Mahindra Lifespace Developers Ltd Share Price – NSE  / BSE

Construction, Small Cap

The project spans approximately 1.53 acres, with a gross development value of around Rs 1,010 crore.

Located in Matunga, the site benefits from seamless connectivity to key social and business hubs. The micro market is a well-established residential catchment with proximity to Shivaji Park, leading educational institutions, healthcare facilities, retail destinations, robust transport networks and nearby metro links.

Vimalendra Singh, chief business officer- Residential, Mahindra Lifespace Developers, said: ?This mandate is a strong endorsement of the trust communities place in Mahindra Lifespaces to deliver redevelopment that genuinely uplifts neighbourhoods.

Matunga is a well established and highly valued neighbourhood, and this redevelopment allows us to contribute thoughtfully to its next chapter with homes designed for modern lifestyles.

Mahindra Lifespaces Developers, the real estate arm of the Mahindra Group, has a development footprint of 53.30 million square feet across seven cities and over 5,000 acres of industrial clusters. Its portfolio includes premium residences, affordable homes under the Happinest brand, and integrated cities under Mahindra World City and Origins.

The company reported consolidated net profit of Rs 47.91 crore in Q2 FY26, compared with net loss of Rs 14.01 crore in corresponding quarter last year. Revenue from operations soared 130.74% to Rs 17.56 crore during the quarter ended 30th September 2025.

The scrip shed 0.31% to currently trade at Rs 418 on the BSE.

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Mahindra Lifespace Developers (MLDL) has been selected as the preferred development partner for a major residential redevelopment project in Matunga, Mumbai. The project spans approximately 1.53 acres, with a gross development value of around Rs 1,010 crore.

Commenting on the new mandate, Vimalendra Singh, Chief Business Officer ? Residential, Mahindra Lifespace Developers Ltd., said: ?This mandate is a strong endorsement of the trust communities place in Mahindra Lifespaces to deliver redevelopment that genuinely uplifts neighbourhoods. Matunga is a well established and highly valued neighbourhood, and this redevelopment allows us to contribute thoughtfully to its next chapter with homes designed for modern lifestyles. We look forward to setting a new benchmark for community-centric redevelopment in Mumbai.

With this addition, Mahindra Lifespaces continues to strengthen its presence in Mumbai's redevelopment landscape, further expanding its footprint in established city micro-markets.

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Mahindra Lifespace Developers (MLDL), subsidiary of the Mahindra & Mahindra has executed a Share Purchase Agreement (SPA) with Actis Mahi Holdings (Singapore) (AMHSPL) and Mahindra Homes (MHPL), and completed the acquisition of the entire stake held by AMHSPL in MHPL.

Upon completion of this transaction by MLDL, MHPL would become a wholly owned subsidiary of MLDL and in turn a step-down subsidiary of Mahindra & Mahindra.

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Revenue from operations soared 130.74% to Rs 17.56 crore during the quarter ended 30th September 2025.

Profit before tax stood at Rs 50.74 crore in the second quarter of FY26, compared with a loss of Rs 13.99 crore in the corresponding quarter of FY25.

Total expenses rallied 18.18% YoY to Rs 78.39 crore in Q2 FY25.

The company maintained a strong balance sheet and healthy collections. The net debt-to-equity ratio stood at -0.17 (indicating a cash surplus) as of 30 September 2025.

The company achieved consolidated sales (Residential and IC&IC) of Rs 851 crore. Gross development value additions in Q2 FY26 stood at Rs 1,700 crore, compared to Rs 650 crore in Q2 FY25. Residential pre-sales in Q2 FY26 were Rs 752 crore, representing a saleable area of 1.17 msft (RERA carpet area of 0.88 msft), reflecting an 89% year-on-year growth over Q2 FY25.

On a half year basis, the company the company reported consolidated net profit of Rs 99.171. crore in Q2 FY26 as against net loss of Rs 1.27 crore in Q2 FY25.

In H1 FY26, the company reported consolidated sales (Residential and IC&IC) of Rs 1,419 crore. Gross development value additions stood at Rs 5,200 crore, compared to Rs 2,050 crore in H1 FY25, marking a growth of approximately 2.6 times. Residential pre-sales in H1 FY26 amounted to Rs 1,200 crore, representing a saleable area of 1.75 msft (RERA carpet area of 1.31 msft), as against Rs 1,415 crore in H1 FY25. Major project launches are planned for the upcoming quarters.

Residential collections for H1 FY26 were Rs 1,086 crore, compared to Rs 999 crore in H1 FY25.

Amit Kumar Sinha, MD & CEO, Mahindra Lifespace Developers, said, ?We are pleased to announce a strong financial performance for the first half of the fiscal year. Our BD momentum continues with year-to-date GDV additions of Rs 9,500 Cr. The IC&IC business is also seeing healthy traction across Jaipur and Chennai, suggesting growing interest from industrial clients. Strong H1 PAT performance provides a solid foundation for continued growth in FY26.?

Meanwhile, the company announced the resignation of Avinash Bapat as chief financial officer and key managerial personnel, effective from the close of 31 October 2025, due to his transition to a new role within the Mahindra Group. Subsequently, Sriram Kumar has been appointed as chief financial officer and key managerial personnel, effective 1 November 2025.

Mahindra Lifespaces Developers, the real estate arm of the Mahindra Group, has a development footprint of 49.26 million sq. ft. across seven cities and over 5,000 acres of industrial clusters. Its portfolio includes premium residences, affordable homes under the Happinest brand, and integrated cities under Mahindra World City and Origins.

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