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Mahindra Lifespace Developers (MLDL) reported a Q1 FY2026 net profit of INR 51.26 crore, up from INR 12.74 crore year-on-year, despite a sharp 80% drop in total income to INR 40.61 crore. The company raised INR 1,494.54 crore via a successful rights issue to support debt repayment, land acquisition, and working capital. Gross development value additions surged to INR 3,500 crore, up from INR 1,400 crore. Residential pre-sales dropped to INR 449 crore due to pending approvals, with new launches expected soon. MLDL maintained a low debt-equity ratio of 0.19 and saw active leasing in its industrial segments in Jaipur and Chennai.
Mahindra Lifespace Developers (MLDL) has announced its financial results for the first quarter of fiscal year 2026, reporting a net consolidated profit after tax of INR 51.26 crore. This marks a notable increase compared to the INR 12.74 crore profit recorded in the same quarter of the previous fiscal year. Advertisement
However, the company's net consolidated total income for the first quarter of the current fiscal year was INR 40.61 crore. This represents an 80.25 percent decrease from INR 206.70 crore in the corresponding quarter last year.
Amit Kumar Sinha, managing director and CEO of MLDL, stated that the company started the year well with a successful rights issue in the first quarter, which has improved its balance sheet. The company also continued its business development momentum with gross development value (GDV) additions of INR 3,500 crore. This is a substantial rise from INR 1,400 crore in the first quarter of the previous fiscal year.
Residential pre-sales for the quarter stood at INR 449 crore. This was lower than the INR 1,019 crore recorded in the same period a year ago, as the company awaits certain approvals. However, several launches are planned for subsequent quarters. In its Industrial & Commercial (IC&IC) business, MLDL observed healthy leasing activity in Jaipur and Chennai.
During the quarter, MLDL successfully completed a rights issue, which involved over 58 million equity shares at INR 257 per share, raising INR 1,494.54 crore. These funds are being used for debt repayment, land parcel acquisition, and working capital needs.
As of June 30, 2025, the company's net worth was INR 3,432.83 crore, with a low debt-equity ratio of 0.19. Its current liability ratio stood at 0.94, total debts to total assets at 0.09, an operating margin of -172.10 percent, and a net profit margin of 160.34 percent.
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