MLMahindra Lifespace Developers532313Quarterly results

Q2 FY27 results: standalone profit after tax Rs 12,743 lakhs, other income Rs 23,140 lakhs

Board approved Q2 and H1 FY27 results on 22 October 2026.

By ScoutQuest · Thu 22 Oct 2026, 2:07 PM IST · 2 min read

Standalone profit after tax for the quarter

Rs 12,743 lakhs

Total income

Rs 24,713 lakhs, of which other income Rs 23,140 lakhs

Revenue from operations

Rs 1,573 lakhs

Standalone quarterly numbers

• Revenue from operations: Rs 1,573 lakhs
• Other income: Rs 23,140 lakhs
• Total income: Rs 24,713 lakhs
• Total expenses: Rs 8,236 lakhs
• Profit before exceptional items and tax: Rs 16,477 lakhs
• Profit after tax: Rs 12,743 lakhs
• Basic and diluted earnings per share: Rs 5.97 and Rs 5.96

In the same quarter a year earlier, total income was Rs 5,707 lakhs and profit after tax was a loss of Rs 2,451 lakhs. For the half year ended 30 September 2026, profit after tax was Rs 21,756 lakhs against a loss of Rs 5,833 lakhs in the corresponding half year.

Where the income came from

Total income of Rs 24,713 lakhs for the quarter is far above revenue from operations of Rs 1,573 lakhs. For the half year, the cash flow statement shows dividend income of Rs 20,915 lakhs and interest income of Rs 6,414 lakhs. The company recognises revenue using the Completed Contracts Method under Ind AS 115 and states that the results for the quarter and half year are not representative of the current operations.

Balance sheet and cash at 30 September 2026

• Total assets: Rs 7,57,516 lakhs, against Rs 6,92,120 lakhs as at 31 March 2026
• Total equity: Rs 3,20,914 lakhs
• Inventories: Rs 4,34,625 lakhs
• Current borrowings: Rs 62,518 lakhs
• Cash and cash equivalents: Rs 3,962 lakhs
• Net cash used in operating activities for the half year: Rs 10,426 lakhs

What the notes add

• 31,000 shares were allotted to eligible employees under ESOS during the quarter and half year.
• A provision for cost to completion of Rs 1,900 lakhs was reversed during the quarter and disclosed as other income.
• The company completed the divestment of its investments in the Ample Parks Group for a consideration of Rs 7,652 lakhs and recognised a profit of Rs 156 lakhs.
• Mahindra Blossom Developers Ltd was incorporated on 2 January 2026 as a wholly owned subsidiary; 49% of its equity was sold to Mitsui Fudosan (Asia) Pte Ltd, making it a joint venture, and an Alembic undertaking was transferred to it on a slump sale basis for Rs 55,880 lakhs, with a profit of Rs 8,565 lakhs shown under Other Income in the previous year.
• The new Labour Codes were estimated to have an incremental impact of Rs 360 lakhs on retiral benefits for the year ended 31 March 2026, presented under Exceptional Items.

Auditor and business scope

Deloitte Haskins & Sells LLP issued limited review reports on both the standalone and consolidated results, with an unmodified conclusion. The company reports a single operating segment, construction and development of real estate projects, and operates only in India.

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