Mahindra Lifespace Developers Ltd

The project spans approximately 1.53 acres, with a gross development value of around Rs 1,010 crore. Located in Matunga, the site benefits from seamless connectivity to key social and business hubs. The micro market is a well-established residential catchment with proximity to Shivaji Park, leading educational institutions, healthcare facilities, retail destinations, robust transport networks and nearby metro links. Vimalendra Singh, chief business officer- Residential, Mahindra Lifespace Developers, said: 'This mandate is a strong endorsement of the trust communities place in Mahindra Lifespaces to deliver redevelopment that genuinely uplifts neighbourhoods. Matunga is a well established and highly valued neighbourhood, and this redevelopment allows us to contribute thoughtfully to its next chapter with homes designed for modern lifestyles. Mahindra Lifespaces Developers, the real estate arm of the Mahindra Group, has a development footprint of 53.30 million square feet 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 consolidated net profit of Rs 47.91 crore in Q2 FY26, compared with net loss of Rs 14.01 crore in corresponding quarter last year. Revenue from operations soared 130.74% to Rs 17.56 crore during the quarter ended 30th September 2025. The scrip shed 0.31% to currently trade at Rs 418 on the BSE. Powered by Capital Market - Live

Mahindra Lifespace Developers (MLDL) has been selected as the preferred development partner for a major residential redevelopment project in Matunga, Mumbai. The project spans approximately 1.53 acres, with a gross development value of around Rs 1,010 crore. Commenting on the new mandate, Vimalendra Singh, Chief Business Officer - Residential, Mahindra Lifespace Developers Ltd., said: 'This mandate is a strong endorsement of the trust communities place in Mahindra Lifespaces to deliver redevelopment that genuinely uplifts neighbourhoods. Matunga is a well established and highly valued neighbourhood, and this redevelopment allows us to contribute thoughtfully to its next chapter with homes designed for modern lifestyles. We look forward to setting a new benchmark for community-centric redevelopment in Mumbai. With this addition, Mahindra Lifespaces continues to strengthen its presence in Mumbai's redevelopment landscape, further expanding its footprint in established city micro-markets.Powered by Capital Market - Live

Mahindra Lifespace Developers (MLDL), subsidiary of the Mahindra & Mahindra has executed a Share Purchase Agreement (SPA) with Actis Mahi Holdings (Singapore) (AMHSPL) and Mahindra Homes (MHPL), and completed the acquisition of the entire stake held by AMHSPL in MHPL. Upon completion of this transaction by MLDL, MHPL would become a wholly owned subsidiary of MLDL and in turn a step-down subsidiary of Mahindra & Mahindra. Powered by Capital Market - Live

Revenue from operations soared 130.74% to Rs 17.56 crore during the quarter ended 30th September 2025. Profit before tax stood at Rs 50.74 crore in the second quarter of FY26, compared with a loss of Rs 13.99 crore in the corresponding quarter of FY25. Total expenses rallied 18.18% YoY to Rs 78.39 crore in Q2 FY25. The company maintained a strong balance sheet and healthy collections. The net debt-to-equity ratio stood at -0.17 (indicating a cash surplus) as of 30 September 2025. The company achieved consolidated sales (Residential and IC&IC) of Rs 851 crore. Gross development value additions in Q2 FY26 stood at Rs 1,700 crore, compared to Rs 650 crore in Q2 FY25. Residential pre-sales in Q2 FY26 were Rs 752 crore, representing a saleable area of 1.17 msft (RERA carpet area of 0.88 msft), reflecting an 89% year-on-year growth over Q2 FY25. On a half year basis, the company the company reported consolidated net profit of Rs 99.171. crore in Q2 FY26 as against net loss of Rs 1.27 crore in Q2 FY25. In H1 FY26, the company reported consolidated sales (Residential and IC&IC) of Rs 1,419 crore. Gross development value additions stood at Rs 5,200 crore, compared to Rs 2,050 crore in H1 FY25, marking a growth of approximately 2.6 times. Residential pre-sales in H1 FY26 amounted to Rs 1,200 crore, representing a saleable area of 1.75 msft (RERA carpet area of 1.31 msft), as against Rs 1,415 crore in H1 FY25. Major project launches are planned for the upcoming quarters. Residential collections for H1 FY26 were Rs 1,086 crore, compared to Rs 999 crore in H1 FY25. Amit Kumar Sinha, MD & CEO, Mahindra Lifespace Developers, 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.' Meanwhile, the company announced the resignation of Avinash Bapat as chief financial officer and key managerial personnel, effective from the close of 31 October 2025, due to his transition to a new role within the Mahindra Group. Subsequently, Sriram Kumar has been appointed as chief financial officer and key managerial personnel, effective 1 November 2025. Mahindra Lifespaces Developers, the real estate arm of the Mahindra Group, has a development footprint of 49.26 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. Powered by Capital Market - Live

