Mahindra Lifespace Developers Limited has informed the Exchange regarding 'In compliance with Regulation 34(2)(f) of the SEBI Listing Regulations, please find enclosed Business Responsibility and Sustainability Report for the financial year ended 31 March 2025'.
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Mahindra Lifespace Developers has submitted its Business Responsibility and Sustainability Report (BRSR) for FY 2024-25, filed as part of its Integrated Annual Report under SEBI's Regulation 34(2)(f). The company posted its highest-ever Gross Development Value (GDV) of ₹18,100 crore, a fourfold jump from ₹4,400 crore in FY 2023-24, driven by land acquisitions in Mumbai, Pune, and Bengaluru. Residential pre-sales grew 20.4% to ₹2,804 crore, and Profit After Tax came in at ₹61.3 crore. Consolidated operating cash flow rose 30% to ₹832 crore, with net debt-to-equity stable at 0.39. The Integrated Cities and Industrial Clusters (IC&IC) business leased 85.1 acres, generating ₹495 crore in revenue, and the company reiterated its 5X growth ambition targeting ₹10,000 crore in annual pre-sales over five years, supported by an ongoing ₹1,500 crore rights issue.
This is largely a regulatory compliance filing, but the strong GDV growth, improved cash flows, and 100% green-certified portfolio are positive signals for long-term investors. The ongoing ₹1,500 crore rights issue may lead to near-term dilution, though the capital raise is aimed at reducing debt and funding expansion.