Mahindra Lifespaces reports strong H1 FY26 with robust sales, improved finances

Mahindra Lifespace Developers Limited reported strong H1 FY26, with residential pre-sales reaching INR 1200 Cr, including Q2 pre-sales of INR 752 Cr. This was boosted by successful launches such as Lakewoods H&I achieving 100% sales during the festive season in October 2025. GDV additions for H1 FY26 stood at INR 5200 Cr, bringing the year-to-date GDV additions to INR 9300 Cr, and total GDV as of September 2025 to approximately INR 46,000 Cr.

The IC&IC business also showed good momentum, with Q2 FY26 revenues of INR 99 Cr. The company highlighted strong leasing activity in Jaipur and Chennai, with 10 MOUs/LOIs signed during Q2 FY26. Financial highlights include a PAT of INR 99 Cr for H1 FY26 (compared to -1 Cr in H1 FY25) and robust residential collections of INR 1086 Cr, marking a 9% growth over H1 FY25. The net debt to equity ratio improved to -0.17 in Q2 FY26 from 0.26 in Q2 FY25, reflecting a healthy balance sheet.