Mahindra Lifespaces Q1 FY26 PAT Jumps 4x to Rs. 51 Cr

Mahindra Lifespaces Developers the real estate and infrastructure arm of the Mahindra Group, has reported a robust financial performance for the quarter ending June 30, 2025, marking a strong start to FY26.

In Q1 FY26, the company added projects with a Gross Development Value (GDV) of Rs. 3,500 crore, significantly higher than the Rs. 1,400 crore reported in the same period last year—underscoring an aggressive push in business development. Consolidated residential pre-sales reached Rs. 449 crore, representing a saleable area of 0.58 million sq. ft.

Key Highlights

• Gross Development Value (GDV) additions of Rs. 3,500 crore
• Residential pre-sales at Rs. 449 crore across 0.58 million sq. ft
• Robust growth in industrial leasing via its IC&IC business, delivering Rs. 120 crore in revenue

The company also indicated a strong launch pipeline for the upcoming quarters, suggesting sustained momentum. The Integrated Cities & Industrial Clusters (IC&IC) segment continued its upward trajectory, generating Rs. 120 crore in revenue—a 17 percent year-over-year increase—fueled by robust leasing activity, especially in Jaipur and Chennai.

MLDL’s Profit After Tax (PAT) for the quarter stood at Rs. 51 crore, nearly four times higher than Rs. 13 crore in Q1 FY25. This sharp rise in profitability is complemented by stable residential collections totaling Rs. 518 crore. A key financial milestone was the successful completion of a Rights issue, which significantly bolstered the company’s balance sheet. The net debt-to-equity ratio improved to 0.23, indicating a healthy capital structure and surplus liquidity.

Commenting on the performance, Amit Kumar Sinha, Managing Director & CEO of Mahindra Lifespaces Developers Ltd., 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 Rs3,500 Cr. 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.”

Also Read: Mahindra Lifespace Buys SSPL Land in North Bengaluru

With strong fundamentals, a growing portfolio, and increased market demand, Mahindra Lifespaces is well-positioned for continued growth in both residential and industrial real estate segments through FY26 and beyond.