Mahindra Lifespace Developers532313Quarterly results
Q2 and H1 FY2026 results: profit after tax of Rs. 12,743 lakhs, Ample Parks stake divested
Board approved unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026.
By ScoutQuest · · 2 min read
34,697 (Rs. in lakhs)Standalone revenue from operations, half year ended 30.09.
Standalone profit after tax, half year ended 30.09.21,756 (Rs. in lakhs)
Standalone profit after tax, quarter ended 30.09.12,743 (Rs. in lakhs)
- Standalone PAT (Q2)
- Rs. 12,743 lakhs, against a loss of Rs. 2,451 lakhs in the same quarter last year
- Quarter total income / revenue from operations
- Total income Rs. 24,713 lakhs; revenue from operations Rs. 1,573 lakhs
- Ample Parks Group divestment
- Rs. 7,652 lakhs
Results snapshot
- The Board approved unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026.
- Deloitte Haskins & Sells LLP issued a limited review report with an unmodified conclusion on both the standalone and consolidated results.
Standalone performance
- Revenue from operations for the quarter was Rs. 1,573 lakhs.
- Total income for the quarter was Rs. 24,713 lakhs.
- Profit after tax for the quarter was Rs. 12,743 lakhs, compared with a loss after tax of Rs. 2,451 lakhs in the same quarter of the previous year.
- For the half year, revenue from operations was Rs. 34,697 lakhs and profit after tax was Rs. 21,756 lakhs.
What the notes explain
- The company completed the divestment of its investments in the Ample Parks Group as part of a strategic portfolio optimisation exercise, for a consideration of Rs. 7,652 lakhs, and recognised a profit on the transaction in the standalone financial statements.
- A provision for cost to completion of Rs. 1,900 lakhs was reversed and disclosed as other income during the quarter, after occupation certificates were received for the relevant projects.
- Revenue is recognised using the Completed Contracts Method under Ind AS 115, so the results for a period are not representative of the current operations of the company.
- The company operates as a single reportable segment, construction and development of real estate projects, and operates only in India.
Consolidated results and auditor scope
- The consolidated statement covers the parent along with its subsidiaries, joint ventures and associates.
- The consolidated review report records reliance on the reports of other auditors for certain subsidiaries and joint ventures, and on results certified by the management for certain entities, with the conclusion not modified in respect of these matters.
How to read this
- The quarter shows a profit after tax where the same quarter last year showed a loss after tax, helped by other income that includes the provision reversal and the gain on the Ample Parks divestment.
- Because revenue is recognised on completion of contracts, revenue and profit can move unevenly between quarters.
- The results are unaudited and have been subjected to a limited review, which is narrower in scope than a full audit.
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 profit after tax, quarter ended 30.09.202612,743 (Rs. in lakhs)
- Standalone total income, quarter ended 30.09.202624,713 (Rs. in lakhs)
- Standalone revenue from operations, quarter ended 30.09.20261,573 (Rs. in lakhs)
- Standalone loss after tax, quarter ended 30.09.2025(2,451) (Rs. in lakhs)
- Standalone profit after tax, half year ended 30.09.202621,756 (Rs. in lakhs)
- Standalone revenue from operations, half year ended 30.09.202634,697 (Rs. in lakhs)
- Consideration for divestment of Ample Parks Group investmentsRs 7,652 lakhs
- Provision for cost to completion reversed to other incomeRs 1,900 lakhs
Source: BSE · 22 Oct 2026
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