Mahindra Lifespace Developers Limited — quarter and year ended 31 March 2026 (published 28 April 2026)
| Particulars | Quarter Ended | Year ended | |||
|---|---|---|---|---|---|
| 31.03.2026 Unaudited (Refer Note 2) | 31.12.2025 Unaudited | 31.03.2025 Unaudited (Refer Note 2) | 31.03.2026 Audited | 31.03.2025 Audited | |
| 1 Revenue from operations | 66,962 | 45,916 | 924 | 1,17,831 | 37,227 |
| 2 Other income (Refer note 8) | 5,359 | 992 | 4,620 | 8,765 | 9,160 |
| 3 Total income (1+2) | 72,321 | 46,908 | 5,544 | 1,26,596 | 46,387 |
| 4 Expenses: a) Cost of sales – Construction expenses incurred | 67,276 | 84,089 | 59,392 | 2,19,482 | 1,36,505 |
| 4 Expenses: a) Cost of sales – Changes in inventories of work-in-progress and finished goods | (6,703) | (48,236) | (59,527) | (1,18,792) | (1,06,544) |
| 4 Expenses: a) Cost of sales – Operating expenses | 2,247 | 1,258 | – | 3,593 | 1,677 |
| 4 Expenses: b) Employee benefits expense | 3,697 | 3,200 | 2,624 | 12,726 | 11,163 |
| 4 Expenses: c) Finance cost | 334 | 177 | 212 | 1,091 | 1,938 |
| 4 Expenses: d) Depreciation and amortisation expense | 560 | 567 | 550 | 2,387 | 1,781 |
| 4 Expenses: e) Other expenses | 4,834 | 2,626 | 3,953 | 12,981 | 11,413 |
| Total expenses | 72,245 | 43,681 | 7,204 | 1,33,468 | 57,933 |
| 5 Profit/ (loss) before exceptional items, share of profit / (loss) of associates, joint ventures and tax (3-4) | 76 | 3,227 | (1,660) | (6,872) | (11,546) |
| 6 Exceptional items (Refer Note 6 and 7) | – | 2,583 | – | 2,583 | – |
| 7 Profit/(loss) before share of profit / (loss) of associates, joint ventures and tax (5+6) | 76 | 5,810 | (1,660) | (4,289) | (11,546) |
| 8 Share of profit of joint ventures and associates (Refer Note 11 and 12) | 8,348 | 7,134 | 10,316 | 34,891 | 18,596 |
| 9 Profit before tax (7+8) | 8,424 | 12,944 | 8,656 | 30,602 | 7,050 |
| 10 Tax expense/(credit): a) Current tax | (646) | 392 | 61 | 1,338 | 252 |
| 10 Tax expense/(credit): b) Deferred tax | 58 | 1,664 | 86 | (553) | 663 |
| 11 Profit after tax (9-10) | 9,012 | 10,888 | 8,509 | 29,817 | 6,135 |
| 12 Other comprehensive Income/ (loss) Items that will not be reclassified to profit or loss – Remeasurements of the defined benefit liabilities (net of taxes) | (79) | – | (41) | (79) | (41) |
| 13 Total comprehensive income / (loss) (11+12) | 8,933 | 10,888 | 8,468 | 29,738 | 6,094 |
| 14 Of the total comprehensive income / (loss) above, Profit for the period attributable to: Owners of the parent | 9,011 | 10,888 | 8,508 | 29,813 | 6,129 |
| 14 Of the total comprehensive income / (loss) above, Profit for the period attributable to: Non controlling interest | 1 | – | 1 | 4 | 6 |
| 15 Of the total comprehensive income / (loss) above, Other comprehensive income / (loss) attributable to: Owners of the parent | (79) | – | (41) | (79) | (41) |
| 15 Of the total comprehensive income / (loss) above, Other comprehensive income / (loss) attributable to: Non controlling interest | – | – | – | – | – |
| 16 Paid-up equity share capital (Face value of Rs. 10/- each) (Refer note 5 and 9) | 21,334 | 21,331 | 15,509 | 21,334 | 15,509 |
| 17 Other equity as at balance sheet date | – | – | – | 3,41,353 | 1,74,102 |
| 18 Earning per share (Face value of Rs. 10/- each) (Rs.)* a) Basic | 4.42 | 5.43 | 5.04 | 14.64 | 3.63 |
| 18 Earning per share (Face value of Rs. 10/- each) (Rs.)* b) Diluted | 4.41 | 5.42 | 5.04 | 14.61 | 3.63 |
| Description | As at 31.03.2026 Audited | As at 31.03.2025 Audited |
|---|---|---|
| A ASSETS | ||
| 1 Non-current assets | ||
| Property, plant and equipment | 1,036 | 1,792 |
| Right of use assets | 1,612 | 730 |
| Capital work-in-progress | 1,011 | 479 |
| Other intangible assets | 90 | 49 |
| Investments accounted for using the equity method | 89,064 | 62,596 |
| Financial assets – Investments | 29,029 | 21,824 |
| Financial assets – Loans | 5,087 | 4,084 |
