• Industry
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Mahindra Lifespace Developers’ net profit declines 66% to ₹16.34 crore in Q2 FY27

Mahindra Lifespace Developers reported a significant decline of 65.9 percent in net consolidated profit for the second quarter. However, total income surged to ₹104.02 crore, with residential pre-sales booming by 41 percent. The first half of FY27 saw total income soar to ₹1,081.56 crore compared to ₹73.67 crore the previous year.

The company’s net consolidated total income increased to ₹104.02 crore in Q2 FY27 from ₹33.06 crore in Q2 FY26.

Consolidated sales from its residential and integrated cities and industrial clusters businesses increased 32 per cent year-on-year to ₹1,126 crore during the quarter.

Residential pre-sales rose 41 per cent to ₹1,063 crore. The company sold 0.69 million sq. ft. of saleable area, equivalent to 0.46 million sq. ft. of RERA carpet area.

Mahindra Lifespaces added projects with an estimated gross development value of ₹1,500 crore during Q2 FY27.

For the first half of FY27, the company’s consolidated total income stood at ₹1,081.56 crore as against ₹73.67 crore in H1 FY26.

Net consolidated profit after tax increased 2.7 per cent to ₹101.89 crore in H1 FY27 from ₹99.17 crore in the corresponding period of the previous fiscal.

Consolidated sales for H1 FY27 increased 48 per cent year-on-year to ₹2,101 crore.

Residential pre-sales rose 66 per cent to ₹1,988 crore during the first half. Sales volume stood at 1.29 million sq. ft. of saleable area, equivalent to 0.85 million sq. ft. of RERA carpet area.

The company added projects with an estimated gross development value of ₹7,100 crore during H1 FY27, compared with ₹5,200 crore in the corresponding period of the previous fiscal.

Residential collections increased to ₹1,152 crore in H1 FY27 from ₹1,086 crore in H1 FY26.

As of September 30, 2026, the company’s net debt-to-equity ratio stood at minus 0.28, reflecting a net cash position.