Mahindra Lifespace Developers Ltd

Mahindra Lifespace Developers announced that CRISIL Rating has assigned the rating CRISIL AA; Stable / CRISIL A1+ for the company's bank facilities and commercial paper. Powered by Capital Market - Live

Revenue from operations surged 174.48% year-on-year to Rs 459.16 crore for the quarter ended 31 December 2025. The company reported a profit before exceptional items and tax of Rs 32.27 crore in Q3 FY26, compared with a pre-tax loss of Rs 15.11 crore in the year-ago quarter. An exceptional item of Rs 25.83 crore was recorded during the quarter under review. Total expenses increased 117.44% YoY to Rs 436.81 crore in Q3 FY26. The company maintained a strong balance sheet and healthy collections, with a net debt-to-equity ratio of -0.12 (cash surplus) as of 31 December 2025. The company achieved consolidated sales (Residential and IC&IC) of Rs 707 crore. Gross development value (GDV) additions in Q3 FY26 stood at Rs 1,010 crore. Residential pre-sales in Q3 FY26 were Rs 572 crore (saleable area of 0.60 msft and RERA carpet area of 0.45 msft), compared with Rs 334 crore in Q3 FY25. On a nine-month basis, the company reported a consolidated net profit of Rs 208.02 crore in 9M FY26, compared with a net loss of Rs 23.79 crore in 9M FY25. Revenue from operations jumped 40.12% YoY to Rs 508.69 crore in 9M FY26. For the nine-month period, consolidated sales (Residential and IC&IC) stood at Rs 2,125 crore. GDV additions in 9M FY26 were Rs 10,560 crore, in addition to Rs 18,100 crore in FY25. Residential pre-sales in 9M FY26 were Rs 1,773 crore (saleable area of 2.35 msft and RERA carpet area of 1.76 msft), compared with Rs 1,749 crore in 9M FY25. Amit Kumar Sinha, MD & CEO, Mahindra Lifespace Developers, said, 'We are thrilled to announce a strong quarterly result. On the residential side, we had 3 project completions that contributed to our PAT. We have a strong pipeline of residential launches leading into FY27. On the IC&IC side, we are seeing healthy demand for high quality industrial plots in our industrial parks. We launched phase 2A of Origins by Mahindra in Chennai in December 25.' 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. Powered by Capital Market - Live

Net profit of Mahindra Lifespace Developers reported to Rs 108.88 crore in the quarter ended December 2025 as against net loss of Rs 22.49 crore during the previous quarter ended December 2024. Sales rose 174.49% to Rs 459.16 crore in the quarter ended December 2025 as against Rs 167.28 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales459.16167.28 174 OPM %6.49-15.18 - PBDT109.28-1.18 LP PBT103.61-5.15 LP NP108.88-22.49 LP Powered by Capital Market - Live

Mahindra Lifespace Developers will hold a meeting of the Board of Directors of the Company on 2 February 2026.Powered by Capital Market - Live

Mahindra Blossom will be the company's third 'net zero' residential development in the city. Vimalendra Singh, chief business officer ' Residential, Mahindra Lifespace Developers, said: Bengaluru is a key market in our strategy to scale residential development across strong, end-user-driven cities. Mahindra Blossom reflects this focus by offering well-designed, sustainable homes in a premium location. Whitefield continues to show steady absorption supported by connectivity improvements and a deep employment base. 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 fell 1.18% to currently trade at Rs 394.75 on the BSE. Powered by Capital Market - Live

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