Mahindra Lifespaces Developers Ltd. (MLDL), the real estate and infrastructure development arm of the Mahindra Group, announced its financial results for the quarter ended June 30, 2025, showcasing a resilient start to FY26.
In Q1 FY26, the company reported Gross Development Value (GDV) additions of Rs3,500 crore—a sharp rise from Rs1,400 crore in Q1 FY25—underscoring robust business development momentum. Consolidated residential pre-sales stood at Rs449 crore, representing a saleable area of 0.58 million sq. ft., with several new launches expected in the coming quarters.
The Integrated Cities & Industrial Clusters (IC&IC) business continued to perform well, contributing Rs120 crore in revenues—a 17% increase year-over-year—with strong leasing activity across Jaipur and Chennai.
MLDL’s consolidated Profit After Tax (PAT) surged to Rs51 crore in Q1 FY26, nearly four times higher than the Rs13 crore posted in Q1 FY25. Residential collections remained stable at Rs518 crore, while the successful completion of a Rights issue significantly strengthened the company’s balance sheet, resulting in a net debt-to-equity ratio of -0.23 (indicative of a cash surplus).
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.”
