Revenue from operations surged 174.48% year-on-year to ₹ 459.16 crore for the quarter ended 31 December 2025.
The company reported a profit before exceptional items and tax of ₹ 32.27 crore in Q3 FY26, compared with a pre-tax loss of ₹ 15.11 crore in the year-ago quarter. An exceptional item of ₹ 25.83 crore was recorded during the quarter under review.
Total expenses increased 117.44% YoY to ₹ 436.81 crore in Q3 FY26.
The company maintained a strong balance sheet and healthy collections, with a net debt-to-equity ratio of -0.12 (cash surplus) as of 31 December 2025.
The company achieved consolidated sales (Residential and IC&IC) of ₹ 707 crore. Gross development value (GDV) additions in Q3 FY26 stood at ₹ 1,010 crore. Residential pre-sales in Q3 FY26 were ₹ 572 crore (saleable area of 0.60 msft and RERA carpet area of 0.45 msft), compared with ₹ 334 crore in Q3 FY25.
On a nine-month basis, the company reported a consolidated net profit of ₹ 208.02 crore in 9M FY26, compared with a net loss of ₹ 23.79 crore in 9M FY25. Revenue from operations jumped 40.12% YoY to ₹ 508.69 crore in 9M FY26.
For the nine-month period, consolidated sales (Residential and IC&IC) stood at ₹ 2,125 crore. GDV additions in 9M FY26 were ₹ 10,560 crore, in addition to ₹ 18,100 crore in FY25. Residential pre-sales in 9M FY26 were ₹ 1,773 crore (saleable area of 2.35 msft and RERA carpet area of 1.76 msft), compared with ₹ 1,749 crore in 9M FY25.
Amit Kumar Sinha, MD & CEO, Mahindra Lifespace Developers, said, 'We are thrilled to announce a strong quarterly result. On the residential side, we had 3 project completions that contributed to our PAT. We have a strong pipeline of residential launches leading into FY27. On the IC&IC side, we are seeing healthy demand for high quality industrial plots in our industrial parks. We launched phase 2A of Origins by Mahindra in Chennai in December 25.'
Mahindra Lifespaces Developers, the real estate arm of the Mahindra Group, has a development footprint of 53.65 million sq. ft across seven cities and over 5,000 acres of industrial clusters. Its portfolio includes premium residences, affordable homes under the Happinest brand, and integrated cities under Mahindra World City and Origins.
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