Integrated Filing — IndAS



General information about company

Scrip Code 532313
NSE Symbol MAHLIFE
MSEI Symbol NOTLISTED
ISIN INE813A01018
Name of company MAHINDRA LIFESPACE DEVELOPERS LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 02-02-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 29-12-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Third quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment Projects, project management and development
Start date and time of board meeting 02-02-2026   12:00:00
End date and time of board meeting 02-02-2026   14:30:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 45,916.00 50,869.00
Other income 992.00 3,406.00
Total income 46,908.00 54,275.00
2 Expenses
(a) Cost of materials consumed 84,089.00 1,52,206.00
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (48,236.00) (1,12,089.00)
(d) Employee benefit expense 3,200.00 9,029.00
(e) Finance costs 177.00 757.00
(f) Depreciation, depletion and amortisation expense 567.00 1,827.00
(f) Other Expenses
1 Operating Expenses 1,258.00 1,346.00
2 Other Expenses 2,626.00 8,147.00
Total other expenses 3,884.00 9,493.00
Total expenses 43,681.00 61,223.00
3 Total profit before exceptional items and tax 3,227.00 (6,948.00)
4 Exceptional items 2,583.05 2,583.05
5 Total profit before tax 5,810.05 (4,364.95)
6 Tax expense
7 Current tax 392.00 1,984.00
8 Deferred tax 1,664.00 (611.00)
9 Total tax expenses 2,056.00 1,373.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 3,754.05 (5,737.95)
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 7,134.00 26,543.00
16 Total profit (loss) for period 10,888.05 20,805.05
17 Other comprehensive income net of taxes 0.00 0.00
18 Total Comprehensive Income for the period 10,888.05 20,805.05
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 10,888.00 20,802.00
Total profit or loss, attributable to non-controlling interests 0.00 3.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 10,888.00 20,802.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.00 3.00
21 Details of equity share capital
Paid-up equity share capital 21,331.00 21,331.00
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 5.43 10.37
Diluted earnings (loss) per share from continuing operations 5.42 10.35
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 5.43 10.37
Diluted earnings (loss) per share from continuing and discontinued operations 5.42 10.35
24 Debt equity ratio 0.1900 0.1900
25 Debt service coverage ratio 0.0600 -0.0600
26 Interest service coverage ratio 3.2200 -0.7900
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1 The above results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors of the Parent company at their respective meeting held on 2nd February 2026. The unaudited consolidated financial results for the quarter and nine month ended 31st December 2025 have been subjected to limited review by the statutory auditors. 2 These results include the result of subsidiaries viz. i Mahindra Infrastructure Developers Ltd ii Mahindra World City Maharashtra Ltd iii Knowledge Township Ltd iv Mahindra Bloomdale Developers Ltd v Industrial Township Maharashtra Ltd vi Anthurium Developers Ltd vii Mahindra Water Utilities Ltd viii Deepmangal Developers Private Ltd ix Moonshine Construction Private Ltd x Rathna Bhoomi Enterprises Private Ltd xi Shreyas Stones Private Ltd wef 27th June 2025 xii Mahindra Homes Private Ltd wef 28th November 2025 consolidated using line by line consolidation method under Ind AS. These results also include the result of joint venture entities and associates viz. i Mahindra World City Developers Ltd ii Mahindra World City Jaipur Ltd iii Mahindra Industrial Park Private Ltd iv Mahindra Industrial Park Chennai Ltd v Mahindra Homes Private Ltd till 28th November 2025 vi Mahindra Happinest Developers Ltd vii Mahindra Knowledge Park Mohali Ltd viii Mahindra Inframan Water Utilities Private Ltd ix Ample Parks and Logistics Private Ltd x Ample Parks Project 1 Private Ltd xi Ample Parks Project 2 Private Ltd xii Ample Parks MMR Private Limited xiii Mahindra Construction Company Ltd consolidated as per equity accounting under Ind AS 28. 3 The consolidated financial results of the Company have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards 34 Interim Financial Reporting Ind AS 34 as prescribed under Section 133 of the Companies Act 2013 read with the relevant rules issued thereunder and the other accounting principles generally accepted in India. 4 Pursuant to exercise of stock options by eligible employees under ESOS 63037 shares and 36055 shares were alloted for the nine months ended 31st December 2025 and quarter ended 31st December 2025 respectively. 5 On 21st November 2025 the Government of India notified the four Labour Codes the Code on Wages 2019 the Industrial Relations Code 2020 the Code on Social Security 2020 and the Occupational Safety Health and Working Conditions Code 2020 collectively new Labour Codes consolidating 29 existing labour laws. In accordance with the new Labour Codes the Group has currently estimated the incremental impact on retiral benefits to be Rs 493 lakhs. Considering regulatory driven and non recurring nature of this impact this has been presented under Exceptional Items in the consolidated financial results. The Group continues to monitor developments on the Rules to be notified by regulatory authorities including clarifications additional guidance from authorities and will continue to assess the accounting implications basis such developments guidance. 6 During the period the Company acquired the remaining 25.65 percent equity stake economic interest 50 percent in Mahindra Homes Private Ltd increasing its total shareholding to 100 percent and thereby obtaining control effective 28th November 2025. Accordingly the entity has become a wholly owned Subsidiary of the Company. The transaction has been accounted for as a step acquisition in accordance with Ind AS 103 by remeasuring the previously held interest at fair value resulting in a gain of Rs. 3076 lakhs recognised in the Consolidated Statement of Profit and Loss as exceptional item. 7 Mahindra Blossom Developers Limited MBLDL has been incorporated on 2nd January 2026 as a wholly owned subsidiary of the Company. 8 During the nine months ended 31st December 2025 the Company successfully completed a rights issue of 58163456 equity shares of face value of Rs 10 each for a cash price at Rs 257 per share aggregating to Rs 149480 lakhs. The funds are being utilised for the repayment of the debt funding acquisition of land parcels and working capital. 9 Earnings per share for the comparative periods have been retrospectively adjusted for effect of rights issue during the quarter and nine months ended 31st December 2025. 10 During the nine months ended 31st December 2025 Mahindra Industrial Park Private Limited MIPPL modified the terms of non convertible debentures NCDs issued by MIPPL which resulted in a exceptional gain of Rs 2452 lakhs net of tax and the same is recognised in the Share of profit of joint ventures and associates. 11 During the nine months ended 31st December 2025 Mahindra World City Jaipur Limited MWCJL redeemed its non convertible debentures NCDs at a mutually agreed price. The resultant exceptional gain on such redemption of the instrument is of Rs 1866 lakhs net of tax and recognised in the Share of profit of joint ventures and associates. 12 The Group is a real estate Company engaged in construction and development of real estate projects and the revenue is recognized using Completed Contracts Method under Ind AS 115 and as such the results for the quarter and nine months ended 31st December 2025 are not representative of the current operations. 13 The Chief Operating Decision Maker monitors and reviews the performance of the operating segment ie construction and development of real estate projects as a single operating segment. Considering that there is only one reportable segment there are no additional disclosures to be provided under Ind AS 108 Segment information.The Group operates only in India. 14 The Standalone Financial results for the quarter and nine months ended 31st December 2025 are summarized below and detailed financial report is also available on the Stock Exchange website www.nseindia.com www.bseindia.com and Companys website www.mahindralifespaces.com 15 Previous period year figures have been regrouped wherever found necessary to conform to current period year classification.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-10-2025 01-04-2025
Date of end of reporting period 31-12-2025 31-12-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss 0.00 0.00
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 0.00 0.00





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Unaudited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Ms Deloitte Haskins and sells LLP Yes 31-07-2027