitment to enabling high-quality industrial growth in the country.' Mahindra Lifespaces Developers, the real estate arm of the Mahindra Group, has a development footprint of 53.65 million sq. ft across seven cities and over 5,000 acres of industrial clusters. Its portfolio includes premium residences, affordable homes under the Happinest brand, and integrated cities under Mahindra World City and Origins. The company's consolidated net profit increased 5.91% year-on-year to Rs 90.12 crore in the quarter ended March 2026. Revenue from operations rose to Rs 669.92 crore during the quarter from Rs 9.24 crore in the corresponding period last year. The scrip declined 1.44% to Rs 344.85 on the BSE. Powered by Capital Market - Live

Mahindra Lifespace Developers has received the following credit rating from India Ratings and Research: Commercial paper (Rs 2,500 crore) - IND A1+ Proposed commercial paper (Rs 1,000 crore) - IND A1+

Mahindra Lifespace Developers announced that the Board of Directors of the Company at its meeting held on 28 April 2026, inter alia, have recommended the final dividend of Rs 3.5 per equity Share (i.e. 35%) , subject to the approval of the shareholders.

Mahindra Lifespace Developers announced that the 27th Annual General Meeting(AGM) of the company will be held on 23 July 2026.

Net profit of Mahindra Lifespace Developers rose 5.91% to Rs 90.11 crore in the quarter ended March 2026 as against Rs 85.08 crore during the previous quarter ended March 2025. Sales rose 7146.97% to Rs 669.62 crore in the quarter ended March 2026 as against Rs 9.24 crore during the previous quarter ended March 2025. For the full year,net profit rose 386.43% to Rs 298.13 crore in the year ended March 2026 as against Rs 61.29 crore during the previous year ended March 2025. Sales rose 216.52% to Rs 1178.31 crore in the year ended March 2026 as against Rs 372.27 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales669.629.24 7147 1178.31372.27 217 OPM %-6.55-597.19 --10.32-45.63 - PBDT89.8492.06 -2 304.0688.31 244 PBT84.2486.56 -3 280.1970.50 297 NP90.1185.08 6 298.1361.29 386 Powered by Capital Market - Live

Mahindra Lifespace Developers will hold a meeting of the Board of Directors of the Company on 28 April 2026.

Spanning approximately 25.47 acres, Mahindra Rainforest is among the largest developments in Mumbai's central suburbs and is envisioned as an integrated lifestyle destination. The newly launched residential phases carry an estimated Gross Development Value (GDV) of around Rs 3,000 crore. The development is part of a broader mixed-use ecosystem, combining residential, commercial, and retail spaces within a single project. The residential township will feature thoughtfully designed 2 and 3 BHK premium homes, emphasizing green spaces, community living, and sustainable design. The project aligns with Mahindra Lifespaces' philosophy of building 'Homes of Positive Energy,' focusing on climate-responsive planning and enhancing residents' quality of life. Situated on LBS Marg, Kanjur, Mahindra Rainforest provides excellent connectivity to the Eastern Express Highway, Jogeshwari'Vikhroli Link Road (JVLR), and upcoming infrastructure including the Goregaon'Mulund Link Road (GMLR) and an east'west flyover in Bhandup. Residents will also benefit from Metro Line 4 running adjacent to the project, easy access to Metro Line 6, and seamless connections to the suburban rail network. Key business districts such as BKC and Powai are within reach, supported by established social infrastructure including reputed schools, hospitals, malls, and entertainment hubs. The residential units feature contemporary layouts with ample natural light, spacious living areas, large decks, and private foyers, delivering a premium living experience. Phase 1 & 2 of Mahindra Rainforest offers over 3.5 lakh sq. ft. of open amenities and clubhouse spaces, along with more than 7 acres of dense green areas. Amenities include an expansive clubhouse, fitness zones, jogging tracks, yoga and meditation spaces, a library, children's play zones, and community areas. Retail conveniences are integrated within the development to meet daily needs. Positioned as a landmark project in Kanjur, Mahindra Rainforest is set to redefine premium living in Mumbai's central suburbs, combining connectivity, lifestyle, and sustainable urban design. Vimalendra Singh, Chief Business Officer ' Residential, Mahindra Lifespace Developers, said, 'Mumbai continues to be a strategic focus market for Mahindra Lifespaces, and the central suburbs are an important residential corridor driven by strong connectivity and established social infrastructure. With Mahindra Rainforest, we are bringing our philosophy of 'Homes of Positive Energy' to life through a landmark mixed-use development that brings together nature, thoughtful design, and everyday functionality. The idea is to create not just homes, but a living environment where green spaces, community experiences, and sustainable planning come together in a meaningful way. We believe Mahindra Rainforest will set a new benchmark for well-planned, premium and nature-led living in central suburbs.' Mahindra Lifespaces Developers, the real estate arm of the Mahindra Group, has a development footprint of 53.65 million sq. ft across seven cities and over 5,000 acres of industrial clusters. Its portfolio includes premium residences, affordable homes under the Happinest brand, and integrated cities under Mahindra World City and Origins. The company reported a turnaround consolidated net profit of Rs 108.88 crore in Q3 FY26, compared with a net loss of Rs 22.49 crore in the corresponding quarter last year. Revenue from operations surged 174.48% year-on-year to Rs 459.16 crore for the quarter ended 31 December 2025. Powered by Capital Market - Live