Mahindra Lifespace Developers Limited · NSE:MAHLIFE
Mahindra Lifespace Developers — Q3 FY2026 Earnings Presentation
43 slides from Mahindra Lifespace Developers's earnings presentation, Feb 2, 2026
Slide 1: Regulation 30 intimation letter to stock exchanges
February 02, 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: Intimation p
Slide 2: Investor Presentation Q3FY26
Blossom, Bengaluru Investor Presentation Q3FY26 PRM/KA/RERA/1251/446/PR/171225/008348 Artistic Impression
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
Eden, Bengaluru MLDL Strategic Update RERA: PRM/KA/RERA/1251/310/PR/060822/005141 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 47K 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 • Q3 Resi pre-sales: 572 Cr; 9M Resi pre-sales: 1773 Cr • Successful launches in 9M: NewHaven, Marina64, Citadel T-L, Lakewoods H&I Resi pre-sales • Sustenance sales contributed ~60% of 9M sales (Vista, IvyLush, Citadel and Green Estates) • Successful launch of Mahindra Blossom in Hop
Slide 7: 9M FY26 GDV additions of 10.6K Cr
9M FY26 GDV additions of 10.6K Cr Lokhandwala Mulund, Navrat 2, Chembur, Mahalunge, Navy 2, Matunga, 2, Mumbai Bengaluru Mumbai Pune Mumbai Mumbai Mumbai Acres 2.22 3.08 8.79 4.40 13.46 1.65 1.54 Outright Cluster Society Society Society Cluster acquisition Outright redevelopment redevelopment redeve
Slide 8: Cumulative GDV gives multi-year visibility on the growth plan
Our cumulative GDV now gives us multi-year visibility on the growth plan Rs Cr ~40,210 ~46,770 2,600 3,960 Current Inventory Future Phases of Pipeline Projects Total GDV Potential as of 31st Dec’25 (A) Current Projects (B) to be launched (C) (A+B+C) • Blossom • Citadel Ph 3 (970) Pre FY24 (550 Cr) O
Slide 9: FY26 launch plan
FY26 launch plan Rs Cr Key Launches 2804 NewHaven, Bengaluru (Q1 FY26) 2328 Citadel (T-L), Pune (Q1 FY26) 1055 1812 Marina64, Mumbai (Q2 FY26) 1773 1086 361 334 Lakewoods H&I, Chennai (Q2 FY26) 572 450 397 Blossom, Bengaluru (Q3 FY26) 1028 443 695 328 752 BeaconHill, Mumbai (Q4 FY26) Q4 399 Q3 346 2
Slide 10: High visibility in our pre-sales plan
High visibility in our pre-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 FY25 FY26 FY27 FY28 FY29 FY30 contributors ✓• Ivy Lush ✓• NewHaven • Bhandup Ph 1.2 • Thane Ph1.1 • Bhandup Ph2 • Thane Ph2 ✓• Vista Ph2
Slide 11: IC&IC business continues to see good momentum
IC&IC business continues to see good momentum Deals Revenues (Rs Cr) Existing DTA customer 1 7.4 Rs Cr 590 Existing DTA customer 2 41.7 495 New DTA customer 1 30.2 470 227 New DTA customer 2 20.0 389 123 211 352 New DTA customer 3 7.4 94 85 236 134 O&M and Other income 27.0 Q4 70 161 134 248 90 Q3 F
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 1,160 757 MWC Chennai 1,594 1,216 1,145 71 Origins Chennai 1 307 229 161 68 Or
Slide 13: Financial – Highlights
Financial – Highlights Rs Cr Sales Residential IC&IC Revenues GDV Q3 FY26: 572 Cr Q3 FY26: 134 Cr Q3 FY26: 1010 Cr 9M FY26: 1773 Cr 9M FY26: 352 Cr 9M FY26: 10560 Cr (Q3 FY25: 334 Cr (Q3 FY25: 70 Cr (Q3 FY25: 12400 Cr 9M FY25: 1749 Cr) 9M FY25: 284 Cr) 9M FY25: 14050 Cr) Resi Collections Net Debt to
Slide 14: Financials - Segment performance
Financials - Segment performance Rs Cr 9M FY26 9M FY25 SEGMENT RESULTS Resi IC&IC Total Resi IC&IC Total Area Sold (msft) / Land Leased (acres) 1.74 msft 53.5 acres - 2.15 msft 47.3 acres - Sales / IC&IC revenues 1773 352 2125 1749 284 1958 Income from Operations 835 352 1187 414 284 698 (+) Other I
Slide 15: Financials - Consolidated Cashflows
Financials - Consolidated Cashflows Rs Cr FY 25 Particulars 9M FY26 9M FY25 642 Opening cash & bank balance (A) 715 642 2298 Project inflows 1761 1631 -1466 Project outflows -1203 -1033 +832 Operating Cashflow (B) +558 +600 175 Investing and Financing cashflow (C) 252 73 +1007 Net Cash Flows (D = B+
Slide 16: Healthy cashflows from our planned launches
Healthy cashflows from our planned launches* Rs Cr 7,695 13,065 1,400 3,880 90 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^ 90 11,705 (7,745 + 3,960) 2,600 29,210
Slide 17: Financials - Consolidated P&L
