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-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	25-Apr-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	22-Apr-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
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	Audited
Segment Reporting	Single segment
Description of single segment	Projects, project management and development
Start date and time of board meeting	25-Apr-2025   16:00:00
End date and time of board meeting	25-Apr-2025   18:00:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2025-01-31
Indicate Company website link for updated RPT policy of the Company	https://mldlprodstorage.blob.core.windows.net/live/2025/02/Policy-on-Materiality-of-and-on-dealing-with-Related-Party-Transactions.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No
There is no default on loans ad debt securities

Financial Results Ind-AS
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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Unaudited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	36900000	3493200000
	Other income	1006200000	2832700000
	Total income	1043100000	6325900000
2	Expenses
(a)	Cost of materials consumed	2694400000	8944300000
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	-2707800000	-5954000000
(d)	Employee benefit expense	242400000	1035000000
(e)	Finance costs	105800000	278400000
(f)	Depreciation, depletion and amortisation expense	54500000	175900000
(f)	Other Expenses
1	Operating Expenses	0	167700000
2	Other Expenses	359600000	1063900000
	Total other expenses	359600000	1231600000
	Total expenses	748900000	5711200000
3	Total profit before exceptional items and tax	294200000	614700000
4	Exceptional items	0	0
5	Total profit before tax	294200000	614700000
6	Tax expense
7	Current tax	0	0
8	Deferred tax	14600000	101200000
9	Total tax expenses	14600000	101200000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	279600000	513500000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	279600000	513500000
17	Other comprehensive income net of taxes	-4300000	-4300000
18	Total Comprehensive Income for the period	275300000	509200000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	1550900000	1550900000
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve		14010400000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	1.8	3.31
	Diluted earnings (loss) per share from continuing operations	1.8	3.31
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	1.8	3.31
	Diluted earnings (loss) per share from continuing and discontinued operations	1.8	3.31
24	Debt equity ratio	0.0092	0.0092
25	Debt service coverage ratio	0.0008	0.0017
26	Interest service coverage ratio	0.0142	0.0102
27	Disclosure of notes on financial results		1.The above results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective meetings held on 25th April, 2025. The standalone financial results for the quarter ended 31st March, 2025 have been subjected to limited review and standalone financial results for the year ended 31st March, 2025 have been audited by the statutory auditors. n2.The figures for the quarter ended 31st March, 2025 and 31st March, 2024 are the balancing figures between the audited figures in respect of the full financial year and the published year to date figures upto the third quarter. n3.The standalone 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. n4.Pursuant to exercise of stock options by eligible employees under ESOS 77,794 shares and 1,742 shares were alloted for the year ended 31st March 2025 and quarter ended 31st March 2025 respectively. n5.The financial results for the year ended 31st March, 2024 includes exceptional item of Rs 2,291 lakhs pertaining to reversal of impairment loss on the carrrying value of investment held in the joint venture Company, Mahindra Homes Private Limited. n6.The Company is a real estate Company engaged in construction & the revenue is recognized using Completed Contracts Method under Ind AS 115 as such the results for the quarter or year ended 31st March 2025 are not representative of the current operations. n7.From the current quarter, considering similar and interconnected nature of the services and products and associated risk and returns, the Chief Operating Decision Maker has started allocating resource and assessing the performance of the operating segment i.e construction and development of real estate projects as a single operating segment, which has resulted in change in segment disclosure compared to earlier period year. nConsidering that there is only one reportable segment, there are no additional disclosures to be provided under Ind AS 108 Segment information, other than to the extent already provided in these financial results. n8.The Board has recommended a dividend of Rs. 2.80 per share on equity share of Rs. 10 each 28 percentage subject to approval of members of the Company at the forthcoming annual general meeting. n9.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

