Mahindra Lifespaces Reports Rs 510 million PAT in Q1 FY26

26 Jul 2025 CW Team

Mahindra Lifespace Developers (MLDL), the real estate and infrastructure arm of the Mahindra Group, reported a consolidated profit after tax of Rs 510 million for Q1 FY26, up from Rs 130 million in Q1 FY25.

The quarter saw gross development value (GDV) additions of Rs 35 billion, a 2.5x rise from Rs 14 billion a year ago. Consolidated sales across residential and IC&IC segments stood at Rs 5.69 billion.

Residential pre-sales touched Rs 4.49 billion, with a saleable area of 0.58 million sq ft, lower than the Rs 10.19 billion achieved in Q1 FY25, as the company awaits approvals for upcoming launches. Residential collections stood at Rs 518 crore.

The IC&IC business clocked revenues of Rs 1.2 billion in Q1, growing 17 per cent YoY, with total leased area of 18.7 acre. Consolidated income under INDAS was Rs 410 million.

MLDL also completed a successful rights issue during the quarter, bringing its net debt-to-equity ratio to -0.23, indicating a cash surplus.

Amit Kumar Sinha, MD & CEO, 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 35 billion. 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.”

Infrastructure Transport

06 Feb 2026

Second Mountain Tunnel Breakthrough in Palghar Advances High Speed Rail

The Mumbai-Ahmedabad high speed rail (MAHSR) project reached a milestone with the breakthrough of a mountain tunnel in Palghar, Maharashtra. Mountain tunnel MT-six measures 454 metres long and 14.4 metres wide and will accommodate up and down tracks. The breakthrough follows MT-five near Saphale on second January 2026 and the MT-six excavation was completed from both ends using the New Austrian Tunnelling Method. The ministry reported that the tunnelling was completed within 12 months. The New Austrian Tunnelling Method is favoured for its flexibility in complex geology and irregular tunnel s..

Modi Government Pushes Atmanirbhar Container Drive With BCSL MoU

The Union Government advanced a plan to create an integrated, domestically anchored container ecosystem with the signing of a Memorandum of Understanding to establish the Bharat Container Shipping Line (BCSL). The MoU was signed by key agencies including the Shipping Corporation of India and Container Corporation of India alongside major port authorities and Sagarmala Finance Corporation Limited under the Ministry of Ports, Shipping and Waterways, in the presence of senior ministers. The initiative aligns with the Container Manufacturing Assistance Scheme announced in the Union Budget 2026–2..

Ministry Reports Gains In Mobility For Marginalised Communities

The Ministry of Social Justice and Empowerment is implementing skill development, education and rehabilitation schemes to promote socio-economic mobility and sustainable livelihoods for marginalised and disadvantaged communities across the country. Programmes target Scheduled Castes, Other Backward Classes, Economically Weaker Sections, De-notified Tribes and Safai Karamcharis through specialised implementing corporations and empanelled training institutes. Pradhan Mantri Dakshata Aur Kushalta Sampann Hitgrahi Yojana, or PM-DAKSH, provided skill training and placement support through the Nati..