Board approves Q2 and H1 FY27 results; limited review conclusion unmodified for standalone and consolidated
Board meeting on 22 October 2026 approved unaudited standalone and consolidated results for Q2 and H1 ended 30 September 2026.
By ScoutQuest · · 2 min read
- Standalone PAT Q2
- Rs 12,743 lakhs for Q2 (vs Rs 9,013 lakhs)
- Standalone PAT H1
- Rs 21,756 lakhs for H1
- Auditor limited review
- Deloitte Haskins & Sells LLP gave an unmodified limited review conclusion on both
Headline read: a quarterly board outcome
The Board of Directors met on 22 October 2026 from 11:48 a.m. to 01:50 p.m. and approved the unaudited standalone and consolidated financial results for the second quarter and half year ended 30 September 2026, subject to limited review by the statutory auditors.
Auditor's conclusion
- Deloitte Haskins & Sells LLP issued an unmodified limited review report on both the standalone and the consolidated results.
- A review is narrower than a full audit, and the auditor states that it does not express an audit opinion.
Standalone performance (Rs in lakhs)
- Revenue from operations: Rs 1,573 for the quarter (against Rs 1,197 a year earlier) and Rs 34,697 for the half year (against Rs 3,750).
- Total income: Rs 24,713 for the quarter, of which other income was Rs 23,140.
- Profit before exceptional items and tax: Rs 16,477 for the quarter, against Rs 11,296 in the preceding quarter.
- Profit after tax: Rs 12,743 for the quarter (against Rs 9,013) and Rs 21,756 for the half year (against a loss of Rs 5,833).
- Basic earnings per share: Rs 5.97 for the quarter and Rs 10.20 for the half year.
What fed other income
- A provision for cost to completion of Rs 1,900 lakhs was reversed and disclosed as other income during the quarter, on receipt of occupation certificates.
- The quarter also reflects the divestment of the Ample Parks Group for a consideration of Rs 7,652 lakhs, on which a profit of Rs 156 lakhs was recognised.
Other points from the notes
- 31,000 shares were allotted to eligible employees under ESOS during the quarter and half year.
- Mahindra Blossom Developers Limited became a joint venture after 49% of its equity was sold to Mitsui Fudosan (Asia) Pte Ltd, and the Alembic undertaking was transferred to it on a slump sale basis for Rs 55,880 lakhs.
- Balance sheet size: total assets Rs 7,57,516 lakhs as at 30 September 2026, against Rs 6,92,120 lakhs as at 31 March 2026; total equity Rs 3,20,914 lakhs.
- Cash flow: net cash used in operating activities was Rs 10,426 lakhs for the half year, against Rs 753 lakhs in the year-earlier half.
Consolidated review
- The consolidated statement covers the parent, its subsidiaries, joint ventures and associates, including the Ample Parks entities.
- The auditor relied on the reports of other auditors for certain joint ventures and on results certified by the Management for certain subsidiaries, associates and a joint venture, and states that the conclusion is not modified on this account.
How a retail reader can use this
- The figures are unaudited and reviewed by the auditors, not fully audited.
- Profit for the quarter and half year is positive, with other income, including the provision reversal, forming a large part of total income; the operating lines are reported separately from these items.
Also from Mahindra Lifespace Developers
Mahindra Lifespace reported H1 pre-sales growth of 48% YoY and gave FY guidance of 4,500-5,000 crore rupees in residential pre-sales, targeting 9,500 crore rupees annual pre-sales by FY30
23 Oct 2026
Mahindra Lifespace concludes earnings call on 22 October 2026 for Q2/H1 results ended 30 September 2026
23 Oct 2026
Mahindra Lifespace Developers stock was up around 4%, though analyst was not constructive on the counter
22 Oct 2026
More numbers
- Standalone Revenue from operations, Q2 FY271,573
- Standalone Total income, Q2 FY2724,713
- Standalone Profit after tax, Q2 FY2712,743
- Standalone Profit after tax, H1 FY2721,756
- Shares allotted under ESOS (quarter and half year)31,000
- Ample Parks Group divestment considerationRs 7,652 lakhs
- Cost to completion provision reversed, other incomeRs 1,900 lakhs
- Profit on Ample Parks disposalRs 156 lakhs
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