Mahindra Lifespace Developers pre-sales rise 66% to nearly Rs 2,000 cr
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Mahindra Lifespace Developers Ltd has seen impressive financial growth, with sales bookings skyrocketing by 66% to reach Rs 1,988 crore this year. The second quarter alone saw bookings rise to Rs 1,063 crore from Rs 752 crore in the previous year. While tax expenses increased, net profit for the September quarter stood at Rs 16.34 crore, and total income surged to Rs 104.
Realty firm Mahindra Lifespace Developers Ltd's sales bookings rose 66 per cent to Rs 1,988 crore in the first half of this fiscal year on better housing demand.Its sales bookings or pre-sales stood at Rs 1,200 crore in the year-ago period. In an investor presentation, the company said its sales bookings rose to Rs 1,063 crore during the second quarter of this fiscal year from Rs 752 crore in the corresponding period of the preceding year.
During the last fiscal year, Mahindra Lifespace sales increased to Rs 3,405 crore from Rs 2,804 crore in the 2024-25 fiscal.
Recently, Mahindra Lifespace reported a 66 per cent decline in consolidated net profit at Rs 16.34 crore for the quarter ended September 2026, mainly due to higher tax expense.
Its net profit stood at Rs 47.91 crore in the year-ago period.
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Total income rose to Rs 104.02 crore in the reporting quarter from Rs 33.06 crore a year ago.
The company's tax outgo stood at around Rs 33 crore in the September quarter as against about Rs 3 crore in the year-ago period.
During the first six months of this fiscal year, net profit rose to Rs 101.89 crore from Rs 99.17 crore in the year-ago period. Total income jumped to Rs 1,081.56 crore from Rs 73.67 crore.
Mahindra Lifespace is one of the leading real estate developers in the country. It has a portfolio of 56 million sq ft.
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Figures reflect the source report and its stated period. This article is for information and is not investment advice.
