Mahindra Lifespace Q1 profit jumps 67% as sales spike 70%, residential pre-sales double

Real estate company Mahindra Lifespace Developers Ltd on Thursday (July 23) reported a 67% year-on-year rise in consolidated profit after tax (PAT) to ₹86 crore for the first quarter of FY27, driven by higher sales and revenue.

Consolidated sales across the residential and Integrated Cities & Industrial Clusters (IC&IC) businesses rose 70% year-on-year to ₹966 crore. Consolidated revenue from the residential and IC&IC businesses stood at ₹962 crore in the June quarter, compared with ₹32 crore in the corresponding period last year.

On a sequential basis, consolidated net profit declined 5% to ₹85.53 crore from ₹90 crore, while revenue increased 44% to ₹962.13 crore from ₹669 crore.

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The company reported earnings before interest, taxes, depreciation and amortisation (EBITDA) of ₹94.4 crore for the quarter, compared with an EBITDA loss of ₹44.4 crore in the preceding quarter. EBITDA margin stood at 9.8%.

Residential pre-sales more than doubled during the quarter, rising 106% year-on-year to ₹925 crore. The company sold 0.60 million square feet of saleable area, equivalent to a Real Estate Regulatory Authority (RERA) carpet area of 0.39 million square feet.

Gross development value additions during the quarter increased to ₹5,600 crore from ₹3,500 crore in the year-ago period. Revenue from the IC&IC business came in at ₹41 crore for the quarter, compared with ₹120 crore a year earlier.

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Mahindra Lifespace said residential collections stood at ₹527 crore in the first quarter, up from ₹518 crore in the corresponding quarter last year. As of June 30, 2026, the company reported a net debt-to-equity ratio of -0.20, indicating a cash surplus position.

Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Ltd, said, “We have begun FY27 on a strong footing, delivering robust presales growth and healthy profitability. Building on two consecutive years of over 18,000 Cr in GDV additions, we added 5,600 Cr of GDV in Q1 in the Mumbai region.

Our IC&IC business enters Q2 FY27 with a strong pipeline, providing good visibility for growth. Supported by a healthy balance sheet, we remain well-positioned to pursue growth opportunities while maintaining financial discipline."

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Shares of Mahindra Lifespace Developers Ltd ended at ₹378.60, up by ₹4.45, or 1.19%, on the BSE.