Mahindra Lifespace Developers Limited · NSE:MAHLIFE
Mahindra Lifespace Developers — Q1 FY26 Earnings Presentation
43 slides from Mahindra Lifespace Developers's earnings presentation, Jul 25, 2025
Slide 1: Regulation 30 intimation letter to exchanges
July 25, 2025 BSE Limited National Stock Exchange of India Limited Corporate Services, Exchange Plaza, Piroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Mumbai – 400 001 Bandra (East), Mumbai 400051 Re: Security BSE NSE ISIN Equity Shares 532313 MAHLIFE INE813A01018 Sub: Intimation pursu
Slide 2: Investor Presentation Q1FY26
NewHaven, Bengaluru Investor Presentation Q1FY26 RERA Reg No: PRM/KA/RERA/1251/310/PR/16025/007668 Artistic Impression 0
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides ("Presentation") have been prepared by “Mahindra Lifespace Developers Limited” ("Company"), solely for the purpose of information and do not constitute any offer, recommendation or invitation to purchase or subscribe to any securities and shal
Slide 4: MLDL Strategic Update
Marina64, Mumbai MLDL Strategic Update RERA: PR1181012500087 Artistic Impression 2
Slide 5: We are executing on a well-defined strategy
We are executing on a well-defined strategy Bold ambition Drive profitable growth to 8K - 10K Cr sales (GDV addition of Rs 45K Cr) 1 Well-engineered portfolio choices Depth in 3 core markets (MMR, Pune, Bengaluru) Focus on Premium / mid-premium segments 2 Robust BD engine Systematic BD process, supe
Slide 6: Real Estate market update
Real Estate market update Market segmentation (value) • Demand continues to be healthy 6% • Recent RBI repo rate cut provides strong tailwinds 18% • Inventory overhang steady at 14.3 month Pan India • Fewer launches overall, driven by regulatory approvals 49% • Recent launches have been focused on t
Slide 7: GDV additions worth ~Rs 3,500 Cr in Q1 FY26
GDV additions worth ~Rs 3,500 Cr in Q1 FY26 Lokhandwala 2, Mulund, Navrat 2, Mumbai Mumbai Bengaluru Acres 2.22 3.08 8.79 Outright Cluster redevelopment Society redevelopment acquisition (shares) Definitive Apr’25 Jun’25 Jun’25 documents GDV (Rs Cr) 1150 1250 1100 • Premium location in • Well establ
Slide 8: 70-80% of required land secured
70-80% of required land secured Rs Cr 45,000 ~35,000 35,000 GDV Acquired: ~Rs 41,000 Cr 3,900 2,100 Current Inventory Future Phases of Pipeline Projects Total GDV Potential as of 30th Jun 25 (A) Current Projects (B) to be launched (C) (A+B+C) • Marina64 • Citadel Ph 3 (970) Pre FY24 (Rs 550 Cr) Othe
Slide 9: FY26 launch plan
FY26 launch plan Rs Cr Key Launches 2804 New Haven, Bengaluru (Q1) 2328 Citadel (T-L), Pune (Q1) 1055 1812 Marina64, Mumbai (Q2) 1086 361 334 Lakewoods H&I, Chennai (Q2) 450 397 Alembic, Bengaluru (Q3) 1028 443 695 328 Mahalaxmi, Mumbai (Q3) Q4 399 Q3 346 251 455 1019 Bhandup , Mumbai (Q4) Q2 196 30
Slide 10: Recent Launches (1/2)
Recent Launches (1/2) NewHaven (Singasandra, Bengaluru) 8
Slide 11: Recent Launches (2/2)
Recent Launches (2/2) Marina64 (Malad West, Mumbai) Citadel Tower-L (Pimpri, Pune) 9
Slide 12: High visibility in our sales plan
High visibility in our sales plan Rs Cr 9,500 Sustenance 65% 67% 75% 2,804 59% 35% 50% New Launches 35% 33% 65% 50% 41% 25% FY25 FY26 FY27 FY28 FY29 FY30 Major contributors FY25 FY26 FY27 FY28 FY29 FY30 ✓• Ivy Lush ✓• NewHaven • Bhandup Ph 1.2 • Thane Ph1.1 • Bhandup Ph2 • Thane Ph2 ✓• Vista Ph2 ✓•
