Summary of Key Information:
Reporting Period: First quarter ended 30 June 2026
Nature of Filing / Announcement: Unaudited Standalone and Consolidated Financial Results
Audit Opinion:
Unmodified Limited Review Report by Deloitte Haskins & Sells LLP
Key Financial Highlights [₹ lakhs]:
Consolidated Results:
Quarter Ended 30.06.2026 (Unaudited):
- Revenue from Operations: Not separately specified in detailed breakdown
- Total Income: ₹97,754
- EBITDA: Not separately disclosed
- Net Profit: ₹8,555
- EPS: Basic ₹4.01, Diluted ₹4.00
- Other Equity: ₹3,41,353 (as at balance sheet date)
- Cash and Cash Equivalents: Not specified
- Debt: Not specified
Quarter Ended 30.06.2025 (Unaudited) Comparison:
- Total Income: ₹4,061 (YoY improvement)
- Net Profit: ₹5,126 (YoY improvement)
- EPS: Basic ₹2.93, Diluted ₹2.93
Year Ended 31.03.2026 (Audited):
- Total Income: ₹1,26,596
- Net Profit: ₹29,817
- EPS: Basic ₹14.64, Diluted ₹14.61
Standalone Results:
Quarter Ended 30.06.2026 (Unaudited):
- Revenue from Operations: ₹33,124
- Other Income: ₹6,572
- Total Income: ₹39,696
- Net Profit: ₹9,013
- EPS: Basic ₹4.22, Diluted ₹4.22
- Other Equity: Not specified for current quarter
Quarter Ended 30.06.2025 (Unaudited) Comparison:
- Total Income: ₹5,852 (significant YoY improvement)
- Net Profit: Loss of ₹3,382 (significant YoY improvement to profit)
Year Ended 31.03.2026 (Audited):
- Total Income: ₹1,17,766
- Net Profit: ₹7,210
- Other Equity: ₹2,84,756
Segment-wise Performance:
The Chief Operating Decision Maker monitors construction and development of real estate projects as a single operating segment. The company operates only in India. No additional segment disclosures provided under Ind AS 108.
Corporate Actions:
- Mahindra Homes Acquisition: On 28th November 2025, the company acquired remaining 25.65% equity stake in Mahindra Homes Private Ltd, increasing shareholding to 100% and obtaining control. Accounted as step acquisition with gain of ₹3,076 lakhs recognized as exceptional item.
- Mahindra Blossom Developers Restructuring: Incorporated on 2nd January 2026 as wholly owned subsidiary. On 23rd March 2026, sold 49% equity stake to Mitsui Fudosan (Asia) Pte Ltd, classifying it as joint venture. Transferred Alembic undertaking on slump sale basis for ₹55,880 lakhs, recognizing profit of ₹8,565 lakhs in previous quarter/year.
Other Significant Information:
- Revenue Recognition: Company uses Completed Contracts Method under Ind AS 115, so quarterly revenue does not consider progress on projects in hand.
- Consolidation Entities: Includes 27 entities - 14 subsidiaries, 8 joint ventures, and 5 associates. Key subsidiaries include Mahindra Infrastructure Developers, Mahindra World City (Maharashtra), Knowledge Township, Mahindra Bloomdale Developers, and others.
- Exceptional Items: Consolidated results include ₹493 lakhs impact from Labour Codes implementation and ₹3,076 lakhs gain from Mahindra Homes acquisition.
- EPS Calculation: Basic and diluted EPS for all periods except year ended 31.03.2026 are not annualized.