Mumbai, July 23, 2026 – Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development business of the Mahindra Group, announced its financial results for the quarter ended 30 th June 2026 today. In accordance with INDAS 115, Company recognizes its revenues on completion of contract method.
Key highlights
Q1 FY27:
● Consolidated Sales (Resi and IC&IC) of Rs 966 crore, 70% YoY growth
— Gross development value additions in Q1 FY27 were Rs 5,600 crore as against Rs 3,500 crore in Q1 FY26.
— Q1 FY27 residential pre-sales grew by 106% to Rs 925 crore (saleable area of 0.60 msft, RERA Carpet area of 0.39 msft).
— Q1 FY27 IC&IC revenues of Rs 41 crore as against Rs 120 crore in Q1 FY26.
— Consolidated revenues (Resi and IC&IC) of Rs 962 crore in Q1 FY27 as against Rs 32 crore in Q1 FY26.
— Q1 FY27 Consolidated PAT, after non-controlling interest (INDAS) grew by 67% to Rs 86 crore.
● Strong balance sheet and collections and profitability.
— Net debt to equity ratio at -0.20 (cash surplus) as of 30 th June 2026.
— Residential collections of Rs 527 crore for Q1 FY27 as compared to Rs 518 crore for Q1 FY26.
Commenting on the performance, Mr. Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Ltd., said, “We have begun FY27 on a strong footing, delivering robust pre-sales growth and healthy profitability. Building on two consecutive years of over 18,000 Cr in GDV additions, we added 5,600 Cr of GDV in Q1 in the Mumbai region. Our IC&IC business enters Q2 FY27 with a strong pipeline, providing good visibility for growth. Supported by a healthy balance sheet, we remain well-positioned to pursue growth opportunities while maintaining financial discipline.”
Notes:
1. Company uses carpet areas in its customer communication. However, the data in saleable area terms has been presented here to enable continuity of information to investors and shall not be construed to be of any relevance to home buyers / customers.
2. The operational highlights include the performance of the Company and its subsidiaries / joint ventures / associates.
About Mahindra Lifespace Developers Ltd.
Established in 1994, Mahindra Lifespace Developers Ltd. (‘Mahindra Lifespaces’) brings the Mahindra Group’s philosophy of ‘Rise’ to India’s real estate and infrastructure industry through thriving residential communities and enabling business ecosystems. The Company’s development footprint spans 53.65 million sq. ft. (saleable area) of completed, ongoing and forthcoming residential projects across seven Indian cities; and over 5000 acres of ongoing and forthcoming projects under development / management at its integrated developments / industrial clusters across four locations. Mahindra Lifespaces’ development portfolio comprises premium residential projects; value homes under the ‘Mahindra Happinest®’ brand; and integrated cities and industrial clusters under the ‘Mahindra World City’ and ‘Origins by Mahindra’ brands, respectively. The Company leverages innovation, thoughtful design, and a deep commitment to sustainability to craft quality life and business growth.
As a pioneer in Net Zero homes in India, Mahindra Lifespaces is committed to building only Net Zero homes from 2030 onwards. The company has already launched India’s first three Net Zero residential developments: One Net Zero Energy and two Net Zero Energy+ Waste, showcasing its dedication to environmental responsibility and innovation. With a 100% Green portfolio since 2014, the Company is working towards carbon neutrality by 2040 and actively supports research on green buildings tailored to climatic conditions in India. Mahindra Lifespaces® is the recipient of over 90 awards for its projects and ESG initiatives.
Learn more about Mahindra Lifespaces® at www.mahindralifespaces.com