Mahindra Lifespace Developers Limited · NSE:MAHLIFE
Mahindra Lifespace Developers — Q2 FY2026 Earnings Presentation
42 slides from Mahindra Lifespace Developers's earnings presentation, Oct 31, 2025
Slide 1: Regulation 30 intimation letter to exchanges
October 31, 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 pu
Slide 2: Investor Presentation Q2FY26
Lakewoods, Mahindra World City, Chennai Investor Presentation Q2FY26 TNRERA/35/BLG/0276/2025 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: Key highlights
Key highlights • Q2 Resi pre-sales: 752 Cr; H1 Resi pre-sales: 1200 Cr • Successful launches in H1: NewHaven (~80% sold); Marina64 Plot B & C (~50% sold); Citadel T-L Resi pre-sales (~80% sold), Lakewoods H&I (100% sold during festive season in Oct’25) • Sustenance sales contributed ~55% of H1 sales
Slide 7: H1 FY26 GDV additions of 5,200 Cr
H1 FY26 GDV additions of 5,200 Cr (YTD: 9,500 Cr) Lokhandwala, Mulund, Navrat 2, Chembur, Mahalunge, Navy 2, Mumbai Mumbai Bengaluru Mumbai Pune Mumbai Acres 2.22 3.08 8.79 4.40 13.46 1.65 Cluster Society Outright Society Society Outright redevelopment redevelopment acquisition (shares) redevelopmen
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 ~40,950 46,250 ~46,250 2,700 2,600 Current Inventory Future Phases of Pipeline Projects Total GDV Potential as of 30th Sep’25 (A) Current Projects (B) to be launched (C) (A+B+C) • Marina64 • Citadel Ph 3 (970) Pre FY24 (R
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) – Plot A EC awaited 1086 361 334 Lakewoods H&I, Chennai (Q2 FY26) 1200 450 397 Hopefarm, Bengaluru (Q3 FY26) 1028 443 695 328 752 Mahalaxmi, Mumbai (Q3 FY26) Q4 399 Q3 346
Slide 10: High visibility in our pre-sales plan
High visibility in our pre-sales plan Rs Cr 9,500 65% 67% 75% Sustenance 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 Commercial customer 1 0.4 Existing DTA customer 1 6.5 Rs Cr Existing DTA customer 2 15.1 590 495 New DTA customer 1 7.9 470 227 New DTA customer 2 7.4 389 123 211 New DTA customer 3 16.0 94 85 236 New SEZ customer 1 11.3 7
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 1,142 775 MWC Chennai 1,594 1,216 1,122 94 Origins Chennai 1 307 229 161 68 Or
Slide 13: Financial – Highlights
Financial – Highlights Sales Residential IC&IC Revenues GDV Q2 FY26: Rs 752 Cr Q2 FY26: Rs 99 Cr Q2 FY26: Rs 1700 Cr H1 FY26: Rs 1200 Cr H1 FY26: Rs 219 Cr H1 FY26: Rs 5200 Cr (Q2 FY25: Rs 397 Cr (Q2 FY25: Rs 111 Cr (Q2 FY25: Rs 650 Cr H1 FY25: Rs 1415 Cr) H1 FY25: Rs 214 Cr) H1 FY25: Rs 2050 Cr) Re
Slide 14: Financials - Segment performance
Financials - Segment performance Rs Cr H1 FY26 H1 FY25 SEGMENT RESULTS Resi IC&IC Total Resi IC&IC Total Area Sold (msft) / Land Leased (acres) 1.21 msft 35.6 acres - 1.70 msft 34.9 acres - Sales / IC&IC revenues 1200 219 1419 1415 214 1629 Income from Operations 269 219 488 241 214 455 (+) Other In
Slide 15: Financials - Consolidated Cashflows
Financials - Consolidated Cashflows Rs Cr FY 25 Particulars H1 FY26 H1 FY25 642 Opening cash & bank balance (A) 715 642 2298 Project inflows 1225 1178 -1466 Project outflows -800 -630 +832 Operating Cashflow (B) +425 +548 175 Investing and Financing cashflow (C) 65 -138 +1007 Net Cash Flows (D = B+C
Slide 16: Financials - Consolidated Profit & Loss
Financials - Consolidated Profit & Loss A/C Rs Cr PROFIT & LOSS STATEMENT Q2 FY26 Q1 FY26 Q2 FY25 FY25 Income from Operations 18 32 8 372 Other Income 16 9 8 92 Total Revenues 33 41 16 464 Operating Expenses 15 28 3 316 Employee Remuneration & Benefits 30 28 29 112 Finance Costs 2 4 7 19 Depreciatio
Slide 17: Financials - Consolidated Balance Sheet
Financials - Consolidated Balance Sheet Rs Cr EQUITY & LIABILITIES 30th Sep 25 31st Mar 25 ASSETS 30th Sep 25 31st Mar 25 Equity Share Capital 213 155 Property, Plant and Equipment 14 18 Other Equity 3,210 1,741 Right of Use Assets 21 7 Net Worth 3,423 1,896 Capital Work-In-Progress 6 5 Non-Controll
Slide 18: MLDL Overview