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	247200000
	Capital work-in-progress	47900000
	Investment property	0
	Goodwill	0
	Other intangible assets	4900000
	Intangible assets under development	0
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	5553500000
	Trade receivables, non-current	0
	Loans, non-current	5990500000
	Other non-current financial assets	312700000
	Total non-current financial assets	11856700000
	Deferred tax assets (net)	787200000
	Other non-current assets	815900000
	Total non-current assets	13759800000
2	Current assets
	Inventories	37949300000
	Current financial asset
	Current investments	500800000
	Trade receivables, current	1262600000
	Cash and cash equivalents	2337200000
	Bank balance other than cash and cash equivalents	151600000
	Loans, current	0
	Other current financial assets	258200000
	Total current financial assets	4510400000
	Current tax assets (net)	0
	Other current assets	2047300000
	Total current assets	44507000000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	58266800000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	1550900000
	Other equity	14010400000
	Total equity attributable to owners of parent	15561300000
	Non controlling interest
	Total equity	15561300000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	9176600000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	55600000
	Total non-current financial liabilities	9232200000
	Provisions, non-current	80800000
	Deferred tax liabilities (net)
	Deferred government grants, Non-current
	Other non-current liabilities
	Total non-current liabilities	9313000000
	Current liabilities
	Current financial liabilities
	Borrowings, current	5138300000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	302100000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	1762500000
	Total Trade payable	2064600000
	Other current financial liabilities	2576100000
	Total current financial liabilities	9779000000
	Other current liabilities	23551800000
	Provisions, current	61700000
	Current tax liabilities (Net)
	Deferred government grants, Current
	Total current liabilities	33392500000
3	Liabilities directly associated with assets in disposal group classified as held for sale
4	Regulatory deferral account credit balances and related deferred tax liability
	Total liabilities	42705500000
	Total equity and liabilites	58266800000
	Disclosure of notes on assets and liabilities	Textual Information(1)

Text Block

Textual Information(1)

1.The above results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective meetings held on 25th April, 2025. The standalone financial results for the quarter ended 31st March, 2025 have been subjected to limited review and standalone financial results for the year ended 31st March, 2025 have been audited by the statutory auditors. n2.The figures for the quarter ended 31st March, 2025 and 31st March, 2024 are the balancing figures between the audited figures in respect of the full financial year and the published year to date figures upto the third quarter. n3.The standalone 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. n4.Pursuant to exercise of stock options by eligible employees under ESOS 77,794 shares and 1,742 shares were alloted for the year ended 31st March 2025 and quarter ended 31st March 2025 respectively. n5.The financial results for the year ended 31st March, 2024 includes exceptional item of Rs 2,291 lakhs pertaining to reversal of impairment loss on the carrrying value of investment held in the joint venture Company, Mahindra Homes Private Limited. n6.The Company is a real estate Company engaged in construction & the revenue is recognized using Completed Contracts Method under Ind AS 115 as such the results for the quarter or year ended 31st March 2025 are not representative of the current operations. n7.From the current quarter, considering similar and interconnected nature of the services and products and associated risk and returns, the Chief Operating Decision Maker has started allocating resource and assessing the performance of the operating segment i.e construction and development of real estate projects as a single operating segment, which has resulted in change in segment disclosure compared to earlier period year. nConsidering that there is only one reportable segment, there are no additional disclosures to be provided under Ind AS 108 Segment information, other than to the extent already provided in these financial results. n8.The Board has recommended a dividend of Rs. 2.80 per share on equity share of Rs. 10 each 28 percentage subject to approval of members of the Company at the forthcoming annual general meeting. n9.Previous period year figures have been regrouped wherever found necessary, to conform to current period year classification.

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
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-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Unaudited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
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
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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Unaudited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Remeasurements of the defined benefit plans	-5700000	-5700000
	Total Amount of items that will not be reclassified to profit and loss	-5700000	-5700000
2	Income tax relating to items that will not be reclassified to profit or loss	-1400000	-1400000
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	0
5	Total Other comprehensive income	-4300000	-4300000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Unaudited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			614700000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			278400000
	Adjustments for decrease (increase) in inventories			-5437900000
	Adjustments for decrease (increase) in trade receivables, current			-1402700000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			0
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			7850900000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			0
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			175900000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			0
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			0
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			0
	Adjustments for dividend income			1917100000
	Adjustments for interest income			442400000
	Adjustments for share-based payments			34700000
	Adjustments for fair value losses (gains)			-300000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			-435000000
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			40800000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			-1254700000
	Net cash flows from (used in) operations			-640000000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			328800000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			-968800000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			515700000
	Other cash receipts from sales of interests in joint ventures			599900000
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			5000000
	Purchase of property, plant and equipment			145100000
	Proceeds from sales of investment property			612700000
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			5475100000
	Cash receipts from repayment of advances and loans made to other parties			540000000
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			1917100000
	Interest received			292600000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			414200000
	Net cash flows from (used in) investing activities	-1754400000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			600000
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			20770800000
	Repayments of borrowings			15139400000
	Payments of lease liabilities			21400000
	Dividends paid			410500000
	Interest paid			988300000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			4211800000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			1488600000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			1488600000
	Cash and cash equivalents cash flow statement at beginning of period			848600000
	Cash and cash equivalents cash flow statement at end of period			2337200000