Mahindra Lifespace Developers Limited · NSE:MAHLIFE
Mahindra Lifespace Developers — Q2 FY27 Earnings Presentation
43 slides from Mahindra Lifespace Developers's earnings presentation, Oct 22, 2026
Slide 1: Exchange filing cover letter for earnings presentation
22 October 2026 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: Earnings Prese
Slide 2: Investor Presentation Q2 FY27
Lakewoods, Chennai Investor Presentation Q2 FY27 TNRERA/35/BLG/0300/2026 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
BeaconHill, Mumbai MLDL Strategic Update RERA Reg no. : PM1170002600357 Artistic Impression
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 50K 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, supersi
Slide 6: Key highlights
Key highlights • H1 Resi pre-sales: 1988 Cr (66% YoY growth) — Successful launch of Rainforest, BeaconHill and Citadel Ph3 — Sustenance sales contributed ~41% of sales (Vista, Blossom, Marina 64, IvyLush) H1 Resi update • RERA received for Mahalunge Ph1, Lakewoods F&G, • Expanded with Tier 1 contrac
Slide 7: 7100 Cr of GDV added in H1 FY27
7100 Cr of GDV added in H1 FY27 Blue text indicates projects acquired in H1FY27 Rs Cr ~42,660 ~50,400 6,950 800 Current Inventory Future Phases of Pipeline Projects Total GDV Potential as of 30th Sept’26 (A) Current Projects (B) to be launched (C) (A+B+C) • BeaconHill • Citadel Commercial (630) Pre
Slide 8: GDV additions worth 7100 Cr in H1 FY27
GDV additions worth 7100 Cr in H1 FY27 Kandivali, Chembur 3, Borivali 3, Mumbai Mumbai Mumbai Acres 14.83 0.13 1.89 Outright Society redevelopment Society redevelopment Definitive June’26 Sep’26 Sep’26 documents GDV (Rs Cr) 5600 500 1000 • Project location near to • Society added to our existing • S
Slide 9: FY27 Launches in line with the plan
FY27 Launches in line with the plan Rs Cr Key Launches 3405 Rainforest, MMR (netting in Q1 FY27) 2804 BeaconHill, MMR (Q1 FY27) 2328 1633 1055 Citadel Ph3, Pune (Q1 FY27) 1988 1812 1086 Lakewoods F&G, Chennai (Q2 FY27) 361 334 572 1063 1028 450 397 Mahalunge Ph1, Pune (Q3 FY27) Q4 695 443 328 399 75
Slide 10: High visibility in our pre-sales plan
High visibility in our pre-sales plan Rs Cr 9,500 Sustenance 65% 67% 75% 3,405 2,804 59% 40% 35% New Launches 35% 33% 65% 60% 41% 25% FY25 FY26 FY27 FY28 FY29 FY30 Major FY25 FY26 FY27 FY28 FY29 FY30 contributors ✓• Ivy Lush ✓• NewHaven ✓ BeaconHill • Thane Ph1 • Lokhandwala 1 • Thane Ph3 ✓• Vista P
Slide 11: IC&IC business demonstrated strong growth over the years
IC&IC business demonstrated strong growth over the years Deals Revenues (Rs Cr) Rs Cr 713 New OBL customer 1 32.3 590 New DTA customer 2 2.3 495 360 470 Existing DTA customer 1 3.7 227 389 123 211 Existing DTA customer 2 2.5 94 85 134 O&M and Other income 31.5 Q4 70 161 134 248 Q3 Q2 FY27 Total 72.3
Slide 12: 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 1,180 737 MWC Chennai 1,594 1,216 1,190 26 Origins Chennai 1 307 229 165 64 Or
Slide 13: Financial – Highlights
Financial – Highlights Rs Cr Sales Residential IC&IC Revenues GDV Q2 FY27: 1063 Cr Q2 FY27: 63 Cr Q2 FY27: 1500 Cr H1 FY27: 1988 Cr H1 FY27: 113 Cr H1 FY27: 7100 Cr (Q2 FY26: 752 Cr (Q2 FY26: 99 Cr (Q2 FY26: 1700 Cr H1 FY26: 1200 Cr) H1 FY26: 219 Cr) H1 FY26: 5200 Cr) Resi Collections Net Debt to Eq
Slide 14: Financials - Segment performance