Aqualilly, Chennai MLDL Overview TNRERA No: TN/01/Building/0174/2022 Artistic Impression 16
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 +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 21: MLDL at a Glance
MLDL at a Glance Rs 7,536 Cr Market Cap as on 30th Sep 25 Residential Business IC&IC Business 50+ projects since 1996 (53.30 msft); 2 World Cities, 3 Industrial parks; 21k+ satisfied customers Industrial Developer since 1994 Strategic partnerships with Actis and Strategic partnerships with TIDCO, HD
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 38% CAGR over the past 5 years Shareholding Pattern (%) MAHLIFE BSE SENSEX BSE REALTY 16.9% Mahindra Group 4.9x 7.9% MFs As of 30th Sep 2025 52.4% 4.0x FIIs 22.8% 2.1x Others 30-Sep-20 30-Sep-21 30-Sep-22 30-Sep-23 30-Sep-24 30-Sep-25 Key Drivers Key Ins
Slide 24: Recent accolades
Recent accolades Construction Excellence Sustainability Carbon Disclosure Project (CDP)- Intertek Zero Waste to Supplier Engagement Leader - 'A' Landfill certified (6th year rating (5th year in a row) in a row) Construction Week India Awards 2025- Green Project of the Year- Residential to Eden IGBC
Slide 25: MLDL Residential
Codename Greenlife, MMR MLDL Residential RERA Reg No: P51700076963 Artist’s Impression 23
Slide 26: Residential – Structure overview
Residential – Structure overview M&M 52% MLDL 100% 73.7% 51% 89% MBDL MHPL MHDL MWCDL* Lakewoods Happinest MWCC Bloomdale Happinest Palghar Luminare Aqualily Nestalgia Happinest Kalyan Lakefront Estates Green Estates 26.3% 49% 11% Actis HDFC Capital TIDCO Note: Includes assets owning SPVs only. Shar
Slide 27: Residential – Q2 FY26 Operational highlights
Residential – Q2 FY26 Operational highlights 1.17 msft 1.75 msft Sales Volume 0.20 msft Sales Volume 1.02 msft (RERA Carpet Area: Launches (RERA Carpet Area: Launches 0.88 msft) 1.31 msft) 0.56 msft 0.56 msft Rs 752 Cr Q2 NilCompletions Rs 1,200 Cr H1 NilCompletions Sales Value FY26 Completions Sale
Slide 28: Residential - Quarterly trend
Residential - Quarterly trend Pre-Sales Value (Rs. Cr) Pre-Sales Volume (msft) Collections (Rs. Cr) Work Done (Rs. Cr) 568 518 459 466 1,055 1.17 366 1.03 449 752 182 397 334 137 117 131 116 0.53 0.45 0.58 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Launches (msft
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 8.05 msft A for Ongoing projects 12.84 msft Current Pipeline projects (excl. A2 inventory 2.60 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) Vista
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 Hopefarm, Bengaluru 1.36 1800 Whitefield , Bengaluru 0.22 250 Mahalunge, Pune 3.50 3500 Mulu
Slide 32: MLDL IC & IC
Mahindra World City, Chennai MLDL IC & IC 30 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: 94 acres# 307 Gross Area 229 Leasable Area* 1,122 Leased Area 161 48 46 94 MWC Residential OBL Leased Unleased Acres MWC, Jaipur Origins, Ahmedabad Leasable Area*: 1917 acres Unleased Inventory: 775 ac
Slide 36: 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 37: IC & IC - Marquee Clientele
IC & IC - Marquee Clientele MWC Chennai MWC Jaipur 89 customers (74 operational) 163 customers (104 operational) Central Avenue DTA Zone Origins Chennai Origins Ahmedabad 16 customers (7 operational) NH Access Planned Planned Construction Construction 35
Slide 38: MLDL Leadership
NewHaven, Bengaluru MLDL Leadership RERA Reg No: PRM/KA/RERA/1251/310/PR/16025/007668 Artistic Impression 36
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 Ankur Parmar Anshu Shukla Parijat Dey Chief Marketing Chief Design Chief Technology Officer Officer Officer Ameet Hariani Non-Executive Chairman Parveen Mahtani Sriram Kumar* Sudharshan KR Chief Legal Officer Chief Financial Chief Project Officer Officer Tanmoy Roy Vikra
Slide 41: 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 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
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