Mahindra Lifespace Developers Reports Q1 FY27 Revenue Surge to ₹962.13 Crore; Net Profit Up 67% YoY to ₹85.53 Crore

Mahindra Lifespace Developers Limited (CIN: L45200MH1999PLC118949), the real estate and infrastructure development arm of the Mahindra Group, today announced its consolidated unaudited financial results for the first quarter of Financial Year 2026-2027 (Q1 FY27) ended June 30, 2026.

Driven by strong residential pre-sales and robust project completions-with revenues recognized under the completion of contract method (IND AS 115)-the company delivered significant multi-fold growth in operational revenue alongside strong profitability.

Consolidated Financial Performance

Mahindra Lifespaces reported a dramatic increase in consolidated revenue from operations for Q1 FY27, scaling to ₹96,213 lakh (₹962.13 crore). This represents a massive multi-fold growth compared to ₹3,197 lakh in Q1 FY26 and a 43.68% sequential expansion over ₹66,962 lakh in Q4 FY26.

Total consolidated income for the quarter reached ₹97,754 lakh (₹977.54 crore), supported by ₹1,541 lakh in other income.

Profitability Metrics

Profit Before Tax (PBT): Expanded to ₹11,100 lakh (₹111.00 crore) in Q1 FY27, up 167.47% YoY from ₹4,150 lakh in Q1 FY26 and up 31.77% QoQ compared to ₹8,424 lakh in Q4 FY26.

Profit Before Exceptional Items, Joint Ventures, and Tax: Stood at ₹10,245 lakh, reversing a loss of ₹5,642 lakh in Q1 FY26.

Net Profit After Tax (PAT): Came in at ₹8,555 lakh (₹85.55 crore). Net profit attributable to owners of the parent stood at ₹8,553 lakh (₹85.53 crore), marking a 66.92% YoY growth over ₹5,124 lakh in Q1 FY26.

Earnings Per Share (EPS): Basic EPS rose to ₹4.01 per equity share (face value of ₹10/- each, not annualised), up from ₹2.93 in Q1 FY26. Diluted EPS stood at ₹4.00.

Key Operational & Business Highlights

Consolidated Sales: Overall sales (Residential + IC&IC) reached ₹966 crore, reflecting a 70% YoY growth.

Residential Pre-Sales: Recorded a 106% YoY surge to ₹925 crore, covering a saleable area of 0.60 million square feet (msft) and a RERA Carpet area of 0.39 msft.

Gross Development Value (GDV) Additions: GDV additions in Q1 FY27 reached ₹5,600 crore, compared to ₹3,500 crore in Q1 FY26.

Integrated Cities & Industrial Clusters (IC&IC): IC&IC revenues for the quarter stood at ₹41 crore, compared to ₹120 crore in Q1 FY26.

Residential Collections: Stood strong at ₹527 crore for Q1 FY27, up from ₹518 crore in Q1 FY26.

Balance Sheet Strength: The company maintained a cash-surplus position with a net debt-to-equity ratio of -0.20 as of June 30, 2026.

Expense Breakdown

Total consolidated expenses for Q1 FY27 amounted to ₹87,509 lakh, compared to ₹9,703 lakh in Q1 FY26 and ₹72,245 lakh in Q4 FY26.

Construction Expenses Incurred: Stood at ₹59,727 lakh (₹40,583 lakh in Q1 FY26).

Changes in Inventories: Recorded at ₹(13,237) lakh for work-in-progress and finished goods.

Operating Expenses: Came in at ₹3,138 lakh.

Employee Benefits Expense: Accounted for ₹3,357 lakh, compared to ₹2,802 lakh in Q1 FY26.

Finance Costs: Reduced to ₹240 lakh, down from ₹395 lakh in Q1 FY26 and ₹334 lakh in Q4 FY26.

Depreciation & Amortisation: Stood at ₹504 lakh.

Other Expenses: Accounted for ₹3,780 lakh.

Joint Venture Contribution:

The share of profit from joint ventures and associates contributed ₹855 lakh to the total consolidated PBT in Q1 FY27, compared to ₹9,602 lakh in Q1 FY26 and ₹8,348 lakh in Q4 FY26.

Capital Structure

As of June 30, 2026, the company's paid-up equity share capital stood at ₹21,334 lakh (comprising equity shares with a face value of ₹10/- each). Total comprehensive income attributable to the owners of the parent for the quarter stood at ₹8,553 lakh.

Commenting on the performance, Mr. 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."

Shares of Mahindra Lifespace Developers Limited was last trading in BSE at Rs. 378.10 as compared to the previous close of Rs. 374.15. The total number of shares traded during the day was 172655 in over 3288 trades.

The stock hit an intraday high of Rs. 408.35 and intraday low of 371.75. The net turnover during the day was Rs. 67637266.00.

Source : Equity Bulls

Keywords

MahindraLifespaceDevelopers INE813A01018 Realty RealEstate Q1FY27 Q1FY2027 ResultUpdate