Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has announced a net consolidated profit after tax of ₹51.26 crore for the quarter ending June 30, 2025.
This marks an increase from the profit after tax of ₹12.74 crore reported in the same quarter of the previous fiscal year, as stated in a filing with the BSE. The company’s net consolidated total income for Q1 FY26 was ₹40.61 crore, reflecting a significant decline of 80.25 percent from ₹206.70 crore recorded in the corresponding quarter of the previous year.
Amit Kumar Sinha, the managing director and CEO of the company, remarked, “We commenced the year positively with a successful Rights issue in Q1, which has further strengthened our balance sheet. We are maintaining business development momentum with gross development value (GDV) additions of ₹3,500 crore. Although our residential sales have decreased as we await certain approvals, we have multiple launches scheduled for the upcoming quarters.
Our IC&IC business is performing exceptionally well, demonstrating robust leasing activity in Jaipur and Chennai.” In the quarter ending June 30, 2025, the company successfully executed a rights issue of 5,81,53,156 equity shares with a face value of ₹10 each, priced at ₹257 per share, totaling ₹1,49,454 lakhs. The proceeds are being allocated towards repaying debt incurred for land acquisitions and for working capital purposes.
As of June 30, 2025, the company’s net worth was reported at ₹3,432.83 crore, with a debt-equity ratio of 0.19, a current liability ratio of 0.94, total debts to total assets ratio of 0.09, an operating margin of -172.10%, and a net profit margin of 160.34%. The consolidated sales reached ₹569 crore, with GDV additions in Q1 FY26 amounting to ₹3,500 crore compared to ₹1,400 crore in Q1 FY25. The company recorded residential pre-sales of ₹449 crore in Q1 FY26, down from ₹1,019 crore in Q1 FY25.
