Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, announced its financial results for the quarter ended March 31, 2025. In line with INDAS 115, the company recognises revenues using the completion of contract method. Key highlights FY25: Consolidated sales (Residential and IC&IC) of Rs 32.99 billion. Gross development value (GDV) additions in FY25 were Rs 1.81 trillion compared to Rs 440 billion in FY24 (~4x growth). Residential pre-sales of Rs 28.04 billion in FY25, reflecting 20.4% growth over FY24 (saleable area – 3.18 million sq ft, RERA carpet area – 2.32 million sq ft). Consolidated revenues from IC&IC business stood at Rs 4.95 billion in FY25, reflecting a 5% growth over FY24 (Total leased area – 85.1 acres). The consolidated total income as per INDAS grew by 66% in FY25 to Rs 4.64 billion compared to Rs 2.79 billion in FY24. Strong collections, cash flow, profitability, and a healthy balance sheet. Residential collections at Rs 18.31 billion for FY25 compared to Rs 13.85 billion for FY24. Highest-ever consolidated operating cash flow (including joint ventures and associates) in FY25 at Rs 8.32 billion compared to Rs 6.39 billion in FY24, reflecting a 30% growth. The consolidated profit before tax (after non-controlling interest), as per INDAS, grew by 30% to Rs 705 million in FY25 compared to Rs 543 million in FY24. The consolidated profit after tax (after non-controlling interest), as per INDAS, was Rs 613 million in FY25 compared to Rs 982 million in FY24. Net debt-to-equity ratio remained healthy at 0.39 in FY25. Q4 FY25: Consolidated sales (Residential and IC&IC) of Rs 12.66 billion. Gross development value additions in Q4 FY25 were Rs 365 billion compared to Rs 204 billion in Q4 FY24 (~1.8x growth). Q4 FY25 pre-sales of Rs 10.55 billion (saleable area – 1.03 million sq ft, RERA carpet area – 0.70 million sq ft) compared to Rs 10.86 billion in Q4 FY24. Consolidated revenues from IC&IC business stood at Rs 2.11 billion in Q4 FY25, reflecting 14% growth over Q4 FY24 (Total leased area – 37.8 acres). The consolidated total income as per INDAS was Rs 554 million in Q4 FY25 compared to Rs 546 million in Q4 FY24. Strong collections, cash flow, and profitability. Residential collections of Rs 4.66 billion in Q4 FY25 compared to Rs 4.12 billion in Q4 FY24. Consolidated profit before tax (after non-controlling interest), as per INDAS, grew by 48% to Rs 865 million in Q4 FY25 compared to Rs 586 million in Q4 FY24. Consolidated profit after tax (after non-controlling interest), as per INDAS, was Rs 851 million in Q4 FY25 compared to Rs 715 million in Q4 FY24, reflecting a 19% growth. Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Ltd., said, We had a very successful year with GDV additions of Rs 1.81 trillion, ~4x over FY24. We also achieved a 20.4% growth in our residential pre-sales, driven by successful launches such as Vista Phase 2, IvyLush, Zen, and Green Estates during the year. Our IC&IC business also delivered strong results with marquee transactions closed. This positions us well to achieve our target of Rs 800-1000 billion in sales over the next five years. Our balance sheet remains robust with the highest-ever operating cash flows and a well-controlled net debt-to-equity ratio.