NEW DELHI: Mahindra Lifespace Developers has recorded a 66.9% rise in its net consolidated profit after tax, reaching ₹85.55 crore for the quarter ending June 30, 2026, up from ₹51.26 crore in the same quarter last year.
The company’s total consolidated income surged to ₹977.54 crore in Q1 FY27 from ₹40.61 crore in Q1 FY26.
Consolidated sales in residential, integrated cities, and industrial clusters climbed 70% year-on-year to ₹966 crore during the quarter.
Residential pre-sales soared by 106% to ₹925 crore, with the company selling 0.60 million sq ft of saleable area, equating to 0.39 million sq. ft. of RERA carpet area.
Revenue from integrated cities and industrial clusters reached ₹41 crore this quarter, down from ₹120 crore during the same period last year.
In Q1 FY27, Mahindra Lifespaces introduced projects with estimated gross development value (GDV) of ₹5,600 crore, contrasting with ₹3,500 crore in the previous year’s quarter. These projects were primarily located in the Mumbai region.
Residential collections rose to ₹527 crore, up from ₹518 crore in Q1 FY26.
As of June 30, 2026, the company’s net debt-to-equity ratio was -0.20, indicating a net cash position.
“After two consecutive years of GDV additions exceeding ₹18,000 crore, we’ve added ₹5,600 crore in GDV this quarter, focused in the Mumbai region,” stated Amit Kumar Sinha, the company’s Managing Director and CEO.
