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Time of India
25-07-2025
- Business
- Time of India
Mahindra Lifespaces posts net profit of ₹51.26 crore in Q1 FY26
NEW DELHI: Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development business of the Mahindra Group , has reported net consolidated profit after tax of ₹51.26 crore during the quarter ended June 30, 2025. It had registered profit after tax of ₹12.74 crore in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company's net consolidated total income stood at ₹40.61 crore in Q1 FY26, a dip of 80.25 per cent from ₹206.70 crore it recorded in the similar quarter last year. Amit Kumar Sinha , managing director & CEO of the company said, 'We started the year well with a successful Rights issue in Q1, that has further improved our Balance sheet. We are continuing BD momentum with GDV additions of Rs 3,500 crore. Our residential sales have been lower as we await certain approvals, however, we have several launches planned in the subsequent quarters. Our IC&IC business has been firing on all cylinders, clocking healthy leasing activity across Jaipur and Chennai.' During the quarter ended June 30, 2025, the company successfully completed a rights issue of 5,81,53,156 equity shares of face value of ₹10 each for a cash price at ₹257 per share, aggregating to ₹1,49,454 lakhs. The funds are being utilised for the repayment of the debt funding acquisition of land parcels and working capital. As on June 30, 2025, the company's net worth stood at ₹3,432.83 crore, debt-equity ratio was 0.19, current liability ratio was 0.94, total debts to total assets was 0.09, operating margin -172.10% and net profit margin was 160.34%. It consolidated sales stood at ₹569 crore, gross development value (GDV) additions in Q1 FY26 were at ₹3,500 crore as against ₹1,400 crore in Q1 FY25. It recorded residential pre-sales of ₹449 crore in Q1 FY26 as compared to ₹1,019 crore in Q1 FY25.
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Business Standard
25-07-2025
- Business
- Business Standard
Mahindra Lifespaces' Q1 FY26 profit grows multiple times to ₹51 crore
Real estate firm Mahindra Lifespace Developers (MLDL) posted a sharp year-on-year (YoY) growth in its profit for the first quarter of the fiscal year 2025 (Q1 FY25), on a low base. The profit stood at Rs 51.24 crore, compared to Rs 12.72 crore in Q1 FY25. However, the company's revenue from operations during the quarter declined by 83 per cent YoY to Rs 31.97 crore. MLDL's total expenses during the quarter also declined sharply, by 59.58 per cent YoY, to Rs 97.03 crore. The company's consolidated sales, including those from residential and integrated cities and industrial clusters (IC&IC) segments, stood at Rs 569 crore. MLDL's purely residential pre-sales in Q1 FY26 were Rs 449 crore, compared to Rs 1,019 crore in Q1 FY25. The decline in pre-sales is attributed to delays in approvals for certain projects. The company added projects with a gross development value (GDV) of Rs 3,500 crore to its portfolio in Q1 FY26, compared to Rs 1,400 crore in Q1 FY25. Amit Kumar Sinha, Managing Director and Chief Executive Officer, Mahindra Lifespace Developers, said, 'We started the year well with a successful rights issue in Q1, which has further improved our balance sheet. We are continuing BD momentum with GDV additions of Rs 3,500 crore. Our residential sales have been lower as we await certain approvals; however, we have several launches planned in the subsequent quarters. Our IC&IC business has been firing on all cylinders, clocking healthy leasing activity across Jaipur and Chennai.' MLDL, the real estate and infrastructure development business of the Mahindra Group, completed a rights issue of Rs 1,500 crore in Q1 FY26. It's a cash-surplus firm with a net debt-to-equity ratio of -0.23 as of June 30, 2025. Sequentially, the company's revenue grew by 246 per cent, while the profit declined by 39.5 per cent. MLDL's shares listed on the Bombay Stock Exchange closed at Rs 368.70 per equity share on Friday (25 July).
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Business Standard
21-07-2025
- Automotive
- Business Standard
Mahindra Industrial Park, Sumitomo Corp sign strategic deal with Osaka govt
In a significant step towards strengthening India–Japan industrial collaboration, Mahindra Industrial Park Chennai Limited (MIPCL), the developer and operator of Origins by Mahindra, along with its 40 per cent stakeholder and marketing arm in Japan, Sumitomo Corporation, has signed a strategic cooperation agreement with Osaka Prefecture and the Osaka Industrial Development Bureau (a public interest incorporated foundation that supports Japanese companies based in Osaka in expanding their footprint in India). This milestone partnership reinforces Mahindra's commitment to facilitating high-quality global investment into India's manufacturing sector and positions Tamil Nadu as a preferred destination for Japanese industry. Through this agreement, MIPCL and Sumitomo Corporation will work closely with public institutions to serve as local facilitators for Osaka-based companies exploring opportunities in India. As part of the collaboration, MIPCL and Sumitomo Corporation will support business visits, provide on-ground consultation, and participate in knowledge-sharing seminars hosted in Osaka. The Osaka authorities, in turn, will identify and recommend companies interested in expanding into India, ensuring necessary permissions are in place to facilitate a streamlined entry process for Japanese manufacturers. India, with its projected GDP growth of 6.3 per cent in FY2025 as forecast by the World Bank, remains a powerful draw for international business. As a rising leader in the Global South, India is increasingly seen as a long-term partner for global supply chains. Chennai, in particular, has become a hub of industrial activity due to its strong port connectivity, ease of access to Southeast Asia, and growing presence of automotive, electronics, and semiconductor companies. Origins by Mahindra, Chennai, already hosts six Japanese clients and offers world-class infrastructure and a stable policy environment. The collaboration in Chennai will further strengthen these efforts by enabling tailored support for businesses evaluating the Indian market. MIPCL, backed by Mahindra Lifespaces' deep knowledge of Indian industry, will play a key role in helping Japanese firms navigate regulatory frameworks, secure land and utilities, and scale up operations with confidence. Amit Kumar Sinha, Managing Director and Chief Executive Officer, Mahindra Lifespace Developers Ltd., said, 'This partnership reflects our vision to build future-ready ecosystems that align with India's manufacturing ambitions. It also underscores our focus on setting new benchmarks through successful Public-Private Partnerships (PPPs), enabling long-term, sustainable industrial progress. The expansion strengthens India's industrial ecosystem and supports economic growth.' Vikram Goel, Chief Business Officer (Industrial), Mahindra Lifespace Developers Ltd., said, 'This engagement with Osaka Prefecture marks a milestone in our efforts to enable global investments into India through our industrial ecosystems. Origins by Mahindra, Chennai, has been developed to meet the needs of international manufacturers, offering operational readiness, regulatory support, and integrated infrastructure. Through this collaboration, we are well-positioned to support the specific requirements of diverse companies while also deepening the socio-economic impact of our industrial cluster in Tamil Nadu.' The agreement underlines the spirit of cooperation and mutual interest shared by all parties. By aligning strategic intent with operational expertise, this partnership marks a new chapter in Mahindra's efforts to attract and enable world-class manufacturing in India.
