Mahindra Lifespace Developers has announced a net consolidated profit of ₹47.91 crore for the quarter ending September 30, 2025. In the same quarter of the previous fiscal year, the company reported a loss after tax of ₹14.01 crore, as stated in a filing with the BSE.
The company’s net consolidated total income for Q2 FY26 was ₹33.06 crore, reflecting a remarkable growth of 107.14 percent compared to ₹15.96 crore recorded in the corresponding quarter of the previous year. Amit Kumar Sinha, the managing director and CEO of the company, remarked, “Our business development momentum remains strong, with year-to-date gross development value (GDV) additions amounting to ₹9,500 crore.
The IC&IC business is also experiencing robust traction in Jaipur and Chennai, indicating increasing interest from industrial clients.” As of September 30, 2025, the company’s net worth was ₹3,423.29 crore, with a debt-equity ratio of 0.09, a current liability ratio of 0.99, total debts to total assets ratio of 0.04, an operating margin of (298.80%), and a net profit margin of 272.84%.
The board of directors acknowledged the resignation of Avinash Bapat from his position as chief financial officer (CFO) and key managerial personnel (KMP) effective October 31, 2025, due to his transition to a new role within the Mahindra Group. Sriram Kumar has been appointed as the new CFO and KMP, effective November 1, 2025.
During the quarter in question, the company’s consolidated sales reached ₹851 crore, with gross development value additions in Q2 FY26 amounting to ₹1,700 crore, compared to ₹650 crore in Q2 FY25.
