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Mahindra Lifespace Developers Ltd. (MLDL) reported a consolidated net profit of INR 47.91 crore for the second quarter of FY26, reversing a loss of INR 14.01 crore in the same period last year. The company�s total income rose to INR 33.06 crore, up 107% year-on-year, driven by steady execution and improved sales. Gross development value (GDV) additions for the quarter stood at INR 1,700 crore, compared to INR 650 crore in the same quarter last year. The company also announced a CFO transition, with a new appointment effective this month.
Mahindra Lifespace Developers Ltd. (MLDL) reported a consolidated net profit of INR 47.91 crore for the quarter ended September 2025, marking a turnaround from a loss of INR 14.01 crore in the same period last year. The company's total consolidated income rose sharply to INR 33.06 crore, reflecting a 107% increase from INR 15.96 crore in the corresponding quarter of FY25. Advertisement
During the quarter, consolidated sales stood at INR 851 crore, supported by strong project execution and improved demand in key residential markets. The company's gross development value (GDV) additions reached INR 1,700 crore, a notable rise from INR 650 crore in the same quarter a year ago. This performance reflects the company's steady progress in new project launches and ongoing developments across major cities.
Mahindra Lifespace's net worth stood at INR 3,423.29 crore as of September 2025, supported by a low debt-equity ratio of 0.09, a current liability ratio of 0.99, and total debts to total assets of 0.04. These indicators highlight a healthy balance sheet and financial stability.
The company's management noted that its year-to-date GDV additions reached INR 9,500 crore, showing continued business momentum. The industrial and commercial (IC&IC) segment has maintained steady traction, particularly in markets like Chennai and Jaipur, where demand for industrial spaces continues to grow.
The board of directors approved the resignation of Avinash Bapat as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective October 31, 2025. Sriram Kumar has been appointed as the new CFO and KMP, effective November 1, 2025. The transition is expected to ensure continuity and strengthen the company's financial management and oversight.
In the previous financial year (FY25), Mahindra Lifespace had recorded GDV additions of INR 18,100 crore - nearly four times higher than the prior year indicating a strong pipeline of projects and sustained growth in residential and industrial segments. This momentum has helped the company maintain steady progress in FY26 so far.
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