Financials - Segment performance Rs Cr H1 FY27 H1 FY26 SEGMENT RESULTS Resi IC&IC Total Resi IC&IC Total Area Sold (msft) / Land Leased (acres) 1.30 38.9 - 1.21 35.6 - Sales / IC&IC revenues 1988 113 2101 1200 219 1419 Income from Operations 1064 113 1177 269 219 488 (+) Other Income 77 23 100 24 96
Slide 15: Financials - Consolidated Cashflows
Financials - Consolidated Cashflows Rs Cr Particulars H1 FY27 H1 FY26 Opening cash & bank balance (A) 1,127 715 Project inflows 1,170 1,225 Project outflows -829 -800 Operating Cashflow (B) +341 +425 Investing and Financing cashflow (C) -100 +65 Net Cash Flows (D = B+C) +241 +490 Land Outflows (E) -
Slide 16: Healthy cashflows from our planned launches
Healthy cashflows from our planned launches* Rs Cr 10,110 15,280 4,820 310 40 Ready to move Ongoing Projects (incl. Future Phases of Pipeline Projects to be Estimated Inventory Current Inventory) Current Projects launched Cashflow Sold Units / Estimated Sales^ 40 16,250 (9,300 + 6,950) 800 39,160 56
Slide 17: Financials - Consolidated P&L
Financials - Consolidated P&L Rs Cr PROFIT & LOSS STATEMENT Q2 FY27 Q1 FY27 Q2 FY26 FY26 Revenue from Operations 32 962 18 1178 Other Income 72 15 16 88 Total Revenues 104 978 33 1266 Operating Expenses 14 796 15 1043 Employee Remuneration & Benefits 34 34 30 127 Finance Costs 5 2 2 11 Depreciation
Slide 18: Financials - Consolidated Balance Sheet
Financials - Consolidated Balance Sheet Rs Cr EQUITY & LIABILITIES 30th Sep 26 31st Mar 26 ASSETS 30th Sep 26 31st Mar 26 Equity Share Capital 213 213 Property, Plant and Equipment 20 10 Other Equity 3446 3414 Right of Use Assets 12 16 Net Worth 3659 3627 Capital Work-In-Progress 20 10 Non-Controlli
Slide 19: MLDL Overview
Rainforest,Mumbai MLDL Overview RERA Reg no. : PM1181012502957 & PR1181012502956 Artistic Impression
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 +35 +94 Market cap of M&M Limited (Rs K Cr) Mahindra Lifespaces is identified as +94 a Growth Gem by Mahindra Group 332 367 +44 Mahindra Group fully committed to +57 238 support MLDL’s growth aspirati
Slide 22: MLDL at a Glance
MLDL at a Glance Rs 7,685 Cr Market Cap as on 30th Sept 26 Residential Business IC&IC Business 50+ projects since 1996 (55.90 msft); 2 World Cities, 3 Industrial parks; 21k+ satisfied customers Industrial Developer since 1994 Strategic partnerships with Mitsui Strategic partnerships with TIDCO, Fudo
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 31% CAGR over the past 6 years Shareholding Pattern (%) MAHLIFE BSE SENSEX BSE REALTY 17.4% Mahindra Group 7.4% As of 30th MFs 5.0x Sept 2026 52.4% 3.7x FIIs 22.8% 2.4x Others 30-Sep-20 30-Sep-21 30-Sep-22 30-Sep-23 30-Sep-24 30-Sep-25 30-Sep-26 Key Driv
Slide 25: Recent accolades
Recent accolades Project Sustainability Mahindra World City Chennai Mahindra Vista won Green Building received Decarbonisation Excellence project of the Year - 2026 at Realty+ award for Carbon Neutral Net Zero Conclave & Excellence Awards Waste at ISHRAE Cool conclave 3.0 at Coimbatore, TN 5-Star GR
Slide 26: MLDL Residential
Blossom, Bengaluru MLDL Residential RERA Reg No: PRM/KA/RERA/1251/446/PR/171225/008348 Artist’s Impression
Slide 27: Residential – Structure overview
Residential – Structure overview M&M 52% MLDL 100% 100% 51% 89% 51% 100% MBDL ADL MHDL MWCDL* MBLDL# Others Lakewoods Happinest MWCC K2 (MKDL) Bloomdale Happinest Palghar Aqualily Blossom Rainforest Navrat (MSDPL) Nestalgia Happinest Kalyan Lakefront Estates Green Estates 49% 11% 49% HDFC Capital TI
