Mahindra Lifespace Q1 profit rises 67% as residential pre-sales more than double
Mahindra Lifespace reported Q1 FY27 profit after tax of ₹86 crore, up 67% year-on-year, on consolidated sales of ₹966 crore. Residential pre-sales grew 106% to ₹925 crore, while Mumbai-region GDV additions reached ₹5,600 crore.
What happened
Mahindra Lifespace Developers · Mahindra Lifespace’s Q1 FY27 profit rose 67% to ₹86 crore as sales increased 70% to ₹966 crore. Residential pre-sales more than
Key facts
- Q1 FY27 consolidated profit after tax: ₹86 crore, up 67% year-on-year
- Consolidated sales: ₹966 crore, up 70% year-on-year
- Consolidated revenue: ₹962 crore, versus ₹32 crore a year earlier
- Sequential net profit: ₹85.53 crore, down 5% from ₹90 crore
- Sequential revenue: ₹962.13 crore, up 44% from ₹669 crore
- EBITDA: ₹94.4 crore, versus ₹44.4 crore loss in the preceding quarter
- EBITDA margin: 9.8%
- Residential pre-sales: ₹925 crore, up 106% year-on-year
- Saleable area sold: 0.60 million sq ft
- RERA carpet area sold: 0.39 million sq ft
- GDV additions: ₹5,600 crore, versus ₹3,500 crore a year earlier
- IC&IC revenue: ₹41 crore, versus ₹120 crore a year earlier
- Residential collections: ₹527 crore, versus ₹518 crore a year earlier
- Net debt-to-equity: -0.20 as of June 30, 2026
- Share price: ₹378.60, up 1.19%
Why this matters
The sizeable Mumbai-region GDV additions highlight an active land-and-development pipeline, making Mahindra Lifespace a more consequential partner or competitor in high-value residential markets.
What to watch
- Quarterly pre-sales growth, sales velocity and cancellation rates.
- New-launch pipeline and conversion of ₹5,600 crore Mumbai GDV into signed projects.
- Collections versus bookings, net debt and operating cash flow.
- Construction progress and revenue-recognition growth relative to pre-sales.
- Gross margin trend amid land, financing and construction-cost inflation.
- Mumbai residential absorption, home-loan rates and regulatory approval timelines.
- Accelerate launches in Mumbai and other high-demand micro-markets using newly added GDV.
- Increase construction capacity, contractor commitments and channel-partner activity to convert bookings into delivery milestones.
- Pursue further land/JV/JDA transactions while investor confidence and residential demand remain supportive.
- Use stronger pre-sales visibility to optimise project financing and reduce dependence on expensive debt.