loader2
Login Open ICICI 3-in-1 Account
  • Text Size
  • Text to Speech
  • Color Contrast
  • Pause Animations

Open ICICI
3-in-1 Account

Manage your Savings, Demat and Trading Account conveniently at one place

+91

BLOG

Mahindra Lifespace Developers reported healthy residential pre-sales of ₹ 1063 crore

ICICIdirect Research 23 Oct 2026 DISCLAIMER

News: Mahindra Lifespace Developers reported healthy residential pre-sales of ₹ 1063 crore (up 41% YoY, 15% QoQ) and IC&IC sales of ₹ 72 crore (down 27% YoY, +76% QoQ) for Q2FY27. Resi-presales driven by the launch of Beacon Hill in MMR and Citadel Phase 3, in Pune. Additionally, sustenance sales contributed 41% from Blossom, Vista, Rainforest, Marina 64 and Ivy Lush. Consolidated revenues stood at ₹ 32.4 crore for Q2FY27 as against ₹ 17.6 crore/ ₹ 962 crore in Q2FY26/ Q1FY27. Consequently, it reported EBITDA loss of ₹ 55 crore vs EBITDA Profit (loss) of (₹53)/ ₹ 94.5 crore in Q2FY26/Q1FY27. Company has significant other income of ₹ 72 crore, consequently consolidated PAT stood at ₹ 16.34 crore, down 66% YoY. Company secured business worth ₹ 1500/₹ 7100 crore during Q2FY27/H1FY27 (₹1700 /₹ 5200 crore in Q2FY26/H1FY26). Collections stood at ₹ 625 crore (₹ 517 crore Q2FY26) net debt to equity ratio at (0.28x).

View: Healthy performance in H1FY27 led by both project launches and sustenance sales, despite geopolitical uncertainties showcases resilient demand for the company's differentiated product offering. Mahindra Lifespace developers have planned launches of Saibaba Phase 1, Navrat Phase 1 and West Era having estimated GDV of ~₹ 5,000 crore in H2FY27E. This along with unsold inventory from launched projects worth ₹ 6950 crore provide confidence that Mahindra Life will be able to achieve its presales guidance of ₹4,500-₹ 5,000 crore in FY27E. The drop in IC&IC business was due to delay in finalisation, however the company is confident of converting pipeline into sales in H2FY27E.

Impact: Positive

Download
ICICI Direct app

Invest, Track, and Manage your Portfolio Anytime, Anywhere

Download
ICICI Direct app

Invest, Track, and Manage your Portfolio Anytime, Anywhere