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Mahindra Lifespace Developers (MAHLIFE)₹318.10−0.75%Residential, Commercial Projects
In the Sep 2026 quarter (consolidated), Mahindra Lifespace Developers reported sales of ₹31.97 Cr, up 77.7% from Sep 2025, and net profit of ₹15.98 Cr, down 66.7% year on year. For the year to Mar 2026, sales were ₹1,178 Cr and net profit ₹297 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 81.99 | 13.99 | 188 | 7.99 | 167 | 8.99 | 31.97 | 17.99 | 459 | 670 | 961 | 31.97 |
| Expenses | 121 | 68.01 | 230 | 55.01 | 193 | 64.07 | 86.99 | 69.98 | 429 | 714 | 868 | 87.01 |
| Operating Profit | −38.89 | −53.83 | −41.88 | −47.85 | −24.92 | −54.87 | −54.81 | −51.84 | 29.92 | −43.90 | 93.71 | −54.84 |
| OPM % | −48.0% | −379.0% | −22.0% | −627.0% | −15.0% | −597.0% | −172.0% | −299.0% | 6.0% | −7.0% | 10.0% | −170.0% |
| Other Income | 82.07 | 119 | 55.01 | 45.05 | 28.04 | 149 | 107 | 112 | 107 | 137 | 24.04 | 114 |
| Interest | 0.00 | 3.01 | 6.01 | 7.01 | 4.01 | 2.01 | 4.01 | 2.01 | 2.01 | 3.01 | 2.01 | 5.01 |
| Depreciation | 3.99 | 3.99 | 3.99 | 3.99 | 3.99 | 5.99 | 5.99 | 6.99 | 5.99 | 5.99 | 4.99 | 4.99 |
| Profit before tax | 39.12 | 59.15 | 3.01 | −14.04 | −5.02 | 87.20 | 42.11 | 51.15 | 129 | 84.24 | 111 | 50.12 |
| Tax % | −27.9% | −21.9% | −313.9% | 0.0% | 336.1% | 2.0% | −22.9% | 6.1% | 16.1% | −6.9% | 23.1% | 67.1% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 21.99 | 0.00 | 0.00 | 0.00 |
| Net Profit | 49.89 | 70.91 | 12.97 | −13.97 | −21.97 | 84.77 | 50.88 | 47.92 | 109 | 89.81 | 85.87 | 15.98 |
| EPS (Rs) | 2.34 | 3.35 | 0.59 | −0.65 | −1.04 | 3.98 | 2.39 | 2.24 | 5.09 | 4.21 | 4.00 | 0.76 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 592 | 761 | 566 | 593 | 611 | 166 | 394 | 606 | 212 | 371 | 1,178 | 2,121 |
| Expenses | 509 | 712 | 509 | 567 | 693 | 260 | 481 | 717 | 383 | 543 | 1,301 | 2,099 |
| Operating Profit | 85.77 | 49.87 | 56.87 | 25.92 | −80.75 | −93.70 | −87.67 | −110 | −170 | −170 | −121 | 24.89 |
| OPM % | 14.0% | 7.0% | 10.0% | 4.4% | −13.0% | −56.0% | −22.0% | −18.0% | −81.0% | −46.0% | −10.0% | 1.2% |
| Other Income | 92.12 | 113 | 123 | 134 | −100 | 34.02 | 200 | 239 | 246 | 277 | 462 | 382 |
| Interest | 36.06 | 20.04 | 41.05 | 12.01 | 8.01 | 11.02 | 7.01 | 11.01 | 7.01 | 19.01 | 11.02 | 12.04 |
| Depreciation | 3.99 | 4.99 | 3.99 | 3.99 | 7.99 | 6.99 | 6.99 | 11.99 | 13.99 | 17.97 | 23.98 | 21.96 |
| Profit before tax | 138 | 139 | 135 | 143 | −196 | −78.24 | 99.31 | 106 | 54.14 | 70.16 | 307 | 375 |
| Tax % | 31.1% | 24.1% | 23.1% | 17.1% | −1.0% | −8.0% | −63.0% | 3.0% | −80.9% | 13.1% | 3.0% | — |
| Exceptional items | 0.00 | 0.00 | 2.99 | 0.99 | −131 | 0.00 | 85.90 | 70.89 | 12.99 | 19.99 | 23.99 | 21.99 |
| Net Profit | 94.83 | 106 | 103 | 119 | −195 | −70.84 | 162 | 103 | 97.87 | 60.84 | 297 | 301 |
| EPS (Rs) | 4.33 | 4.82 | 4.76 | 5.64 | −9.11 | −3.37 | 7.25 | 4.76 | 4.60 | 2.86 | 13.92 | 14.06 |
| Dividend payout % | 27.0% | 24.0% | 30.0% | 26.0% | 0.0% | 0.0% | 20.0% | 35.0% | 42.0% | 71.0% | 25.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 41.09 | 41.02 | 41.05 | 51.08 | 51.12 | 51.12 | 51.09 | 155 | 155 | 155 | 155 | 213 |
