Mahindra Lifespace Developers Limited (MLDL) announced its financial results for the quarter and half-year ended September 30, 2026. The company reported consolidated sales of ₹2,101 crore for H1 FY27, marking a significant 48% year-on-year growth. Residential pre-sales also saw robust growth, increasing by 66% YoY to ₹1,988 crore in H1 FY27. The company maintained a healthy balance sheet with a net debt to equity ratio of -0.28.
Mahindra Lifespaces Reports Strong H1 FY27 Performance
Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has announced its financial results for the quarter and half-year ended September 30, 2026. The company reported a consolidated sales of ₹2,101 crore for the first half of FY27, representing a substantial 48% year-on-year growth.
Key Financial Highlights for H1 FY27
In the first half of FY27, MLDL’s gross development value additions reached ₹7,100 crore, an increase from ₹5,200 crore in H1 FY26. Residential pre-sales were particularly strong, growing by 66% YoY to ₹1,988 crore, covering a saleable area of 1.29 million sq ft. Revenue from the industrial, commercial, and residential (IC&IC) business was ₹113 crore, with a total leased area of 38.9 acres.
The consolidated profit after tax (PAT), after considering non-controlling interests, stood at ₹102 crore for H1 FY27, compared to ₹99 crore in the previous year. The company highlighted its strong balance sheet and collections, with a net debt to equity ratio of -0.28 (indicating a cash surplus) as of September 30, 2026. Residential collections for H1 FY27 were ₹1,152 crore, up from ₹1,086 crore in H1 FY26.
Q2 FY27 Performance
For the second quarter of FY27 (Q2 FY27), consolidated sales stood at ₹1,126 crore, showing a 32% YoY growth. Gross development value additions in Q2 FY27 amounted to ₹1,500 crore. Residential pre-sales in Q2 FY27 grew by 41% YoY to ₹1063 crore. Revenue from the IC&IC business was ₹63 crore in Q2 FY27, with a total leased area of 36.9 acres.
The consolidated PAT for Q2 FY27 was ₹16 crore, down from ₹48 crore in Q2 FY26. Mr. Amit Kumar Sinha, Managing Director & CEO of Mahindra Lifespace Developers Ltd., commented on the performance, noting the strong H1 FY27 pre-sales growth and robust business development. He also highlighted the company’s healthy balance sheet and strong PAT delivery.
Notes
The company uses carpet areas in its customer communications but presents data in saleable area terms for investor continuity. Operational highlights encompass the performance of the company, its subsidiaries, and joint ventures/associates.
Source: BSE