Net profit of Mahindra Lifespace Developers reported to Rs 47.90 crore in the quarter ended September 2025 as against net loss of Rs 14.02 crore during the previous quarter ended September 2024. Sales rose 130.75% to Rs 17.56 crore in the quarter ended September 2025 as against Rs 7.61 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales17.567.61 131 OPM %-298.80-626.94 - PBDT57.25-9.99 LP PBT50.74-13.99 LP NP47.90-14.02 LP Powered by Capital Market - Live

Mahindra Lifespace Developers will hold a meeting of the Board of Directors of the Company on 31 October 2025.Powered by Capital Market - Live

The company said the land parcel enjoys strategic connectivity, offering quick access to Hinjewadi and proximity to key educational institutions such as Delhi Public School, Mahindra International School, and Symbiosis Centre for Management. The site is also equidistant from Baner-Balewadi and Hinjewadi, two of Pune's major IT and BFSI hubs. Separately, Mahindra Lifespace has been selected as the preferred partner for the redevelopment of four residential societies in Malad (West), Mumbai. The 1.65-acre project has an estimated development potential of around Rs 800 crore. Located close to the company's ongoing project, Mahindra Codename64, the new Malad development strengthens its presence in the area. The site is just 2.6 km from the Western Express Highway, less than 1 km from Malad West Metro Station, and 1.5 km from Malad Railway Station, offering strong connectivity to key business hubs like Mindspace and Bandra Kurla Complex (BKC). The redevelopment project is situated in a well-developed residential area with easy access to schools, hospitals, retail outlets, and business centres, offering residents enhanced urban convenience and mobility across Mumbai. Mahindra Lifespaces Developers, the real estate arm of the Mahindra Group, has a development footprint of 49.26 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. On a consolidated basis, the company reported a 302.8% surge in net profit to Rs 51.24 crore, while revenue from operations fell 31.97% to Rs 31.97 crore in Q1 FY26 over Q1 FY25. Powered by Capital Market - Live

Mahindra Lifespace Developers announced that it has been selected as the preferred partner for the redevelopment of four residential societies in Malad (West), one of Mumbai's established suburban neighbourhoods. Spread across approximately 1.65 acres, the project offers a development potential of Rs ~800 crore. The project is located close to Mahindra Lifespaces' ongoing redevelopment project, Mahindra Codename64, strengthening presence in the micro-market. Located just 2.6 km from the Western Express Highway, the project offers excellent connectivity to key parts of Mumbai via multiple transport modes. It is conveniently situated less than 1 km from Malad West Metro Station and around 1.5 km from Malad Railway Station. The location's proximity to prominent business hubs such as Mindspace, Malad and Bandra Kurla Complex (BKC) further enhances its appeal.Powered by Capital Market - Live

The board of Mahindra Lifespace Developers at its meeting held on 18 September 2025 has, subject to shareholders approval, considered and approved the proposal to acquire entire stake held by Actis Mahi Holdings Singapore (Actis) in Mahindra Homes (MHPL), subsidiary of the Company. Consequent to completion of the aforesaid transaction, MHPL would become a 1holly owned subsidiary (WOS) of the Company.Powered by Capital Market - Live

The two housing societies collectively span approximately 4.4 acres, with one covering 2.6 acres and the other 1.8 acres. The projects are expected to deliver well-planned residential spaces focused on sustainability, modern amenities, and seamless connectivity. 'The redevelopment will not only enhance the living experience for current and future residents but also create long-term value through thoughtful design and environmentally responsible practices,' the company said in a statement. The redevelopment projects are located in the Diamond Garden area of Chembur, a neighbourhood long recognised for its strategic connectivity between Mumbai's key business districts and the eastern suburbs. The site is just 1.5 kilometres from the Eastern Freeway, providing seamless access to Thane, Navi Mumbai, and other parts of the city. Connectivity will receive an added boost with the upcoming Diamond Garden Metro Station on Line 2, along with the existing Monorail and Suburban Railway networks in close proximity. Vimalendra Singh, chief business officer (CBO)' residential, Mahindra Lifespace Developers, said 'Redevelopment continues to play an important role in our growth journey. It enables us to bring highquality residential projects to neighbourhoods where demand remains strong. We are grateful for the trust the societies have placed in us, and through this project we look forward to contributing to the growth story of Chembur.' Mahindra Lifespaces Developers is the real estate arm of the Mahindra Group. The company's development footprint spans 41.11 million square feet (saleable area) of completed, ongoing, and forthcoming residential projects across seven Indian cities and over 5000 acres of ongoing and forthcoming projects under development/management at its integrated developments/industrial clusters across four locations. The company reported a 302.8% surge in consolidated net profit to Rs 51.24 crore, while revenue from operations fell 31.97% to Rs 31.97 crore in Q1 FY26 over Q1 FY25. Powered by Capital Market - Live