| Financial assets – Other financial assets | 16,938 | 14,843 |
| Deferred tax assets (net) | 11,360 | 9,935 |
| Income tax assets (net) | 11,988 | 8,921 |
| Total non current assets | 1,67,215 | 1,25,253 |
| 2 Current assets | ||
| Inventories | 5,17,536 | 4,46,209 |
| Financial assets – Investments | 8,807 | 5,988 |
| Financial assets – Trade receivables | 22,811 | 13,874 |
| Financial assets – Cash and cash equivalents | 7,934 | 23,785 |
| Financial assets – Bank balances other than cash and cash equivalents | 45,528 | 1,836 |
| Financial assets – Other financial assets | 3,036 | 1,723 |
| Other current assets | 56,616 | 23,409 |
| Total current assets | 6,62,268 | 5,16,824 |
| Total assets (1+2) | 8,29,483 | 6,42,077 |
| B EQUITY AND LIABILITIES | ||
| 1 Equity | ||
| Equity share capital | 21,334 | 15,509 |
| Other equity | 3,41,353 | 1,74,102 |
| Equity attributable to owners of the Company | 3,62,687 | 1,89,611 |
| Non controlling interest | 11 | 17 |
| 3,62,698 | 1,89,628 | |
| 2 Liabilities | ||
| Non-current liabilities | ||
| Financial Liabilities – Borrowings | – | 91,766 |
| Financial Liabilities – Lease liabilities | 597 | 556 |
| Financial Liabilities – Other financial liabilities | 180 | 180 |
| Provisions | 1,608 | 888 |
| Total non current liabilities | 2,385 | 93,390 |
| 3 Current liabilities | ||
| Financial liabilities – Borrowings | 64,525 | 51,408 |
| Financial liabilities – Lease liabilities | 1,107 | 216 |
| Trade payables – (a) Total outstanding dues of micro and small enterprises | 2,592 | 3,260 |
| Trade payables – (b) Total outstanding dues of creditors other than micro and small enterprises | 45,804 | 20,059 |
| Financial liabilities – Other financial liabilities | 9,272 | 25,560 |
| Other current liabilities | 3,39,246 | 2,57,769 |
| Provisions | 1,788 | 686 |
| Current tax liabilities (Net) | 66 | 101 |
| Total current liabilities | 4,64,400 | 3,59,059 |
| Total equity and liabilities (1+2+3) | 8,29,483 | 6,42,077 |
| Particulars | Year ended 31.03.2026 Audited | Year ended 31.03.2025 Audited |
|---|---|---|
| A. Cash flows from operating activities | ||
| Profit before tax | 30,602 | 7,050 |
| Adjustments for : Share of profit of joint venture and associates | (34,891) | (18,596) |
| Adjustments for : Exceptional items | (2,583) | – |
| Adjustments for : Finance costs | 1,091 | 1,938 |
| Adjustments for : Interest Income | (4,147) | (2,494) |
| Adjustments for : Loss on disposal of property plant & equipment | 26 | 8 |
| Adjustments for : Sundry balances written off | – | 18 |
| Adjustments for : Gain on disposal of investment property | – | (3,580) |
| Adjustments for : Depreciation and amortisation expenses | 2,387 | 1,781 |
| Adjustments for : Provision for doubtful debts | – | 30 |
| Adjustments for : Provision for inventory (NRV) | 383 | 381 |
| Adjustments for : Profit on sale of current investments | (387) | (784) |
| Adjustments for : Gain on sale of undertaking | (4,197) | – |
| Adjustments for : Net (gain)/loss arising on financial assets measured at fair value through profit and loss | 121 | (1,881) |
| Adjustments for : Net gain arising on Investments measured at fair value through profit and loss | (4) | (72) |
| Adjustments for : Expense recognised in respect of equity-settled share-based payments | 762 | 347 |
| Operating loss before working capital changes | (10,837) | (15,854) |
| Changes in : Increase in trade and other receivables | (42,829) | (22,525) |
| Changes in : Increase in inventories | (43,258) | (1,00,233) |
| Changes in : Increase in trade payables and other liabilities | 46,621 | 88,011 |
| Cash (used in) operations | (50,303) | (50,601) |
| Income taxes paid (net of refunds & interest thereon) | (4,190) | (3,608) |
| Net cash used in operating activities | (54,493) | (54,209) |
| B. Cash flows from investing activities | ||
| Bank deposits (net) | (25,762) | (227) |
