Mahindra Lifespace Developers Limited – Investor Presentation Summary

Key Operational Highlights

  • H1 FY27 Residential pre-sales: ₹1,988 Cr (66% YoY growth)
  • Area sold: 1.30 msft in Residential, 38.9 acres leased in IC&IC
  • Successful launches of Rainforest (MMR), BeaconHill (MMR), and Citadel Phase 3 (Pune) in Q1 FY27
  • Sustenance sales contributed ~41% of total sales (Vista, Blossom, Marina 64, IvyLush)
  • RERA received for Mahalunge Phase 1 (Pune) and Lakewoods F&G (Chennai)
  • Occupancy Certificates (OCs) received in H1: Eden Phase 2, Luminare, Palghar 2.1.8
  • Expanded contractor base with Tier 1 contractors

Segment-wise Performance

| Segment | H1 FY27 Sales/Revenues (₹ Cr) | H1 FY26 Sales/Revenues (₹ Cr) | Growth |

| Residential | 1,988 | 1,200 | 66% |

| IC&IC | 113 | 219 | -48% |

| Total | 2,101 | 1,419 | 48% |

Explanation of significant changes in segment performance: Strong growth in Residential segment driven by successful project launches and sustained sales from existing projects. IC&IC revenues declined due to different phasing of land leasing activities.

Financial Highlights

Revenue: ₹1177 Cr (Income from Operations H1 FY27)

EBITDA: ₹139 Cr (excl. Other Income H1 FY27)

PAT: ₹102 Cr (after Non-Controlling Interest H1 FY27)

Margins: Not explicitly disclosed in percentage terms

YoY comparison: PAT improved from ₹99 Cr in H1 FY26 to ₹102 Cr in H1 FY27

Drivers of financial performance: Higher residential sales growth, operational efficiencies, and strong project execution

Comparison to market estimates: Not specified

Key Risks: Not explicitly disclosed in the presentation

Geographical Revenue Split

Domestic vs Export/Regional Revenue: Not explicitly broken down in the presentation

Regional Breakdown: Operations focused in MMR, Pune, and Bengaluru markets

Balance Sheet Snapshot

Net Debt/Equity: -0.28 (negative, indicating net cash position)

Reserves: Not explicitly stated

Current Assets: ₹7,002 Cr (30 Sep 2026)

Current Liabilities: ₹4,769 Cr (30 Sep 2026)

Working Capital/Leverage Metrics: Cost of debt: 7.55%

Financial Health Insights: Robust balance sheet with net cash position, strong liquidity

Capex & Cash Flow Health

Capital Expenditure: Not explicitly stated

Free Cash Flow: Not explicitly stated

Operating Cash Flow: ₹+341 Cr (H1 FY27)

Net Debt Movement: Improved from net debt-equity of -0.17 in H1 FY26 to -0.28 in H1 FY27

Investment Rationale: Focus on land acquisition for future growth, capacity expansion

Strategic & R&D Initiatives

Investments in Innovation: Sustainability-led themes, customer-centric innovation (usable space, large decks), superior designs with highest PSI

Expected impact on growth: Driving towards 10K Cr sales target and 50K Cr GDV addition ambition

Strategic Rationale: Depth in 3 core markets (MMR, Pune, Bengaluru), focus on Premium/mid-premium segments, exit from affordable segment

Industry Trends & Business Environment

Macro/Industry Trends: Not explicitly discussed in detail

Impact on Company: The company is leveraging PLI, local manufacturing and China+1 themes in IC&IC business

Management Commentary & Growth Outlook

Strategic Outlook: Executing on well-defined strategy to drive profitable growth to 8K-10K Cr sales with GDV addition of 50K Cr

FY Guidance: Targeting 10K Cr sales by FY30, scaling business 5X

Market Share Targets: Not explicitly stated

Risks and Opportunities: Not explicitly highlighted beyond the standard disclaimer

ESG Updates

  • CDP A rating
  • Industry-first 3 Net zero projects
  • 5-Star GRESB Rating with score of 98.8/100
  • #1 Rank Residential – Asia
  • #1 Rank Residential – Listed
  • #1 Rank Asia – Listed
  • #1 Rank Asia for Public Disclosure (6th consecutive year)
  • Mahindra World City Chennai received Decarbonisation Excellence award

Digital Transformation

Not specifically detailed in the presentation