| Reserves | 1,434 | 1,588 | 1,657 | 2,007 | 1,878 | 1,651 | 1,581 | 1,634 | 1,649 | 1,715 | 1,739 | 3,407 |
| Borrowings | 1,241 | 786 | 654 | 460 | 229 | 238 | 246 | 287 | 269 | 879 | 1,444 | 663 |
| Other Liabilities | 900 | 599 | 538 | 483 | 840 | 606 | 700 | 968 | 1,544 | 2,208 | 3,094 | 4,023 |
| Total Liabilities | 3,617 | 3,014 | 2,888 | 3,000 | 2,999 | 2,546 | 2,578 | 3,043 | 3,617 | 4,956 | 6,432 | 8,307 |
| Fixed Assets | 355 | 77.19 | 100 | 95.35 | 95.33 | 98.24 | 91.35 | 103 | 37.13 | 24.06 | 26.07 | 27.07 |
| CWIP | 8.01 | 1.01 | 7.99 | 9.01 | 9.99 | 11.99 | 14.99 | 3.01 | 4.99 | 5.01 | 4.99 | 9.99 |
| Investments | 221 | 813 | 739 | 923 | 686 | 546 | 556 | 620 | 902 | 911 | 900 | 1,264 |
| Other Assets | 3,034 | 2,123 | 2,041 | 1,972 | 2,208 | 1,889 | 1,916 | 2,316 | 2,674 | 4,016 | 5,501 | 7,005 |
| Inventories | 1,963 | 1,301 | 1,167 | 909 | 1,340 | 1,201 | 1,340 | 1,438 | 2,090 | 3,365 | 4,448 | 5,157 |
| Trade receivables | 47.13 | 63.12 | 76.22 | 145 | 137 | 114 | 56.17 | 92.23 | 129 | 107 | 139 | 229 |
| Cash & equivalents | 77.16 | 128 | 84.07 | 130 | 294 | 132 | 135 | 225 | 77.06 | 107 | 256 | 535 |
| Total Assets | 3,617 | 3,014 | 2,888 | 3,000 | 2,999 | 2,546 | 2,578 | 3,043 | 3,617 | 4,956 | 6,432 | 8,307 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 300 | −174 | 70.01 | 194 | 168 | −62.95 | −68.01 | −51.99 | −148 | −661 | −542 | −545 |
| Cash from investing activity | 42.13 | 106 | 141 | −181 | 289 | 88.31 | 110 | 123 | 26.09 | 215 | 274 | −146 |
| Cash from financing activity | −336 | 139 | −255 | −40.07 | −371 | −67.16 | −20.02 | 12.02 | −27.06 | 490 | 417 | 532 |
| Net cash flow | 5.98 | 71.75 | −43.81 | −24.92 | 84.64 | −41.83 | 22.91 | 82.69 | −149 | 41.84 | 146 | −158 |
| Capex | 49.13 | 4.01 | 12.04 | 5.02 | 6.02 | 4.01 | 4.01 | 13.04 | 14.04 | 16.06 | 15.04 | 18.05 |
| Free cash flow | 250 | −177 | 58.12 | 193 | 164 | −66.11 | −71.17 | −53.05 | −162 | −678 | −557 | −564 |
| CFO / OP % | 101.1% | −145.0% | 172.1% | 369.0% | 753.1% | 61.0% | 59.1% | 39.1% | 124.1% | 384.1% | 298.0% | 415.1% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 15 | 38 | 35 | 93 | 84 | 67 | 123 | 84 | 77 | 183 | 135 | 70 |
| Cash conversion cycle | 15 | 38 | 35 | 93 | 84 | 67 | 123 | 84 | 77 | 183 | 135 | 70 |
| Working capital days | 714 | 696 | 514 | 630 | 547 | 569 | 1,939 | 724 | 394 | 2,238 | 1,237 | 420 |
| ROCE % | 17.0% | 7.0% | 7.0% | 7.0% | 6.0% | −3.0% | −3.0% | 1.0% | 2.0% | 2.0% | 2.0% | 8.0% |
For the Sep 2026 quarter, Mahindra Lifespace Developers reported sales of ₹31.97 Cr, up 77.7% year on year and net profit of ₹15.98 Cr, down 66.7% year on year. The operating margin was −170.0%.
Mahindra Lifespace Developers' sales for the year to Mar 2026 were ₹1,178 Cr; over the last twelve months they were ₹2,121 Cr.
Net profit for the year to Mar 2026 was ₹297 Cr, and ₹301 Cr over the last twelve months. Earnings per share over the same trailing period were ₹14.06.
Mahindra Lifespace Developers reported borrowings of ₹663 Cr at Mar 2026, against cash and equivalents of ₹535 Cr.
Cash from operations was −₹545 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹564 Cr.