Slide 13: IC&IC business continues to see good momentum
IC&IC business continues to see good momentum Lease premium Deals (Rs Cr) Existing DTA customer 1 13.6 Existing DTA customer 2 25.3 Rs Cr New DTA customer 1 5.9 590 495 New SEZ customer 1 4.2 470 227 New SEZ customer 2 1.7 389 123 211 Existing Commercial customer 1 24.8 94 85 236 Existing Commercial
Slide 14: We are systematically unlocking value in our IC&IC business
We are systematically unlocking value in our IC&IC business Gross area Net Leasable area Net Leased area Available for lease IC&IC Locations (acres) (acres) (acres) net (acres) (A) (B) (C) (D = B-C) MWC Jaipur 2,946 1,917 1,128 789 MWC Chennai 1,594 1,216 1,120 96 Origins Chennai 1 307 229 161 68 Or
Slide 15: Financial – Highlights
Financial – Highlights Sales Residential IC&IC Revenues GDV Q1 FY26: Rs 449 Cr Q1 FY26: Rs 120 Cr Q1 FY26: Rs 3500 Cr (Q1 FY25: Rs 1019 Cr) (Q1 FY25: Rs 103 Cr) (Q1 FY25: Rs 1400 Cr) Resi Collections Net Debt to Equity1 Cost of Debt Q1 FY26: Rs 518 Cr Q1 FY26: -0.23 Q1 FY26: 8.1% (Q1 FY25: Rs 540 Cr
Slide 16: Financials - Segment performance
Financials - Segment performance Rs Cr Q1 FY26 Q1 FY25 SEGMENT RESULTS Residential IC&IC Total Residential IC&IC Total Area Sold (msft) / Land Leased (acres) 0.58 msft 18.7 acres - 1.17 msft 18.7 acres - Sales / IC&IC revenues 449 120 569 1019 103 1121 Income from Operations 64 120 184 222 103 324 O
Slide 17: Financials - Consolidated Profit & Loss A/C
Financials - Consolidated Profit & Loss A/C Rs Cr PROFIT & LOSS STATEMENT Q1 FY26 Q1 FY25 Q4 FY25 FY25 Income from Operations 32 188 9 372 Other Income 9 19 46 92 Total Revenues 41 207 55 464 Operating Expenses 28 173 (1) 316 Employee Remuneration & Benefits 28 28 26 112 Finance Costs 4 6 2 19 Depre
Slide 18: Financials - Consolidated Balance Sheet
Financials - Consolidated Balance Sheet Rs Cr EQUITY & LIABILITIES 30th Jun 25 31st Mar 25 ASSETS 30th Jun 25 31st Mar 25 Equity Share Capital 213 155 Property, Plant and Equipment 14 18 Other Equity 3,220 1,741 Right of Use Assets 20 7 Net Worth 3,433 1,896 Capital Work-In-Progress 6 5 Non-Controll
Slide 19: MLDL Overview
Vista, Mumbai MLDL Overview RERA Reg No: P51800079147 Artistic Impression 17
Slide 20: The Mahindra Group
The Mahindra Group $ $25B+ 324,000+ 100+ 20+ GROUP TURNOVER EMPLOYEES COUNTRIES INDUSTRIES India’s number 1 SUV manufacturer by revenue Pioneering IC&IC business and residential market share; strong pipeline of EV products developments World’s largest tractor company by volume Number 1 timeshare com
Slide 21: Mahindra Group created significant value in the last two decades
Mahindra Group created significant value in the last two decades; MLDL a key priority for the Group +94 Market cap of M&M Limited +94 (Rs K Cr) Mahindra Lifespaces is identified as a Growth Gem by Mahindra Group 332 +45 Mahindra Group fully committed to +57 238 support MLDL’s growth aspirations +42
Slide 22: MLDL at a Glance
MLDL at a Glance Rs 7,705 Cr Market Cap as on 30th June 25 Residential Business IC&IC Business 50+ projects since 1996 (49.26 msft); 2 World Cities, 3 Industrial parks; 21k+ satisfied customers Industrial Developer since 1994 Strategic partnerships with Actis and Strategic partnerships with TIIDCO,
