Mahindra Lifespaces H1 FY27 sales rise 48% as residential pre-sales grow 66%
Mahindra Lifespace Developers reported H1 FY27 consolidated sales of ₹2,101 crore, up 48% year on year, with residential pre-sales climbing 66% to ₹1,988 crore.
- ₹2,101 crore
- ₹1,988 crore
- ₹7,100 crore
- ₹102 crore
What Happened
Mahindra Lifespace Developers Ltd (MLDL), the real estate and infrastructure development business of the Mahindra Group, announced its financial results for the quarter ended 30 September 2026, recognising revenue under INDAS 115 on the completion-of-contract method. For H1 FY27, consolidated sales across residential and the IC&IC business reached ₹2,101 crore, 48% higher year on year. Residential pre-sales came in at ₹1,988 crore, up 66%, on saleable area of 1.29 msft (RERA carpet area of 0.85 msft). Consolidated profit after tax, after non-controlling interest, was ₹102 crore against ₹99 crore in H1 FY26.
- ₹7,100 crore vs ₹5,200 crore
- ₹102 crore vs ₹99 crore
- ₹113 crore vs ₹219 crore
₹1,988 crore
66% year-on-year growth, on saleable area of 1.29 msft and RERA carpet area of 0.85 msft
In Q2 FY27 alone, consolidated sales were ₹1,126 crore, 32% higher year on year, with gross development value additions of ₹1,500 crore. Residential pre-sales reached ₹1,063 crore, up 41%, on saleable area of 0.69 msft and RERA carpet area of 0.46 msft. Revenue from the IC&IC business fell to ₹63 crore from ₹99 crore a year earlier, with total leased area of 36.9 acres in the quarter. Consolidated PAT for the quarter was ₹16 crore, down from ₹48 crore in Q2 FY26.
- Residential collections of ₹1,152 crore, versus ₹1,086 crore in H1 FY26
- Net debt to equity ratio of -0.28, a cash surplus position, as of 30 September 2026
- Total leased area of 38.9 acres in the IC&IC business in H1 FY27
- Successful launches of Rainforest, BeaconHill and Citadel Ph 3 during H1
- The IC&IC business has a strong pipeline expected to close in H2 FY27
“We have had a great H1 to FY 27 with ~66% growth in pre-sales. We also had successful launches in Rainforest, BeaconHill and Citadel Ph 3 during H1. BD continues to be robust with 7.1K Cr of GDV additions. Our IC&IC business has strong pipeline, expected to close in H2 FY27. Strong PAT delivery for H1 and our balance sheet continues to remain healthy.”
Previously from Mahindra & Mahindra
Mahindra Lifespaces has been adding to its development pipeline in the weeks before these results. On 7 October 2026 it launched Mahindra Rivenza, a 13.46-acre residential development in Baner Annex, Pune, with a gross development value of roughly ₹3,500 crore and 1,236 homes in its first phase. Our earlier coverage also noted that the company had added three Mumbai housing societies — two in Borivali and one in Chembur — with a combined potential GDV of ₹1,500 crore.
- Mahindra Lifespaces launches Mahindra Rivenza in Baner Annex, Pune, with ₹3,500 crore development value
- Mahindra Lifespaces adds three Mumbai societies with ₹1,500 crore potential GDV
Background drawn from MotorClaw's earlier coverage of Mahindra & Mahindra's official releases.
Why this matters
The results give a read on demand for homes from one of the Mahindra Group's property arms, and on how much new development value the company is adding to its pipeline. Buyers and investors can see both the sales pace and the profit picture: H1 profit edged up to ₹102 crore, but Q2 profit fell to ₹16 crore from ₹48 crore a year earlier.
Terms in This Story
- Gross development value
- The estimated total sales value a developer expects a project or land parcel to generate once it is built and sold.
- Pre-sales
- The value of homes booked with buyers ahead of completion, which is not yet booked as revenue in the accounts.
- INDAS 115
- An Indian accounting standard governing how and when a company recognises revenue from contracts with customers.
- IC&IC
- Integrated cities and industrial clusters, the part of the business that develops and leases land and space for businesses rather than selling homes.
Summarised from the linked release; details can be imperfect — always verify against the original source.