Mahindra Lifespace Developers (532313) Q1 26/27 earnings summary

Executive summary

• Residential pre-sales reached INR 925 crore, reflecting strong momentum despite a slow start due to geopolitical tensions and a rebound in May and June.

• Achieved consolidated Q1 FY27 sales of ₹966 Cr, marking a 70% year-over-year growth, with residential pre-sales at ₹925 Cr and strong IC & IC business momentum.

• Net profit after tax reached ₹86 Cr, up 67% year-over-year, supported by robust collections and a healthy balance sheet.

• Strategic focus on premium/mid-premium segments in core markets (MMR, Pune, Bengaluru) and exit from affordable segment.

• Unaudited standalone and consolidated financial results for the quarter ended 30 June 2026 were approved and subjected to limited review by statutory auditors.

Financial highlights

• Residential sales grew 106% year-over-year to INR 925 crore; residential collections at INR 527 crore.

• PAT for the quarter was INR 86 crore, up 67% from INR 51 crore last year; FY26 PAT was INR 298 crore.

• Revenue from operations in Q1 was INR 962 crore, mainly from Eden phase II and Luminare.

• Consolidated total income for Q1 FY27 was Rs 97,754 lakhs, up significantly from Rs 4,061 lakhs in Q1 FY26.

• Operating cash flow stood at INR 134 crore, with company-wide cash at nearly INR 1,100 crore.

Outlook and guidance

• Targeting INR 4,500–5,000 crore in residential pre-sales for FY27, with sufficient inventory to meet goals.

• Planned launches for FY27 include Mahalunge, Lakewoods F & G, Saibaba, Navrat, and WestEra, with a strong pipeline into Q2.

• Targeting 8K–10K Cr annual sales and GDV addition of ₹50K Cr, with a focus on scaling business 5X by FY30.

• The company continues to monitor regulatory developments, especially regarding new Labour Codes, and will assess accounting implications as guidance emerges.