NEW DELHI: Mahindra Lifespace Developers announced a net consolidated profit of ₹47.91 crore for the quarter ending September 30, 2025, a significant turnaround from a loss of ₹14.01 crore in the same quarter last year, as reported in a BSE filing.
The company’s total consolidated income for Q2 FY26 reached ₹33.06 crore, reflecting a 107.14% increase from ₹15.96 crore in the corresponding quarter of the previous fiscal year.
Amit Kumar Sinha, Managing Director & CEO, stated, “Our business development momentum remains strong with year-to-date GDV additions of ₹9,500 crore. The IC&IC sector is witnessing robust traction in Jaipur and Chennai, indicating rising interest from industrial clients.”
As of September 30, 2025, the company’s net worth was ₹3,423.29 crore, with a debt-equity ratio of 0.09, a current liability ratio of 0.99, total debts amounting to 4% of total assets, an operating margin of -298.80%, and a net profit margin of 272.84%.
The board of directors announced Avinash Bapat’s resignation as Chief Financial Officer (CFO) and key managerial personnel (KMP) effective October 31, 2025, as he transitions to a new role within the Mahindra Group. Sriram Kumar will succeed him as CFO and KMP starting November 1, 2025.
The company’s consolidated sales for the quarter were ₹851 crore, with gross development value additions of ₹1,700 crore in Q2 FY26, up from ₹650 crore in Q2 FY25.
