Mahindra Lifespace Developers Limited · NSE:MAHLIFE
Mahindra Lifespace Developers — Q1 FY27 Earnings Presentation
42 slides from Mahindra Lifespace Developers's earnings presentation, Jul 23, 2026
Slide 1: Exchange filing cover letter
23 July 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 Presenta
Slide 2: Investor Presentation Q1 FY27
BeaconHill, Mumbai Investor Presentation Q1 FY27 RERA Reg no. : PM1170002600357
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
Rainforest, Mumbai MLDL Strategic Update RERA Reg No. PM1181012502957 and PR1181012502956 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 • Q1 Resi pre-sales: 925 Cr — Successful launch of Rainforest — Sustenance sales contributed ~42% of sales (Blossom, Vista, Marina 64, IvyLush) Resi update • FY27 Planned launches: Mahalunge Ph1, Lakewoods F&G, Saibaba Ph1, Navrat Ph1, WestEra • OCs received: Eden Ph2, Luminare, Palgh
Slide 7: K2 added in overall GDV growth plan
K2 added in overall GDV growth plan Rs Cr ~41, 160 ~49,930 7,850 920 Current Inventory Future Phases of Pipeline Projects Total GDV Potential as of 30th June’26 (A) Current Projects (B) to be launched (C) (A+B+C) • BeaconHill • Citadel Commercial (630) Pre FY24 (550) Other key projects (Rs 3,500 Cr)
Slide 8: 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 Citadel Ph3, Pune (Q1 FY27) 1055 1812 1086 Mahalunge Ph1, Pune (Q2 FY27) 361 334 572 1028 Lakewoods F&G, Chennai (Q2 FY27) 450 397 925 Q4 695 443 328 399 752 Q3 S
Slide 9: 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 10: 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 DTA customer 1 7.8 590 New SEZ customer 1 2.1 495 360 470 O&M and Other income 30.9 227 389 123 211 Q1 FY27 Total 40.8 94 85 Q4 134 70 4 MOUs / LOIs signed. Strong pipeline heading in the 161 134 248 Q3 yea
Slide 11: 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 1,179 738 MWC Chennai 1,594 1,216 1,155 61 Origins Chennai 1 307 229 165 64 Or
Slide 12: Financial – Highlights
Financial – Highlights Rs Cr Sales Residential IC&IC Revenues GDV Q1 FY27: 925 Cr Q1 FY27: 41 Cr Q1 FY27: 5600 Cr (Q1 FY26: 449 Cr) (Q1 FY26: 120 Cr) (Q1 FY26: 3500 Cr) Resi Collections Net Debt to Equity1 Cost of Debt Q1 FY27: 527 Cr Q1 FY27: -0.20 Q1 FY27: 7.5% (Q1 FY26: 518 Cr) (Q1 FY26: -0.23) (
Slide 13: Financials - Segment performance
Financials - Segment performance Rs Cr Q1 FY27 Q1 FY26 SEGMENT RESULTS Resi IC&IC Total Resi IC&IC Total Area Sold (msft) / Land Leased (acres) 0.60 msft 2.0 acres - 0.58 msft 18.7 acres - Sales / IC&IC revenues 925 41 966 449 120 569 Revenue from operations 998 41 1039 64 120 184 (+) Other Income 1
Slide 14: Financials - Consolidated Cashflows
Financials - Consolidated Cashflows Rs Cr Particulars Q1 FY27 Q1 FY26 Opening cash & bank balance (A) 1,127 715 Project inflows 531 572 Project outflows -396 -376 Operating Cashflow (B) +134 +196 Investing and Financing cashflow (C) -47 +554 Net Cash Flows (D = B+C) +87 +750 Land Outflows (E) -106 -
Slide 15: Healthy cashflows from our planned launches
Healthy cashflows from our planned launches* Rs Cr 9,770 15,300 5,130 340 60 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^ 60 16,130 (8,280 + 7,850) 920 37,740 54,
Slide 16: Financials - Consolidated P&L
Financials - Consolidated P&L Rs Cr PROFIT & LOSS STATEMENT Q1 FY27 Q1 FY26 Q4FY26 FY26 Revenue from Operations 962 32 670 1178 Other Income 15 9 54 88 Total Revenues 978 41 723 1266 Operating Expenses 796 28 628 1043 Employee Remuneration & Benefits 34 28 37 127 Finance Costs 2 4 3 11 Depreciation
Slide 17: Financials - Consolidated Balance Sheet
Financials - Consolidated Balance Sheet Rs Cr EQUITY & LIABILITIES 30th Jun 26 31st Mar 26 ASSETS 30th Jun 26 31st Mar 26 Equity Share Capital 213 213 Property, Plant and Equipment 19 10 Other Equity 3502 3414 Right of Use Assets 15 16 Net Worth 3715 3627 Capital Work-In-Progress 10 10 Non-Controlli
Slide 18: MLDL Overview
