Mahindra Lifespace posts strong H1 FY26 results, announces KMP changes

Mahindra Lifespace Developers Limited reported a consolidated Profit After Tax (PAT) of INR 99 crore for H1 FY26, a significant turnaround from a loss of INR 1 crore in H1 FY25. Consolidated sales for the period reached INR 1419 crore, with gross development value additions of INR 5,200 crore. The board of directors approved the unaudited standalone and consolidated financial results for the second quarter and half-year ended September 30, 2025.

In key management changes, Avinash Bapat resigned as chief financial officer (CFO) effective October 31, 2025, to assume a new role within the Mahindra Group. Sriram Kumar, previously vice president of FP&A, costing, and investor relations, has been appointed as the new CFO, effective November 1, 2025. Additionally, Bijal Parmar has been appointed as the company secretary and compliance officer, effective October 31, 2025.

The company also announced the allotment of 36,055 new fully paid-up equity shares of Rs. 10/- each to eligible employees under the ESOS-2012 Scheme.