Business Upturn
18-07-2025
- Automotive
- Business Upturn
Mahindra Lifespaces and Sumitomo ink strategic pact with Osaka to support Japanese businesses in India
By Aditya Bhagchandani Published on July 18, 2025, 17:15 IST Mahindra Lifespace Developers Ltd., through its subsidiary Mahindra Industrial Park Chennai Limited (MIPCL) and its joint venture partner Sumitomo Corporation, signed a Strategic Cooperation Agreement with the Osaka Government and the Osaka Industrial Development Bureau to facilitate the entry of Japanese companies into India. The agreement, announced on Friday, strengthens India–Japan industrial collaboration by positioning Chennai as a hub for Japanese investments, particularly in manufacturing. Key details of the agreement MIPCL, the developer and operator of Origins by Mahindra , together with Sumitomo, will act as facilitators for Osaka-based companies looking to establish operations in India. They will support business visits, consultations, and knowledge-sharing seminars in Osaka, while the Osaka authorities will identify and recommend potential investors from Japan. The collaboration aims to streamline the process for Japanese firms by offering regulatory guidance, on-ground support, and access to world-class infrastructure, ensuring their smooth entry and expansion into India. Comments from Mahindra Lifespaces leadership Amit Kumar Sinha , Managing Director & CEO, said: 'This partnership reflects our vision to build future-ready ecosystems that align with India's manufacturing ambitions. It underscores our focus on setting new benchmarks through successful Public-Private Partnerships (PPPs), enabling sustainable industrial progress.' Vikram Goel, Chief Business Officer (Industrial), added: 'Our engagement with Osaka marks a milestone in enabling global investments through our industrial ecosystems. 'Origins by Mahindra' is tailored for international manufacturers, offering operational readiness, regulatory support, and integrated infrastructure.' Why Chennai? India's projected GDP growth of 6.3% in FY25, coupled with Chennai's strong port connectivity and industrial ecosystem, make it an attractive destination for Japanese companies. Origins by Mahindra in Chennai already hosts six Japanese clients and spans approximately 600 acres. About the stakeholders Origins by Mahindra, Chennai : A joint venture between Mahindra World City Developers (a PPP with Tamil Nadu Industrial Development Corporation) and Sumitomo Corporation. The cluster is IGBC Platinum pre-certified and strategically located on NH-16, part of the Golden Quadrilateral. Mahindra Group: A multinational federation of companies with a presence in over 100 countries, focused on ESG leadership, rural prosperity, and urban living. This collaboration is expected to deepen India-Japan economic ties, enhance Tamil Nadu's role in global supply chains, and contribute to India's industrial growth story. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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Business Standard
30-06-2025
- Business
- Business Standard
Mahindra Lifespace buys 9-acre land parcel in Bengaluru for ₹199 crore
Realty firm Mahindra Lifespace Developers Ltd has acquired around 9-acre land in Bengaluru for nearly ₹200 crore to develop a housing project. The company has acquired Shreyas Stones Pvt Ltd (SSPL), which owns 8.79-acre land parcel in Bengaluru. In a statement on Monday, Mahindra Lifespace Developers said it has "signed a Share Purchase Agreement (SPA) with SSPL, whereby the shareholders of SSPL have agreed to sell their entire stake (100 per cent of the equity shares)." The company will acquire 10,000 equity shares, having face value of ₹10 each, for ₹199 crore. "This acquisition unlocks a premium development opportunity with an estimated Gross Development Value (GDV) of ₹1,100 crore," the company said. Amit Kumar Sinha, managing director & CEO, Mahindra Lifespace Developers said, "This acquisition marks a key milestone in strengthening our presence in North Bengaluru, one of the city's most promising real estate corridors." With this parcel adjoining an existing land, he said the company now has an opportunity to create a unified, high-quality premium development with a combined GDV potential of approximately ₹2,100 crore. SSPL owns around 8.79 acres of land at Navaratna Agrahara Village in North Bengaluru. Mahindra Lifespace has been acquiring land aggressively in the past few years to expand its business amid strong demand for residential properties. The company's development footprint spans 47.56 million sq ft (saleable area) of completed, ongoing and forthcoming residential projects across seven Indian cities. It also has over 5,000 acres of ongoing and forthcoming projects under development / management at its integrated developments / industrial clusters across four locations. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
