Mahindra Lifespace Developers Limited (MLDL) reported strong financial results for Q3 FY26, driven by residential project completions and healthy industrial leasing. Consolidated sales reached ₹707 crore. Residential pre-sales were ₹572 crore. The consolidated profit after tax (PAT) stood at ₹109 crore. The Company’s net debt to equity ratio remains strong at -0.12 (cash surplus).
Financial Performance Highlights
Mahindra Lifespace Developers Limited announced its financial results for the quarter ended December 31, 2025, showcasing robust growth and profitability.
Q3 FY26 Performance
Key highlights for Q3 FY26 include:
- Consolidated Sales (Residential and IC&IC): ₹707 crore.
- Residential pre-sales: ₹572 crore (saleable area of 0.60 msft).
- Gross development value additions: ₹1,010 crore.
- IC&IC revenues: ₹134 crore (Total leased area of 17.9 acres).
- Consolidated PAT (after non-controlling interest): ₹109 crore.
9M FY26 Performance
The highlights for the nine months ending December 31, 2025 include:
- Consolidated Sales (Residential and IC&IC): ₹2,125 crore.
- Gross development value additions: ₹10,560 crore.
- Residential pre-sales: ₹1,773 crore (saleable area of 2.35 msft).
- IC&IC revenues: ₹352 crore (Total leased area of 53.5 acres).
- Consolidated PAT (after non-controlling interest): ₹208 crore.
Strong Balance Sheet
The company reported a strong balance sheet with a net debt to equity ratio of -0.12 (cash surplus) as of December 31, 2025. Residential collections for 9M FY26 reached ₹1,472 crore.
Management Commentary
Mr. Amit Kumar Sinha, Managing Director & CEO, commented on the performance, noting that the company had 3 project completions contributing to the strong PAT. A strong pipeline of residential launches is expected in FY27, along with healthy demand for industrial plots, including the launch of Phase 2A of Origins by Mahindra in Chennai.
Source: BSE