Citadel, Pune MLDL Overview RERA Reg No: P52100047656, P52100053150, & P52100053012 Artistic Impression
Slide 19: 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 20: Mahindra Group created significant value; MLDL a key priority
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 238 support MLDL’s growth aspirations
Slide 21: MLDL at a Glance
MLDL at a Glance Rs 7,818 Cr Market Cap as on 30th June 26 Residential Business IC&IC Business 50+ projects since 1996 (55.50 msft); 2 World Cities, 3 Industrial parks; 21k+ satisfied customers Industrial Developer since 1994 Strategic partnerships with Mitsui Strategic partnerships with TIDCO, Fudo
Slide 22: 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 23: Stock performance and drivers
Stock performance and drivers Stock generated 33% CAGR over the past 6 years Shareholding Pattern (%) MAHLIFE BSE SENSEX BSE REALTY 17.0% Mahindra Group 7.6% MFs As of 30th 4.9x June 2026 52.4% 3.8x FIIs 23.0% 2.4x Others 30-Jun-20 30-Jun-21 30-Jun-22 30-Jun-23 30-Jun-24 30-Jun-25 30-Jun-26 Key Driv
Slide 24: Recent accolades
Recent accolades Project Sustainability Mahindra Lifespaces won Corporate Governance and Sustainability Vision Awards 2026 at Indian Chamber of Commerce (ICC) Mahindra Marina64 Net Zero Energy Mahindra Ivylush received Mahindra Vista won Residential Project - Mixed Use (Design) Abhinandan - IGBC Net
Slide 25: MLDL Residential
Vista, MMR MLDL Residential RERA Reg No: P51800054671 Artist’s Impression
Slide 26: 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 (SSPL) Nestalgia Happinest Kalyan Lakefront Estates Green Estates 49% 11% 49% HDFC Capital TID
Slide 27: Residential – Q1 FY27 Operational highlights
Residential – Q1 FY27 Operational highlights 0.60 msft 3.53 msft Sales Volume 1.36 msft Sales Volume 4.30 msft (RERA Carpet Area: Launches (RERA Carpet Area: Launches 0.39 msft) 2.58 msft) 0.56 msft 0.56 msft 925 Cr Q1 3 Completions 3,405 Cr 7 FY26 Completions Sales Value FY27 Completions Sales Valu
Slide 28: Residential - Quarterly trend
Residential - Quarterly trend Pre-Sales Value (Rs. Cr) Pre-Sales Volume (msft) Collections (Rs. Cr) Work Done (Rs. Cr) 1633 635 568 1.17 518 527 925 386 1.18 752 572 449 152 116 137 138 117 0.58 0.60 0.60 Q1 FY26 Q2 FY26 Q3 FY 26 Q4 FY 26 Q1 FY 27 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY 26 Q1 FY 27 Launches (
Slide 29: 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 7.50 msft A for Ongoing projects 13.78 msft Current Pipeline projects (excl. A2 inventory 5.23 msft B Strategic
Slide 30: 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 31: 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 32: MLDL IC & IC
Mahindra World City, Jaipur MLDL IC & IC Actual Image
Slide 33: 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 34: 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 35: IC & IC – Leased area
IC & IC – Leased area MWC, Chennai Origins, Chennai Leasable Area*: 1216 acres Unleased Inventory: 61 acres# 547 Gross Area Leasable Area* 1,155 392 Leased Area 38 220 23 61 MWC Residential OBL Leased Unleased Acres MWC, Jaipur Origins, Ahmedabad Leasable Area*: 1917 acres Unleased Inventory: 738 ac
Slide 36: 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 37: IC & IC - Marquee Clientele
IC & IC - Marquee Clientele MWC Chennai MWC Jaipur 90 customers (69 operational) 170 customers (108 operational) Central Avenue DTA Zone Origins Chennai Origins Ahmedabad 19 customers (8 operational) NH Access Planned Planned Construction Construction 35
Slide 38: MLDL Leadership
Blossom, Bengaluru MLDL Leadership RERA : PRM/KA/RERA/1251/446/PR/171225/008348 Artistic Impression
Slide 39: 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 40: 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 41: 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 42: 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 — Q1 FY27 Earnings Presentation on 6ix