Mahindra Lifespace Q2 FY27: Residential Pre-sales at ₹1988 Cr, Up 66%
Mahindra Lifespace reported H1 FY27 residential pre-sales of ₹1988 Cr, a 66% YoY increase. Consolidated sales reached ₹2101 Cr with PAT of ₹102 Cr. The company added ₹7100 Cr in GDV for its IC&IC business. Total GDV potential stands at ~₹50,000 Cr, with a pipeline targeting significant future growth.
The announcement details strong financial performance, significant growth in key business segments (Residential and IC&IC), and a clear strategy for future expansion, including a substantial project pipeline. This information is highly material for investors and stakeholders.
The company reported strong year-over-year growth in residential pre-sales and overall sales, coupled with a healthy profit after tax and a robust balance sheet. The significant GDV additions in the IC&IC segment and a strong future project pipeline indicate positive future prospects.
Mahindra Lifespace Developers Limited announced its financial results for the second quarter and half year ended 30 September 2026, presenting an investor presentation detailing its performance and outlook.
In the residential segment, the company reported pre-sales of ₹1988 crore for the first half of FY27, marking a significant 66% year-over-year growth. This performance was driven by successful launches of projects like Rainforest, BeaconHill, and Citadel Phase 3, with sustenance sales contributing approximately 41% of the total sales. The company also received RERA approvals for Mahalunge Phase 1 and Lakewoods F&G, and expanded its partnerships with Tier 1 contractors. Occupancy Certificates (OCs) were received for Eden Phase 2, Luminare, and Palghar 2.1.8.
The Integrated Cities and Industrial Clusters (IC&IC) business also demonstrated robust growth, with Gross Development Value (GDV) additions of ₹7100 crore in H1 FY27, bringing the total GDV to approximately ₹50,000 crore. The company has been actively cleaning up legacy lands and accelerating land aggregation for future projects.
Financially, Mahindra Lifespace reported consolidated sales of ₹2101 crore for H1 FY27 (a 48% YoY growth) and a Profit After Tax (PAT) of ₹102 crore. The company maintains a healthy balance sheet with a net debt-to-equity ratio of -0.28 and a cost of debt at 7.55%. The residential collections in H1 FY27 were strong, amounting to ₹1152 crore.
The company has a strong pipeline of future projects, with a total GDV potential of approximately ₹50,400 crore. Key launches planned for FY25 to FY27 include projects in Mumbai, Bengaluru, and Pune, focusing on premium and mid-premium segments. The company is strategically exiting the affordable segment to focus on higher-margin offerings. The IC&IC business is also set for value unlocking, with expected revenues of ₹5,000 - ₹6,000 crore and PAT of approximately ₹1,500 crore (MLDL share) from its integrated cities.
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Mahindra Lifespace Developers Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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