Mahindra Lifespace Q3 results: Shares gain 6% as strong residential sales lift profit

Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, reported a healthy set of results for the quarter ended December 31, 2025, driven by a sharp recovery in residential performance and sustained demand in its industrial and integrated cities (IC&IC) business.

The company posted consolidated residential and IC&IC sales of ₹707 crore in Q3 FY26. Residential pre-sales stood at ₹572 crore, a significant jump from ₹334 crore in the corresponding

quarter last year, supported by sales of 0.60 million square feet.

Gross development value (GDV) additions during the quarter came in at ₹1,010 crore, reflecting steady expansion of the development pipeline.

The IC&IC business also delivered a strong showing, with consolidated revenues rising to ₹134 crore from ₹70 crore a year earlier, aided by leasing of 17.9 acres across industrial parks. This performance underscores healthy demand for high-quality industrial land, particularly from manufacturing and logistics players.

Mahindra Lifespace reported a consolidated profit after tax of ₹109 crore in Q3 FY26, compared with a loss of ₹23 crore in Q3 FY25, supported by three residential project completions during the quarter.

The balance sheet remained robust, with a net debt-to-equity ratio of –0.12, indicating a cash surplus position. Residential collections for the first nine months of FY26 stood at ₹1,472 crore, higher than ₹1,365 crore in the year-ago period.

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Commenting on the performance, Amit Kumar Sinha, Managing Director & CEO, said the company has a strong pipeline of residential launches heading into FY27 and is witnessing healthy traction in industrial plots, including the launch of Phase 2A of Origins by Mahindra in Chennai.

The market reacted positively to the results. Post earnings, shares of Mahindra Lifespace Developers Ltd rose over 6% to an intraday high of ₹399.50. As of 2:53 pm, the stock was trading at ₹386.65 on the NSE, up 5.64% on the day.