Slide 23: Key Industry drivers
Key Industry drivers Increasing urbanization… …Household income… Low Lower Mid Upper Mid High 3% 7% 40% 21% 31% 44% Lower Mid and 33% Upper Mid Segment to increase from 34% ~54% to ~78% 43% 15% CY11 CY30 CY18 CY30F Avg. HH Income/ per cap ~7.5 L / 1.4 L ~15 L / 3.5 L …& Regulatory reforms… …Have led
Slide 24: Stock performance and drivers
Stock performance and drivers Stock generated 41% CAGR over the past 5 years Shareholding Pattern (%) MAHLIFE BSE SENSEX BSE REALTY 16.9% Mahindra Group 5.6x MFs 8.7% As of 30th 4.8x June 2025 52.4% FIIs 2.4x 22.0% Others 30-Jun-20 30-Jun-21 30-Jun-22 30-Jun-23 30-Jun-24 30-Jun-25 Key Drivers Key In
Slide 25: Accolades
Accolades We have been recognized in many areas i.e., Home-Buying Experience, and Technology-led Campaigns Construction Excellence Sustainability Real estate Company of the year – West Carbon Disclosure IGBC Green Homes V2 Decarbonization Project 2022, 2023 & 'Platinum' rating - Mahindra Excellence
Slide 26: MLDL Residential
Green Estates, Chennai MLDL Residential RERA Reg No: P51700076963 Artist’s Impression 24
Slide 27: Residential – Structure overview
Residential – Structure overview M&M 51% MLDL 100% 73.7% 51% 89% MBDL MHPL MHDL MWCDL* Lakewoods Bloomdale Luminare Happinest Palghar Happinest MWCC Nestalgia Happinest Kalyan Aqualily Lakefront Estates 26.3% 49% 11% Actis HDFC Capital TIDCO Note: Includes assets owning SPVs only. Shareholding %ages
Slide 28: Residential – Q1 FY26 Operational highlights
Residential – Q1 FY26 Operational highlights 0.58 msft 3.18 msft Sales Volume 0.82 msft Sales Volume 2.26 msft (RERA Carpet Area: Launches (RERA Carpet Area: Launches 0.42 msft) 2.32 msft) 0.56 msft 0.56 msft Rs 449 Cr Q1 NilCompletions Rs 2,804 Cr 1.74 msft FY25 Completions Sales Value FY26 Complet
Slide 29: Residential - Quarterly trend
Residential - Quarterly trend Pre-Sales Value (Rs. Cr) Pre-Sales Volume (msft) Collections (Rs. Cr) Work Done (Rs. Cr) 540 518 459 466 1,019 1,055 366 1.17 397 1.03 449 182 334 117 131 116 74 0.53 0.45 0.58 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Launches (msf
Slide 30: Residential - Scale Of operations
Residential - Scale Of operations MLDL is pioneering development of green homes and thoughtfully designed living spaces Ongoing Projects Development Footprint^ Area Total footprint A1 sold 7.60 msft A for Ongoing projects 13.38 msft Current Pipeline projects (excl. A2 inventory 3.14 msft B Strategic
Slide 31: Residential – Portfolio summary (1/2)
Residential – Portfolio summary (1/2) Ongoing Projects Area Sales Current Inventory Project Future Phases of Value of Total Project Sold Value Inventory Value Completion Ongoing Projects Future Phases Development Name (msft) (A) (Rs Cr) (msft) (B) (Rs Cr) (%) (msft) (B) (Rs Cr) (msft) (A+B+C) Vista
Slide 32: Residential – Portfolio summary (2/2)
Residential – Portfolio summary (2/2) Pipeline Projects to be launched Future Estimated GDV Project Segment Development potential Name (msft) (Rs Cr) Navrat, Bengaluru 0.95 1000 Navrat 2, Bengaluru 1.04 1100 Hopefarm, Bengaluru 1.36 1800 Whitefield , Bengaluru 0.22 250 Mulund, Mumbai 0.66 1250 Saiba
