Mahindra Lifespace Files FY26 Integrated Annual Report and BRSR with Stock Exchanges
Regulatory Filing Details
Mahindra Lifespace Developers Limited filed its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26 with the stock exchanges on June 30, 2026, in compliance with Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The BRSR forms part of the Company's 5th Integrated Annual Report for the financial year from April 1, 2025 to March 31, 2026.
Financial Performance
Consolidated sales grew 25% to ₹4,118 Cr with a ~5x rise in consolidated profit after tax to ₹298 Cr. Residential pre-sales grew 21.4% to ₹3,405 Cr while industrial clusters and commercial (IC&IC) revenues rose 44.04% to ₹713 Cr.
The company maintained a healthy balance sheet with a net debt-to-equity ratio of -0.27, indicating a cash-surplus position as of March 31, 2026. Consolidated operating cash flow was ₹840 Cr and GDV additions stood at ₹18,060 Cr.
Business Development and Partnerships
Strong demand for residential projects drove the company's success, including successful launches such as Blossom, Marina64, and NewHaven. The company concluded a key strategic partnership with Mitsui Fudosan in March 2026.
A key driver for the year was substantial GDV additions of ₹18,060 crore, which included a ₹7,500 crore unlocking at Thane. The Company added projects with an estimated Gross Development Value of ₹18,060 Cr during FY 2025-26, taking the cumulative GDV pipeline to approximately ₹45,180 Cr.
Industrial and IT Cluster Growth
The IC&IC business continued to gain momentum, supported by India's emergence as a global manufacturing hub. Key transactions were completed with global leaders such as Yoshida Kogyo Kabushikigaisha (YKK) and NMB MinebeaMitsumi. The Company unlocked an additional 100 acres in Origins by Mahindra, Chennai, achieving sales of 60 acres within three months.
Shareholder Returns and Governance
The Board of Directors recommended a final dividend of ₹3.50 per equity share of face value ₹10 each (35% on face value) for FY 2025-26, subject to shareholder approval at the 27th Annual General Meeting scheduled for July 23, 2026.
Organizational Performance
The Company's total permanent employee base stood at 764 as on 31 March 2026, with women comprising approximately 28% of full-time associates. Total CSR spend for FY 2025-26 across subsidiaries aggregated ₹524.14 Lakhs, benefiting over 1,00,000 beneficiaries.
About Mahindra Lifespace Developers
Mahindra Lifespace Developers Limited is the listed real-estate arm of the Mahindra Group, incorporated in 1994 and headquartered in Worli, Mumbai, with a market capitalisation that crossed Rs 8,400 Crore in March 2026. The promoter Mahindra Holdings Limited holds 51.18 percent of the equity.
The company operates two distinct business lines: residential real-estate under the Mahindra Lifespaces brand and integrated industrial and IT townships under the Mahindra World City brand. Mahindra Lifespaces has delivered approximately 25 million square feet of residential space across its operating markets over its operating history, with the largest concentration in Mumbai and Pune.