| Net changes in earmarked balances and margin accounts with banks | (2,267) | (121) |
| Interest received | 4,079 | 758 |
| Dividend received from joint ventures | 10,077 | 18,171 |
| Inter-corporate deposit given to joint ventures and associates | (6,815) | (1,554) |
| Inter-corporate deposit refunded from joint ventures and associates | 1,300 | 1,210 |
| Payment to acquire property, plant and equipment and other intangible assets | (1,814) | (1,454) |
| Proceeds from disposal of property, plant and equipment and other intangible assets | 15 | 50 |
| Proceeds from disposal of investment property | – | 6,127 |
| (Payment to acquire)/proceed from current investment (net) | (2,026) | 3,496 |
| Investments in Associates and Joint Ventures | (29,385) | (5,157) |
| Proceeds from non current investment in joint ventures | 12,147 | 5,971 |
| Proceeds from disposal of business undertaking, net of cash transferred* | 53,558 | – |
| Purchase consideration paid for acquisition of subsidiary, net of cash acquired** | (27,595) | – |
| Net cash (used in) / generated from investing activities | (14,488) | 27,270 |
| C. Cash flows from financing activities | ||
| Proceeds from issue of equity shares of the Company (including share application money) (net of share issue expense) | 1,48,553 | 6 |
| Proceeds from borrowings | 2,86,783 | 2,11,907 |
| Repayment of borrowings | (3,68,683) | (1,56,073) |
| Dividend paid | (5,973) | (4,115) |
| Payment of lease liabilities | (1,145) | (214) |
| Interest paid | (6,405) | (9,893) |
| Net cash generated from financing activities | 53,130 | 41,618 |
| Net (decrease) / increase in cash and cash equivalents | (15,851) | 14,679 |
| Cash and cash equivalents at the beginning of the year | 23,785 | 9,106 |
| Cash and cash equivalents at the end of the year | 7,934 | 23,785 |
| S. No | Particulars | 31.03.2026 Unaudited | 31.12.2025 Unaudited | 31.03.2025 Unaudited | 31.03.2026 Audited | 31.03.2025 Audited |
|---|---|---|---|---|---|---|
| 1 | Debt-Equity Ratio (times) (Long term borrowings + Short term borrowings) / (Total Equity) | 0.18 | 0.19 | 0.76 | 0.18 | 0.76 |
| 2 | Debt Service Coverage Ratio (times) (not annualised) (Profit / (loss) before interest, depreciation, amortisation, impairments, tax and exceptional items and share of profit / (loss) of associates and joint ventures, other income) / (Gross interest for the period + Principal repayment of borrowing within a year) | 0.01 | 0.06 | (0.02) | (0.05) | (0.13) |
| 3 | Interest Service Coverage Ratio (times) (not annualised) (Profit / (loss) before interest, depreciation, amortisation, impairments, tax and exceptional items) / (Gross interest expense for the period) | 0.68 | 3.22 | (0.28) | (0.49) | (0.74) |
| 4 | Debenture Redemption Reserve (Rs. lakhs) | – | – | – | – | – |
| 5 | Capital Redemption Reserve (Rs. lakhs) | – | – | – | – | – |
| 6 | Net Worth (Rs. lakhs) (Equity Share capital + Other equity) | 3,62,687 | 3,53,470 | 1,89,611 | 3,62,687 | 1,89,611 |
| 7 | Current Ratio (times) (Current assets) / (Current liabilities) | 1.43 | 1.46 | 1.44 | 1.43 | 1.44 |
| 8 | Long Term Debt to Working Capital (times) (Long term borrowings + Current maturities of long term borrowings) / (Current assets – Current liabilities (excluding current maturities of long term borrowings)) | – | – | 0.58 | – | 0.58 |
| 9 | Bad Debts to Accounts Receivables Ratio (%) (not annualised) (Bad debts + Provision for doubtful debts for the period) / (Average trade receivables for the period) | – | – | 0.68% | – | 0.73% |
| 10 | Current Liability Ratio (times) (Current liabilities) / (Total liabilities) | 0.99 | 0.99 | 0.79 | 0.99 | 0.79 |
| 11 | Total Debts to Total Assets (times) (Long term borrowings + Short term borrowings) / (Total Assets) | 0.08 | 0.08 | 0.22 | 0.08 | 0.22 |
| 12 | Debtors Turnover (times) (not annualised) (Revenue from operations) / (Average trade receivable for the period) | 3.00 | 2.87 | 0.07 |