Mahindra Lifespace Developers Limited has informed the Exchange about Transcript of Earnings Call
MAHLIFE · price
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Awaiting price reaction for this filing.
Mahindra Lifespace shared the transcript of its Q1 FY26 earnings call held on July 28, 2025. Q1 pre-sales stood at Rs 449 crore, lower YoY due to fewer launches, while the Industrial Clusters (IC) business posted Rs 120 crore revenue (up ~16% YoY). The company added Rs 3,500 crore of Gross Development Value (GDV) in the quarter, taking the cumulative land bank to Rs 41,000 crore. PAT jumped nearly 4x to Rs 51 crore versus Rs 13 crore last year. The recently concluded Rs 1,500 crore Rights Issue was used to virtually eliminate long-term debt, with net debt-to-equity now negative at -0.23 and average cost of debt reduced to 8.12%. Management reiterated the Rs 10,000 crore revenue aspiration by FY30 (28% CAGR) and discussed an internal stretch target of Rs 4,500–5,000 crore for FY27.
Shareholders should view this positively — debt-free status, strong cash balance of Rs 747 crore, and a robust Rs 7,000–8,000 crore launch pipeline position the company well for growth. However, near-term sales momentum remains constrained by EC/NGT approval delays in Mumbai, which could keep pre-sales uneven until the issue resolves.