Mahindra Lifespace Developers Ltd, the property development arm of the diversified Mahindra Group, has reported a strong turnaround in its financial performance for the second quarter of the current fiscal year, posting a consolidated net profit of ₹47.91 crore. This marks a significant recovery compared to the net loss of ₹14.01 crore recorded in the corresponding quarter of the previous fiscal.
According to the company’s regulatory filing, the total income during the July–September quarter of FY2025–26 stood at ₹33.06 crore, more than doubling from ₹15.96 crore in the same period last year. The sharp improvement in profitability was attributed to a better revenue mix, steady construction progress across residential projects, and stable demand momentum in key urban markets.
Mahindra Lifespace Developers’ development footprint spans 53.30 million sq. ft. of completed, ongoing, and forthcoming residential projects across seven Indian cities. The company has also been expanding its presence in the integrated cities and industrial clusters segment, with over 5,000 acres of ongoing and forthcoming projects under development or management across four strategic locations in India.
As of the end of the September quarter, Mahindra Lifespace continued to strengthen its project pipeline with a focus on sustainable and customer-centric developments. The company has also been advancing its “Mahindra Happinest” affordable housing brand and “Mahindra World City” integrated township projects in Chennai and Jaipur, aligning with the group’s long-term vision of responsible urbanization.
The company also has over 5,000 acres of ongoing and planned projects under development and management at its integrated business cities and industrial clusters located in Chennai, Jaipur, and Pune. These include the flagship Mahindra World City projects and the Origins by Mahindra industrial ecosystems, which cater to both domestic and global enterprises.
Industry analysts noted that Mahindra Lifespace’s return to profitability is aligned with the broader uptrend in India’s residential real estate market. Demand for mid-segment and premium housing continues to rise in key metros, driven by steady home loan rates, growing disposable income, and a renewed preference for owned housing.
The company’s focus on sustainable development, customer-centric delivery, and expansion into high-demand micro-markets has strengthened its positioning. In recent quarters, Mahindra Lifespace has announced strategic land acquisitions in Bengaluru and Pune, aimed at expanding its premium residential portfolio.
Mahindra Lifespaces’ financial performance this quarter reflects its operational discipline and brand strength. With a strong project pipeline and consistent focus on sustainable and smart developments, the company is well positioned for long-term growth.
The company serves as the real estate and infrastructure development arm of the large business conglomerate Mahindra Group.
Image source- mahindralifespaces.com
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