MLDL Records 20.4% Growth in Pre-Sales

26 Apr 2025 CW Team

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."

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.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Infrastructure Urban

06 Feb 2026

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Infrastructure Urban

06 Feb 2026

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..