Mahindra Lifespace Developers Limited · NSE:MAHLIFE
Mahindra Lifespace Developers — Q4 FY2026 Earnings Presentation
43 slides from Mahindra Lifespace Developers's earnings presentation, Apr 28, 2026
Slide 1: Exchange intimation letter for earnings presentation
28 April 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 Present
Slide 2: Investor Presentation Q4FY26
Rainforest, Mumbai Investor Presentation Q4FY26 RERA Reg no. : PM1181012502957 & PR1181012502956
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
Blossom, Bengaluru MLDL Strategic Update PRM/KA/RERA/1251/446/PR/171225/008348 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 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, supersi
Slide 6: Key highlights
Key highlights • Q4 Resi pre-sales: 1633 Cr (highest ever); FY Resi pre-sales: 3405 Cr — Successful launches in FY 26: Blossom, NewHaven, Marina64, Citadel T-L, Lakewoods H&I — Sustenance sales contributed ~40% of FY26 sales (Vista, IvyLush, Citadel) • RERA received for Mahindra Rainforest Resi upda
Slide 7: FY26 GDV additions of 18K Cr
FY26 GDV additions of 18K Cr 10.6K GDV added in FY26 7.5K Lokhandwala 2, Mulund, Navrat 2, Chembur, Mahalunge, Navy 2, Matunga, Thane, Mumbai Mumbai Bengaluru Mumbai Pune Mumbai Mumbai Mumbai Acres 2.22 3.08 8.79 4.40 13.46 1.65 1.54 33.0 Outright Cluster Society Society Society Cluster Own acquisit
Slide 8: Cumulative GDV gives multi-year visibility on growth plan
Our cumulative GDV now gives us multi-year visibility on the growth plan Rs Cr ~37,210 ~45,180 1,770 6,200 Current Inventory Future Phases of Pipeline Projects Total GDV Potential as of 31st Mar’26 (A) Current Projects (B) to be launched (C) (A+B+C) • Rainforest • Citadel Ph 3 (970) Pre FY24 (550) O
Slide 9: FY26 launch plan
FY26 launch plan Rs Cr Key Launches 3405 NewHaven, Bengaluru (Q1 FY26) 2804 Citadel (T-L), Pune (Q1 FY26) 2328 1633 Marina64, Mumbai (Q2 FY26) 1055 1812 Lakewoods H&I, Chennai (Q2 FY26) 1086 361 334 Blossom, Bengaluru (Q3 FY26) 572 1028 450 397 Rainforest, Mumbai (Q4 FY26) Q4 695 443 328 399 752 Q3
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 • Mahalaxmi • Thane Ph1 • Lokhandwala 2 • Thane Ph3 ✓• Vista Ph
Slide 11: IC&IC business continues to see good momentum
IC&IC business continues to see good momentum Deals Revenues (Rs Cr) New DTA customer 1 180.4 New DTA customer 2 61.1 Rs Cr 713 New DTA customer 3 15.7 590 New DTA customer 4 15.5 495 360 470 New SEZ customer 1 35.0 227 389 3.2 123 211 New SEZ customer 2 94 85 New Commercial customer 1 15.9 236 134
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 1,177 740 MWC Chennai 1,594 1,216 1,155 61 Origins Chennai 1 307 229 165 64 Or
Slide 13: Financial – Highlights
Financial – Highlights Rs Cr Sales Residential IC&IC Revenues GDV Q4 FY26: 1633 Cr Q4 FY26: 360 Cr Q4 FY26: Nil FY26: 3405 Cr FY26: 713 Cr FY26: 18060* Cr (Q4 FY25: 1055 Cr (Q4 FY25: 211 Cr (Q4 FY25: 3650 Cr FY25: 2804 Cr) FY25: 495 Cr) FY25: 18100 Cr) Resi Collections Net Debt to Equity1 Cost of De
Slide 14: Financials - Segment performance
Financials - Segment performance Rs Cr FY26 FY25 SEGMENT RESULTS Resi IC&IC Total Resi IC&IC Total Area Sold (msft) / Land Leased (acres) 3.53 msft 138.4 acres - 3.18 msft 85.1 acres - Sales / IC&IC revenues 3405 713 4118 2804 495 3299 Income from Operations 1680 713 2393 826 495 1321 (+) Other Inco
Slide 15: Financials - Consolidated Cashflows
