Mahindra Lifespaces Q2 net profit drops 66% to ₹16.34 crore despite revenue surge

Mahindra Lifespace Developers reported a 65.9 per cent decline in net consolidated profit to ₹16.34 crore for Q2 FY27, even as total income tripled to ₹104.02 crore. Residential pre-sales rose 41 per cent to ₹1,063 crore, while the company added projects worth ₹1,500 crore in gross development value

Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development arm of the Mahindra Group, posted a 65.9 per cent drop in net consolidated profit after tax to ₹16.34 crore for the quarter ended 30 September 2026. This compares with a net profit of ₹47.91 crore in the same period a year earlier.

Despite the profit decline, the company’s net consolidated total income surged to ₹104.02 crore in Q2 FY27 from ₹33.06 crore in Q2 FY26. Consolidated sales from its residential, integrated cities and industrial clusters businesses rose 32 per cent year-on-year to ₹1,126 crore during the quarter.

Residential pre-sales jumped 41 per cent to ₹1,063 crore, with the company selling 0.69 million sq. ft. of saleable area, equivalent to 0.46 million sq. ft. of RERA carpet area. Mahindra Lifespaces added projects with an estimated gross development value of ₹1,500 crore in the second quarter.

For the first half of FY27, consolidated total income came in at ₹1,081.56 crore, up sharply from ₹73.67 crore in H1 FY26. Net consolidated profit after tax for the half-year increased 2.7 per cent to ₹101.89 crore from ₹99.17 crore in the corresponding period of the previous fiscal.

Consolidated sales for H1 FY27 climbed 48 per cent year-on-year to ₹2,101 crore. The company added projects worth an estimated gross development value of ₹7,100 crore during the first six months, compared with ₹5,200 crore in H1 FY26. Residential collections rose to ₹1,152 crore from ₹1,086 crore a year earlier.

As of 30 September 2026, the company’s net debt-to-equity ratio stood at minus 0.28, reflecting a net cash position.