Mumbai: Mahindra Lifespace Developers Limited reported its financial results for the quarter ended March 31, 2026, registering growth across sales, profit, and cash flows for FY26.
The company reported consolidated sales (residential and IC&IC) of Rs 4,118 crore in FY26. Gross development value (GDV) additions during the year stood at Rs 18,060 crore, including Thane unlocking of Rs 7,500 crore, in addition to Rs 18,100 crore recorded in FY25.
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Residential pre-sales for FY26 stood at Rs 3,405 crore (saleable area of 3.53 msft, RERA carpet area of 2.58 msft), compared to Rs 2,804 crore in FY25. Consolidated IC&IC revenues were Rs 713 crore in FY26, up from Rs 495 crore in FY25, with a total leased area of 138.4 acres.
The consolidated profit after tax (PAT), after non-controlling interest, stood at Rs 298 crore in FY26, compared to Rs 61 crore in the previous year. Operating cash flow was reported at Rs 840 crore, as against Rs 832 crore in FY25.
The company reported a net debt-to-equity ratio of -0.27, indicating a cash surplus position as of March 31, 2026. Residential collections for FY26 were Rs 2,107 crore, compared to Rs 1,831 crore in FY25.
The Board has proposed a final dividend of Rs 3.5 per equity share for FY26, representing a 25% increase over FY25.
For the fourth quarter (Q4 FY26), consolidated sales stood at Rs 1,993 crore. Residential pre-sales were Rs 1,633 crore (saleable area of 1.18 msft, RERA carpet area of 0.82 msft), compared to Rs 1,055 crore in the corresponding period.
Consolidated IC&IC revenues in Q4 FY26 were Rs 360 crore, up from Rs 211 crore in Q4 FY25, with a total leased area of 86 acres. The consolidated PAT for the quarter stood at Rs 90 crore, compared to Rs 85 crore in Q4 FY25, while operating cash flow was Rs 282 crore versus Rs 232 crore in the same period.
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Commenting on the performance, Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Ltd., said, “We had a great FY26, with 25% sales growth across our Resi and IC&IC businesses, GDV additions of 18K Cr, significant growth in PAT and healthy operating cash flows. Resi business continued to demonstrate strong momentum with successful launches like Blossom, Marina64, NewHaven and receipt of all planned OCs. On the IC&IC side, we had strong leasing activity and higher realization in Jaipur and Chennai. We also concluded our strategic partnership with Mitsui Fudosan in March 26.”