Financials - Consolidated Cashflows Rs Cr Particulars FY26 FY25 Opening cash & bank balance (A) 715 642 Project inflows 2699 2298 Project outflows -1860 -1466 Operating Cashflow (B) +840 +832 Investing and Financing cashflow (C) 475 175 Net Cash Flows (D = B+C) +1315 +1007 Land Outflows (E) -903 -93
Slide 16: Healthy cashflows from our planned launches
Healthy cashflows from our planned launches* Rs Cr 8,650 14,510 760 5,035 65 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^ 65 14,040 (7,840 + 6,200) 1,770 33,710 4
Slide 17: Financials - Consolidated P&L
Financials - Consolidated P&L Rs Cr PROFIT & LOSS STATEMENT Q4 FY26 Q3 FY26 Q4 FY25 FY26 FY25 Income from Operations 670 459 9 1178 372 Other Income 54 10 46 88 92 Total Revenues 723 469 55 1266 464 Operating Expenses 628 371 (1) 1043 316 Employee Remuneration & Benefits 37 32 26 127 112 Finance Cos
Slide 18: Financials - Consolidated Balance Sheet
Financials - Consolidated Balance Sheet Rs Cr EQUITY & LIABILITIES 31st Mar 26 31st Mar 25 ASSETS 31st Mar 26 31st Mar 25 Equity Share Capital 213 155 Property, Plant and Equipment 10 18 Other Equity 3414 1,741 Right of Use Assets 16 7 Net Worth 3627 1,896 Capital Work-In-Progress 10 5 Non-Controlli
Slide 19: MLDL Overview
Nestalgia, Pune MLDL Overview RERA Reg 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; 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 22: MLDL at a Glance
MLDL at a Glance Rs 6,295 Cr Market Cap as on 31st Mar 26 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 31% CAGR over the past 6 years Shareholding Pattern (%) MAHLIFE BSE SENSEX BSE REALTY 17.0% Mahindra Group 7.6% MFs As of 31st 4.9x March 2026 52.4% 3.8x FIIs 23.0% 2.4x Others 31-Mar-20 31-Mar-21 31-Mar-22 31-Mar-23 31-Mar-24 31-Mar-25 31-Mar-26 Key Dri
Slide 25: 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 Luminaire received Gold Mahindra Vista won Residential Project - Mixed Use (Design) Final Certific
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% 51% MBDL MHPL MHDL MWCDL* MBLDL# Lakewoods Bloomdale Happinest MWCC Happinest Palghar Blossom Nestalgia Luminare Aqualily Happinest Kalyan Lakefront Estates Green Estates 49% 11%` 49% HDFC Capital TIDCO MFA Note: Includes assets owning
Slide 28: Residential – Q4 FY26 Operational highlights
Residential – Q4 FY26 Operational highlights 1.18 msft 3.53 msft Sales Volume 1.89 msft Sales Volume 4.30 msft (RERA Carpet Area: Launches (RERA Carpet Area: Launches 0.82 msft) 2.58 msft) 0.56 msft 0.56 msft 1,633 Cr Q4 4 Completions 3,405 Cr 7 FY26 Completions Sales Value FY26 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 635 568 1.17 518 1,055 466 386 1.18 1.03 572 449 752 182 152 116 137 138 0.58 0.60 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY 26 Q4 FY 26 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY 26 Launches (
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 7.58 msft A for Ongoing projects 13.83 msft Current Pipeline projects (excl. A2 inventory 4.41 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: 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: 740 ac
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 (69 operational) 168 customers (108 operational) Central Avenue DTA Zone Origins Chennai Origins Ahmedabad 19 customers (8 operational) NH Access Planned Planned Construction Construction 36
Slide 39: MLDL Leadership
New Heaven MLDL Leadership RERA : PRM/KA/RERA/1251/310/PR/160425/007668 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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