Board Meeting Details

The Board of Directors meeting was held on 22 October 2026, commencing at 11:48 a.m. and concluding at 1:50 p.m. The Board approved the unaudited financial results, which were subjected to limited review by the company's statutory auditors, M/s. Deloitte Haskins & Sells LLP.

Key Financial Figures - Standalone (Rs. in lakhs)

Quarter Ended 30 September 2026:

  • Revenue from operations: ₹1,573
  • Other income: ₹23,140
  • Total income: ₹24,713
  • Total expenses: ₹8,236
  • Profit before tax: ₹16,477
  • Profit after tax: ₹12,743
  • Basic EPS: ₹5.97
  • Diluted EPS: ₹5.96

Half Year Ended 30 September 2026:

  • Revenue from operations: ₹34,697
  • Other income: ₹29,712
  • Total income: ₹64,409
  • Total expenses: ₹36,636
  • Profit before tax: ₹27,773
  • Profit after tax: ₹21,756
  • Basic EPS: ₹10.20
  • Diluted EPS: ₹10.18

Key Financial Figures - Consolidated (Rs. in lakhs)

Quarter Ended 30 September 2026:

  • Revenue from operations: ₹3,242
  • Other income: ₹7,160
  • Total income: ₹10,402
  • Total expenses: ₹9,741
  • Profit before tax: ₹4,950
  • Profit after tax: ₹1,634
  • Basic EPS: ₹0.77
  • Diluted EPS: ₹0.76

Half Year Ended 30 September 2026:

  • Revenue from operations: ₹99,455
  • Other income: ₹8,701
  • Total income: ₹108,156
  • Total expenses: ₹97,250
  • Profit before tax: ₹16,050
  • Profit after tax: ₹10,189
  • Basic EPS: ₹4.77
  • Diluted EPS: ₹4.77

Significant Items and Notes

1. ESOP Allotment: 31,000 shares were allotted pursuant to exercise of stock options by eligible employees under ESOS during the quarter and half year ended 30 September 2026.

2. Mahindra Blossom Developers Limited: Incorporated on 2 January 2026 as a wholly owned subsidiary. On 23 March 2026, the company sold 49% of its equity stake to Mitsui Fudosan (Asia) Pte Ltd, classifying it as a joint venture. The company transferred its Alembic undertaking on a slump sale basis to Mahindra Blossom Developers Limited for ₹55,880 lakhs, recognizing a profit of ₹5,565 lakhs in previous year.

3. Labour Codes Impact: The company had estimated an incremental impact on retiral benefits of ₹360 lakhs for the year ended 31 March 2026 due to the new Labour Codes, which was presented under exceptional items.

4. Provision Reversal: The company reversed provisions for cost to completion amounting to ₹1,900 lakhs during the quarter, disclosed as other income.

5. Divestment: The company completed divestment of its investments in the Ample Parks Group as part of strategic portfolio optimization. The transaction was completed for a consideration of ₹7,652 lakhs, recognizing a profit of ₹156 lakhs in the standalone financial statements.

6. Revenue Recognition: The company recognizes revenue using the Completed Contracts Method under Ind AS 115, and as such, the quarterly results are not representative of current operations.

Auditor's Review

The unaudited financial results were subjected to limited review by Deloitte Haskins & Sells LLP, who issued an unmodified review report stating that nothing came to their attention causing them to believe the statements contain material misstatements.

Publication and Availability

The results were published in newspapers in prescribed format and are available on the stock exchange websites (www.nseindia.com, www.bseindia.com) and the company's website at https://www.mahindralifespaces.com/investor-center/financial-reporting/quarterly-results/.

Capital Structure

Paid-up equity share capital (face value of ₹10 each) stood at ₹21,337 lakhs as of 30 September 2026.