Financials - Consolidated P&L Rs Cr PROFIT & LOSS STATEMENT Q3 FY26 Q2 FY26 Q3 FY25 FY25 Income from Operations 459 18 167 372 Other Income 10 16 19 92 Total Revenues 469 33 186 464 Operating Expenses 371 15 142 316 Employee Remuneration & Benefits 32 30 28 112 Finance Costs 2 2 4 19 Depreciation &
Slide 18: Financials - Consolidated Balance Sheet
Financials - Consolidated Balance Sheet Rs Cr EQUITY & LIABILITIES 31st Dec 25 31st Mar 25 ASSETS 31st Dec 25 31st Mar 25 Equity Share Capital 213 155 Property, Plant and Equipment 19 18 Other Equity 3,321 1,741 Right of Use Assets 18 7 Net Worth 3,535 1,896 Capital Work-In-Progress 4 5 Non-Controll
Slide 19: MLDL Overview
Nestalgia, Pune MLDL Overview RERA No: P52100045784 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; MLDL a key priority
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 8,405 Cr Market Cap as on 31st Dec 25 Residential Business IC&IC Business 50+ projects since 1996 (53.65 msft); 2 World Cities, 3 Industrial parks; 21k+ satisfied customers Industrial Developer since 1994 Strategic partnerships with HDFC Strategic partnerships with TIDCO, Capital
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 29% CAGR over the past 5 years Shareholding Pattern (%) MAHLIFE BSE SENSEX BSE REALTY 17.0% Mahindra Group 3.5x 7.8% MFs As of 31st Dec 2025 52.4% 2.8x FIIs 22.8% 1.8x Others 31-Dec-20 31-Dec-21 31-Dec-22 31-Dec-23 31-Dec-24 31-Dec-25 Key Drivers Key Ins
Slide 25: Recent accolades
Recent accolades Construction Excellence Sustainability Mahindra Lakewoods (Phase 1) Sustainable Development Platinum rating (Under IGBC Green Leadership - Jury Award Homes - Final Certification) @Swachh Industrial Park @IGBC Green Building Congress Awards 2025 (GBC) 2025 Mahindra Marina64 Net Zero
Slide 26: MLDL Residential
Vista, MMR MLDL Residential RERA Reg No: P51800054671 Artist’s Impression
Slide 27: Residential – Structure overview
Residential – Structure overview M&M 52% MLDL 100% 100%# 51% 89% MBDL MHPL MHDL MWCDL* Lakewoods Happinest MWCC Bloomdale Happinest Palghar Luminare Aqualily Nestalgia Happinest Kalyan Lakefront Estates Green Estates 49% 11% HDFC Capital TIDCO Note: Includes assets owning SPVs only. Shareholding %ag
Slide 28: Residential – Q3 FY26 Operational highlights
Residential – Q3 FY26 Operational highlights 0.60 msft 2.35 msft Sales Volume 1.39 msft Sales Volume 2.41 msft (RERA Carpet Area: Launches (RERA Carpet Area: Launches 0.45 msft) 1.76 msft) 0.56 msft 0.56 msft 572 Cr Q3 3 Completions 1,773 Cr 9M 3 Completions Sales Value FY26 Completions Sales Value
Slide 29: Residential - Quarterly trend
Residential - Quarterly trend Pre-Sales Value (Rs. Cr) Pre-Sales Volume (msft) Collections (Rs. Cr) Work Done (Rs. Cr) 568 518 466 1,055 1.17 366 386 572 1.03 449 752 182 334 131 116 137 138 0.45 0.58 0.60 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY 26 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 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 7.79 msft A for Ongoing projects 13.35 msft Current Pipeline projects (excl. A2 inventory 3.38 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 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 3.50 3500 Mulund, Mumbai 0.66 1250 Saibaba (
Slide 33: MLDL IC & IC
Mahindra World City, Chennai MLDL IC & IC 31 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: 71 acres# 307 Gross Area 229 Leasable Area* 1,145 Leased Area 48 161 23 71 MWC Residential OBL Leased Unleased Acres MWC, Jaipur Origins, Ahmedabad Leasable Area*: 1917 acres Unleased Inventory: 757 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 (74 operational) 166 customers (107 operational) Central Avenue DTA Zone Origins Chennai Origins Ahmedabad 16 customers (7 operational) NH Access Planned Planned Construction Construction 36
Slide 39: MLDL Leadership
Citadel, Pune MLDL Leadership RERA : P52100053012,P52100047656,PR1260002500154 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 5th 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
Mahindra Lifespace Developers — Q3 FY2026 Earnings Presentation on 6ix