Mahindra Lifespaces Reports Rs 510 million PAT in Q1 FY26
Real Estate

Mahindra Lifespaces Reports Rs 510 million PAT in Q1 FY26

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.” 

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.” 

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code