Mahindra Lifespace Developers Limited — PPTs, 02-02-2026: Investor Presentation

Mahindra Lifespace Developers (MLDL) reported a strong 9M FY26 performance. Consolidated Residential & IC&IC sales reached ₹2,125 Cr (up from ₹1,958 Cr YoY), with PAT surging to ₹208 Cr from a ₹24 Cr loss. Residential pre-sales for 9M FY26 stood at ₹1,773 Cr, with collections up 8% YoY to ₹1,472 Cr.

The company is executing a strategy to achieve ₹8K-10K Cr sales by FY30, focusing on premium/mid-premium segments in MMR, Pune, and Bengaluru. Recent momentum includes 9M GDV additions of ₹10,560 Cr, boosting total GDV potential to ~₹46,770 Cr. Successful launches like Blossom in Bengaluru and planned Q4 launches for Mahalaxmi and Bhandup highlight this drive.

The Integrated Cities & Industrial Clusters (IC&IC) business also shows strong leasing, with Origins 2A approvals received. MLDL's balance sheet is healthy with net debt-to-equity at -0.12 (vs 0.50 YoY) and cost of debt improving to 6.7%. Management projects significant value unlocking from IC&IC, with expected revenues of ₹5,000-6,000 Cr and PAT of ~₹1,500 Cr (MLDL share).