Mahindra Lifespace Developers has announced its audited financial results for the year ended March 31, 2026. The company reported consolidated total income of ₹1,26,595 lakh for the fiscal year, with a consolidated profit after tax of ₹29,817 lakh. Driven by strong operational performance and strategic growth initiatives, the company has declared a dividend of ₹3.5 per share, subject to approval at the upcoming annual general meeting.
Annual Financial Highlights
For the financial year ended March 31, 2026, the company achieved a robust consolidated total income of ₹1,26,595 lakh, a significant increase compared to the previous year. The consolidated profit after tax reached ₹29,817 lakh, reflecting a solid growth trajectory. Standalone performance for the same period saw a total income of ₹1,17,766 lakh and a profit after tax of ₹7,210 lakh.
Operational Milestones and Growth
The company successfully completed a rights issue of 5,81,63,456 equity shares at ₹257 per share, raising a total of ₹1,49,480 lakh. These funds are designated for debt repayment, land acquisition, and working capital requirements. Additionally, the company concluded a slump sale of its Alembic undertaking to Mahindra Blossom Developers Limited, resulting in a profit on sale of ₹4,197 lakh.
Strategic Acquisitions and Joint Ventures
Strategic portfolio management remained a key focus throughout the year. The company acquired the remaining 25.65% stake in Mahindra Homes Private Limited, making it a wholly-owned subsidiary. Furthermore, the company partnered with Mitsui Fudosan (Asia) Pte Ltd for the development of its subsidiary, Mahindra Blossom Developers Limited, which has now been classified as a joint venture.
Shareholder Returns
Demonstrating commitment to its investors, the Board of Directors has recommended a final dividend of ₹3.5 per equity share (representing 35% of the face value of ₹10 each). This recommendation remains subject to the approval of shareholders at the company’s forthcoming annual general meeting.
Source: BSE
