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	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	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

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	Consolidated	Consolidated
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	92400000	3722700000
	Other income	462000000	916000000
	Total income	554400000	4638700000
2	Expenses
(a)	Cost of materials consumed	5939200000	13650500000
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	-5952700000	-10654400000
(d)	Employee benefit expense	262400000	1116300000
(e)	Finance costs	21200000	193800000
(f)	Depreciation, depletion and amortisation expense	55000000	178100000
(f)	Other Expenses
1	Operating Expense	0	167700000
2	Other Expenses	395300000	1141300000
	Total other expenses	395300000	1309000000
	Total expenses	720400000	5793300000
3	Total profit before exceptional items and tax	-166000000	-1154600000
4	Exceptional items	0	0
5	Total profit before tax	-166000000	-1154600000
6	Tax expense
7	Current tax	6100000	25200000
8	Deferred tax	8600000	66300000
9	Total tax expenses	14700000	91500000
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	-180700000	-1246100000
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	1031600000	1859600000
16	Total profit (loss) for period	850900000	613500000
17	Other comprehensive income net of taxes	-4100000	-4100000
18	Total Comprehensive Income for the period	846800000	609400000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	850800000	612900000
	Total profit or loss, attributable to non-controlling interests	100000	100000
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	-4100000	-4100000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	0	0
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		17410200000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	5.49	3.95
	Diluted earnings (loss) per share from continuing operations	5.48	3.95
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	5.49	3.95
	Diluted earnings (loss) per share from continuing and discontinued operations	5.48	3.95
24	Debt equity ratio	0.0076	0.0076
25	Debt service coverage ratio	-0.0002	-0.0013
26	Interest service coverage ratio	-0.0028	-0.0074
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 Consolidated financial results for the quarter ended 31st March, 2025 have been subjected to limited review and consolidated 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. 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 consolidated using line by line consolidation method under Ind AS. nThese 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 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 formerly known as AMIP Industrial Parks Private Ltd x. Ample Parks Project 1 Private Ltd formerly known as Interlayer Two Warehousing Private Ltd w.e.f. 04th September, 2023 xi. Ample Parks Project 2 Private Ltd formerly known as Interlayer Three Warehousing Private Ltd w.e.f. 04th September, 2023 xii. Ample Parks MMR Private Limited w.e.f 07th November, 2024 xiii Mahindra Construction Company Ltd Consolidated as per equity accounting under Ind AS 28. n4. 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. n5. 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.t n6. The Group is a real estate Company engaged in construction & the revenue is recognized using Completed Contracts Method under Ind AS 115 and 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 or 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		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	252200000
	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	8442000000
	Trade receivables, non-current	0
	Loans, non-current	408400000
	Other non-current financial assets	1484300000
	Total non-current financial assets	10334700000
	Deferred tax assets (net)	993500000
	Other non-current assets	892100000
	Total non-current assets	12525300000
2	Current assets
	Inventories	44620900000
	Current financial asset
	Current investments	598800000
	Trade receivables, current	1387400000
	Cash and cash equivalents	2378500000
	Bank balance other than cash and cash equivalents	183600000
	Loans, current	0
	Other current financial assets	172300000
	Total current financial assets	4720600000
	Current tax assets (net)	0
	Other current assets	2340900000
	Total current assets	51682400000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	64207700000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	1550900000
	Other equity	17410200000
	Total equity attributable to owners of parent	18961100000
	Non controlling interest	1700000
	Total equity	18962800000
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	73600000
	Total non-current financial liabilities	9250200000
	Provisions, non-current	88800000
	Deferred tax liabilities (net)	0
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	9339000000
	Current liabilities
	Current financial liabilities
	Borrowings, current	5140800000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	326000000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	2005900000
	Total Trade payable	2331900000
	Other current financial liabilities	2577600000
	Total current financial liabilities	10050300000
	Other current liabilities	25776900000
	Provisions, current	68600000
	Current tax liabilities (Net)	10100000
	Deferred government grants, Current	0
	Total current liabilities	35905900000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	45244900000
	Total equity and liabilites	64207700000
	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 Consolidated financial results for the quarter ended 31st March, 2025 have been subjected to limited review and consolidated 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. 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 consolidated using line by line consolidation method under Ind AS. nThese 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 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 formerly known as AMIP Industrial Parks Private Ltd x. Ample Parks Project 1 Private Ltd formerly known as Interlayer Two Warehousing Private Ltd w.e.f. 04th September, 2023 xi. Ample Parks Project 2 Private Ltd formerly known as Interlayer Three Warehousing Private Ltd w.e.f. 04th September, 2023 xii. Ample Parks MMR Private Limited w.e.f 07th November, 2024 xiii Mahindra Construction Company Ltd Consolidated as per equity accounting under Ind AS 28. n4. 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. n5. 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.t n6. The Group is a real estate Company engaged in construction & the revenue is recognized using Completed Contracts Method under Ind AS 115 and 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 or 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		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
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	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	5400000	5400000
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	-1300000	-1300000
5	Total Other comprehensive income	-4100000	-4100000

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			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			-1154600000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			193800000
	Adjustments for decrease (increase) in inventories			-10023300000
	Adjustments for decrease (increase) in trade receivables, current			-2252500000
	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			8801100000
	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			178100000
	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			0
	Adjustments for interest income			249400000
	Adjustments for share-based payments			34700000
	Adjustments for fair value losses (gains)			-195300000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			-435600000
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			42900000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			-3905500000
	Net cash flows from (used in) operations			-5060100000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			360800000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			-5420900000
	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			597100000
	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			145400000
	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			155400000
	Cash receipts from repayment of advances and loans made to other parties			121000000
	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			1817100000
	Interest received			75800000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			314800000
	Net cash flows from (used in) investing activities	2727000000
	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			21190700000
	Repayments of borrowings			15607300000
	Payments of lease liabilities			21400000
	Dividends paid			411500000
	Interest paid			989300000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			4161800000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			1467900000
	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			1467900000
	Cash and cash equivalents cash flow statement at beginning of period			910600000
	Cash and cash equivalents cash flow statement at end of period			2378500000