Slide 28: Residential – Q2 FY27 Operational highlights
Residential – Q2 FY27 Operational highlights 0.69 msft 1.29 msft Sales Volume 0.22 msft Sales Volume 1.58 msft (RERA Carpet Area: Launches (RERA Carpet Area: Launches 0.46 msft) 0.85 msft) 0.56 msft 0.56 msft 1,063 Cr Q2 Nil Completions 1,988 Cr H1 3 Completions Sales Value FY27 Completions Sales Va
Slide 29: Residential - Quarterly trend
Residential - Quarterly trend Pre-Sales Value (Rs. Cr) Pre-Sales Volume (msft) Collections (Rs. Cr) Work Done (Rs. Cr) 1633 635 625 568 1.17 527 1063 925 386 1.18 752 572 137 138 152 174 117 0.69 0.60 0.60 Q2 FY26 Q3 FY 26 Q4 FY 26 Q1 FY 27 Q2 FY 27 Q2 FY26 Q3 FY26 Q4 FY 26 Q1 FY 27 Q2 FY 27 Launche
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 8.20 msft A for Ongoing projects 13.78 msft Current Pipeline projects (excl. A2 inventory 4.75 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) Blosso
Slide 32: Residential – Portfolio summary (2/2)
Residential – Portfolio summary (2/2) Pipeline Projects to be launched Project Future Estimated GDV Segment Name Development (msft) potential (Rs Cr) Navrat, Bengaluru 0.95 1000 Navrat 2, Bengaluru 1.04 1100 Whitefield , Bengaluru 0.22 250 Mahalunge, Pune 3.5 3500 Mulund, Mumbai 0.66 1250 Saibaba (B
Slide 33: MLDL IC & IC
Mahindra World City, Jaipur MLDL IC & IC Actual Image
Slide 34: IC & IC - Structure overview
IC & IC - Structure overview M&M 52% 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 base
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: 26 acres# 547 Gross Area Leasable Area* 1,190 392 Leased Area 20 220 26 6 MWC Residential OBL Leased Unleased Acres MWC, Jaipur Origins, Ahmedabad Leasable Area*: 1916 acres Unleased Inventory: 737 acr
Slide 37: IC & IC – Key metrics
IC & IC – Key metrics Leased Area (Acres) Park O&M, MWC Chennai (Rs Cr) 157.9 138.4 33.1 110.6 74.3 111.1 59 23.9 23.9 25.2 25.2 29.2 85.1 23.3 22.1 4.8 16.7 18.3 17.7 17.9 16.4 46.4 95 71.4 53.8 60 15.4 76.1 28.8 26.6 2.2 15.6 12.2 5.8 19.4 FY21* FY22 FY23 FY24 FY25 FY 26 FY21 FY22 FY23 FY24 FY25 F
Slide 38: IC & IC - Marquee Clientele
IC & IC - Marquee Clientele MWC Chennai MWC Jaipur 90 customers (75 operational) 170 customers (110 operational) Central Avenue DTA Zone Origins Chennai Origins Ahmedabad 19 customers (10 operational) NH Access Planned Planned Construction Construction 36
Slide 39: MLDL Leadership
Ivy Lush, Pune MLDL Leadership RERA : P52100055161, P52100055162, P52100078592 Artistic Impression
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 Vimalendra Singh Vikram Goel Sudharshan KR Chief Business Chief Business Chief Project Officer - Residential Officer - Industrial Officer Ameet Hariani Chairman and Non-Executive, Sriram Kumar Ankur Parmar Anshu Shukla Independent Director Chief Financial Chief Marketing
Slide 42: Thank You
Thank You Investor Relations Contact Mr. Devavrat Mastakar AGM – F&A & IR Email: MASTAKAR.DEVAVRAT@mahindra.com Mahindra Lifespace Developers Limited CIN L45200MH1999PLC118949 4th Floor, Mahindra Towers, Worli, Mumbai - 400 018. Tel: 022 6747 8600/ 6747 8601 | Fax: 022 2497 5084 For more details vis
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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