5323132026-07-012026-09-305323132026-09-305323132026-03-315323132026-04-012026-09-305323132026-07-012026-09-30in-capmkt:OtherExpenses1Member5323132026-07-012026-09-30in-capmkt:OtherExpenses2Member5323132026-04-012026-09-30in-capmkt:OtherExpenses1Member5323132026-04-012026-09-30in-capmkt:OtherExpenses2Member5323132026-09-30OtherNoncurrentFinancialAssetsDomain15323132026-09-30OtherNoncurrentAssetsDomain15323132026-09-30OtherCurrentFinancialAssetsDomain15323132026-09-30OtherCurrentAssetsDomain15323132026-09-30OtherNoncurrentFinancialLiabilitiesDomain15323132026-09-30OtherNoncurrentFinancialLiabilitiesDomain25323132026-09-30OtherCurrentFinancialLiabilitiesDomain15323132026-09-30OtherCurrentFinancialLiabilitiesDomain25323132026-09-30OtherCurrentLiabilitiesDomain15323132026-07-012026-09-30AuditorDomain1iso4217:INRxbrli:pureiso4217:INRxbrli:shares532313MAHLIFENOTLISTEDINE813A01018MAHINDRA LIFESPACE DEVELOPERS LIMITEDMain BoardEquity2026-04-012027-03-312026-10-222026-09-29INRLakhsQuarterlySecond quarterSingle segmentProjects, project management and development2026-10-2211:48:002026-10-2213:50:00trueCash Flow IndirectDeclaration of unmodified opinion2026-07-012026-09-30UnauditedConsolidated324200000716000000104020000082622000000-81221000003393000005430000045400000395000000974100000661000000661000001863000001453000003316000000-26550000000042890000016340000001634000001633000001000001633000001000002133700000100.770.76000.770.760.00170.00030.00991. 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 22nd October, 2026. The unaudited consolidated financial results for the quarter and half year ended 30th September, 2026 have been subjected to limited review by the statutory auditors. <br /> 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 Mahindra Sakura Developers Limited w.e.f. 27th June, 2025 previously <br /> known as Shreyas Stones Private Ltd xii Mahindra Homes Private Ltd w.e.f. 28th November 2025 xiii Mahindra Blossom Developers Limited w.e.f. 2nd January, 2026 till 23rd March, 2026 xiv Mahindra Kandivali Developers Limited w.e.f. 29th June 2026 consolidated using line by line consolidation method under Ind AS. <br /> 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 <br /> ceased w.e.f. 15th September 2026 xi Ample Parks Project 2 Private Ltd ceased w.e.f. 15th September 2026 xii Ample Parks MMR Private Limited xiii Mahindra Construction Company Ltd xiv Mahindra Blossom Developers Limited w.e.f. 23rd March, 2026 , consolidated as per equity accounting under Ind AS 28. <br /> 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 <br /> other accounting principles generally accepted in India. <br /> 4. Pursuant to exercise of stock options by eligible employees under ESOS, 31,000 shares were alloted for the quarter and half year ended 30th September, 2026. <br /> 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 had currently estimated the incremental impact on retiral benefits to be Rs 493 lakhs. Considering regulatory driven and non recurring nature of this impact, this was 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. <br /> 6. During the previous year, the Company acquired the remaining 25.65 percentage equity stake economic interest 50 percentage in Mahindra Homes Private Ltd MHPL, increasing its total shareholding to 100 percentage and thereby obtaining control effective 28th November, 2025. Accordingly, MHPL has become a wholly owned Subsidiary of the Company and <br /> consolidated on a line by line basis with the results of the Company. Consequently results for the quarter ended June 26 is not comparable with previous quarters. <br /> 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. 3,076 lakhs, recognised in the Consolidated Statement of Profit and Loss as exceptional item. <br /> 7. Mahindra Blossom Developers Limited was incorporated on January 2, 2026, as a wholly owned subsidiary. On March 23, 2026, the Company sold 49 percentage of its equity stake to Mitsui Fudosan Asia Pte Ltd, classifying it as a joint venture. Additionally, on March 23, 2026, the Company transferred its Alembic undertaking on a slump sale basis to Mahindra Blossom Developers Limited for Rs 55,880 lakhs, recognizing a profit of Rs 4,197 lakhs under Other Income in previous year. <br /> 8. During the previous year, 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. 2,452 lakhs net of tax and the same is recognised in the Share of profit of joint ventures and associates. <br /> 9. During the previous year, 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. 1,866 lakhs net of tax and recognised in the Share of profit of joint ventures and associates. <br /> 10. Due to the nature of business activities and to ensure customer satisfaction, the Group carries a provision for cost to completion COC on a conservative basis. On receipt of Occupation certificate for respective projects, these provisions are periodically assessed and reversed.During the quarter such provision amounting to Rs 2,500 lakhs were reversed and disclosed as other income. <br /> 11. During the quarter, the Company completed the divestment of its investments in the Ample Parks Group as part of its strategic portfolio optimization initiative. The transaction was completed for a consideration of Rs 7,652 lakhs. Accordingly, the Company recognized a profit of Rs 2,694 lakhs in the consolidated financial statements on the disposal. <br /> 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 revenue from operations for the quarter and half year does not consider progress on the projects in hand. <br /> 13. The Chief Operating Decision Maker monitors and reviews the performance of the operating segment i.e 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 Company operates only in India. <br /> 14. The Standalone Financial results for the quarter and half year ended 30th September, 2026 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 <br /> 15. Previous period year figures have been regrouped wherever consider necessary, to confirm to current period year classification.2026-04-012026-09-30UnauditedConsolidated994550000087010000010815600000172349000000-94458000006750000007830000095800000108680000097250000001090600000010906000002618000003243000005861000000504500000000514400000101890000001018900000101860000030000010186000003000002133700000104.774.77004.774.770.00170.00190.0407Operating Expense3100000Other Expenses391900000Operating Expense316900000Other Expenses769900000325400000199900000007700000000976710000005438000002055400000123663000008117000007822000001449320000056360700000193370000022315000005771000003503000000036660000086119000000505030000070022900000008451610000021337000003446060000036594300000150000036595800000000079300000793000001610000000024030000062543000002806000004704100000498470000046910000001593000000031503900000237900000820000047680000000004792030000084516100000Other non-current financial assets2055400000Income tax assets net782200000Other current financial assets366600000Other current assets5050300000Lease liabilities61300000Other non-current financial liabilities18000000Lease liabilities69900000Other current financial liabilities4621100000Other current liabilities3150390000078300000-43744000003380000000000001360500000000958000000000000053100000-219000000-244700000000-2715300000-162470000000-288500000-1574000000-1755800000000071020000035200000002000002375000000000000000000115000000200000000020915000002346000000649000002733700000006000000000013779700000139780000006170000074460000019020000000-1194200000-2163000000-216300000793400000577100000UnauditedtrueMs Deloitte Haskins and sells LLPtrue2027-07-31