Mahindra Lifespace Developers Limited (MLDL) has reported a robust 25% sales growth for the fiscal year 2026. The company achieved consolidated residential pre-sales of Rs 3,405 crore and highlighted significant Gross Development Value (GDV) additions of Rs 18,060 crore. With a strong cash-surplus position and healthy operating cash flows, the Board has proposed a final dividend of Rs 3.50 per equity share, marking a 25% increase over the previous year.
Strong Financial and Operational Performance
For the fiscal year ended 31 March 2026, MLDL demonstrated consistent momentum. The company reported consolidated sales (Residential and Industrial/IC&IC) of Rs 4,118 crore. A key highlight of the year was the substantial growth in profitability, with the consolidated profit after tax (PAT) reaching Rs 298 crore. The company also maintained a strong balance sheet, ending the year with a net debt to equity ratio of -0.27, reflecting a solid cash surplus position.
Quarterly Highlights
In the final quarter (Q4: Jan-Mar 2026), MLDL maintained its performance trajectory, recording consolidated sales of Rs 1,993 crore. Residential pre-sales for the quarter stood at Rs 1,633 crore, representing a notable increase compared to previous periods. Operating cash flows also remained healthy at Rs 282 crore for the quarter, supported by successful project launches such as Blossom, Marina64, and NewHaven.
Strategic Growth and Outlook
The company continues to expand its footprint with significant GDV additions of Rs 18,060 crore during the year, which includes the Thane unlocking valued at Rs 7,500 crore. Furthermore, the company successfully concluded a strategic partnership with Mitsui Fudosan in March 2026. Looking ahead, MLDL remains committed to its strategy of driving growth through its residential and industrial business ecosystems, while maintaining a strong focus on sustainability and Net Zero objectives.
Annual General Meeting and Dividend
The company has announced that its 27th Annual General Meeting will be held on Thursday, 23 July 2026. The Board of Directors has recommended a final dividend of Rs 3.50 per share for the financial year ended 31 March 2026, subject to approval by shareholders. The record date for the final dividend has been fixed as Friday, 3 July 2026.
Source: BSE