Slide 33: MLDL IC & IC
Mahindra World City, Jaipur MLDL IC & IC 31 Actual Image
Slide 34: IC & IC - Structure overview
IC & IC - Structure overview M&M 51% MLDL 100% 74% 89% 100% KTL MWCJL* MWCDL MIPCL MIPPL* 60% Origins Pune MWC Jaipur MWC Chennai Origins Chennai Origins Ahmedabad 26% 11% 40% RIICO TIDCO Sumitomo Note: Overview includes assets owning SPVs only. Shareholding %ages are rounded to nearest %age and bas
Slide 35: IC & IC - Scale of operations
IC & IC - Scale of operations Pioneer in this business with pan India presence across Golden Quadrilateral and Delhi-Mumbai Industrial Corridor Integrated Cities Industrial Clusters MWC MWC Origins Origins Chennai Jaipur Chennai Ahmedabad Distance Distance 60 Km 20 Km 35 Km 75 Km to City to City Par
Slide 36: IC & IC – Leased area
IC & IC – Leased area MWC, Chennai Origins, Chennai Leasable Area*: 1216 acres Unleased Inventory: 96 acres# 307 Gross Area 229 Leasable Area* 1,120 Leased Area 161 50 46 96 MWC Residential OBL Leased Unleased Acres MWC, Jaipur Origins, Ahmedabad Leasable Area*: 1917 acres Unleased Inventory: 789 ac
Slide 37: IC & IC – Key metrics
IC & IC – Key metrics Leased Area (Acres) Park O&M, MWC Chennai (Rs Cr) 157.9 110.6 74.3 111.1 23.9 23.9 25.2 29.2 85.1 23.4 23.3 22.1 4.8 17.4 16.7 18.3 17.7 17.9 16.4 39.6 46.4 95 71.4 53.8 15.4 76.1 15.1 23.3 28.8 26.6 1.2 2.2 15.6 12.2 5.8 FY20* FY21* FY22 FY23 FY24 FY25 FY20 FY21 FY22 FY23 FY24
Slide 38: IC & IC - Marquee Clientele
IC & IC - Marquee Clientele MWC Chennai MWC Jaipur 92 customers (66 operational) 158 customers (102 operational) Central Avenue DTA Zone Origins Chennai Origins Ahmedabad 16 customers (6 operational) NH Access Planned Planned Construction Construction 36
Slide 39: MLDL Leadership
Zen, Bengaluru MLDL Leadership RERA Reg No: PRM/KA/RERA/1251/310/PR/210324/006712 Artistic Impression 37
Slide 40: MLDL Leadership | Directors
MLDL Leadership | Directors Mr. Ameet Hariani Dr. Anish Shah Mr. Anuj Puri Ms. Amrita Chowdhury Chairman and Non-Executive, Non-Executive, Non-Executive, Non-Executive, Non-Independent Director Independent Director Independent Director Independent Director • Chartered Accountant and Fellow of the •
Slide 41: MLDL Leadership | Management
MLDL Leadership | Management Avinash Bapat Abhimanyu Mathur Anshu Shukla Chief Financial Chief Marketing Chief Design Officer Officer Officer Ameet Hariani Non-Executive Chairman Parveen Mahtani Sudharshan KR Tanmoy Roy Chief Legal Officer Chief Project Chief Human Officer Resources Officer Vikram G
Slide 42: Thank You
Thank You Investor Relations Contact Mr. Sriram Kumar Vice President – FP&A, Costing & IR Email: KUMAR.SRIRAM@mahindra.com Mahindra Lifespace Developers Limited CIN L45200MH1999PLC118949 5th Floor, Mahindra Towers, Worli, Mumbai - 400 018. Tel: 022 6747 8600/ 6747 8601 | Fax: 022 2497 5084 For more
Slide 43: Glossary
GLOSSARY Classification of projects is as under: a. Completed: projects where b. Ongoing: projects where (i) all c. Future Phases: projects in respect of d. Pipeline Projects: land in which construction has been title or development rights, or which (i) all title or development rights any of the Com
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