| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 32.4 | 17.6 | +84.6% |
| EBITDA | −55.0 | −52.5 | — |
| EBITDA margin | −169.7% | −298.8% | +129.1 pts |
| Profit before tax | 6.6 | −45.3 | — |
| Net profit | 16.3 | 47.9 | −65.9% |
| EPS | ₹0.77 | ₹2.47 | −68.8% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 6,768 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 251 | 167 | 298 | 177 | 246 | ||
| 0.2 | 0.1 | 0.2 | 0.2 | 0.2 | ||
| 645 | 645 | 1,432 | 873 | 265 | ||
| 7,163 | — | — | — | — | ||
| 2,123 | 1,178 | 372 | 212 | 607 | ||
| — | +216.5% | +75.5% | −65.0% | — | ||
| 25.4 | −122 | −170 | −171 | −110 | ||
| 1.2% | −10.3% | −45.6% | −80.7% | −18.2% | ||
| 4.5 | −145 | −188 | −185 | −122 | ||
| 301 | 298 | 61.4 | 98.3 | 103 | ||
| 14.2% | 25.3% | 16.5% | 46.4% | 17.0% | ||
| ₹14.06 | ₹13.94 | ₹2.87 | ₹4.60 | ₹4.75 | ||
| — | +385.1% | −37.6% | −3.1% | — | ||
| — | −545 | −542 | −661 | −148 | ||
| — | −18.1 | −14.5 | −16.1 | −14.1 | ||
| −563 | −563 | −557 | −677 | −162 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 6,768.2 | |
| - Cash, Equiv & ST Investments | 245.6 | 177.3 | 297.7 | 167.4 | 251.1 | |
| + Minority Interest | 0.2 | 0.2 | 0.2 | 0.1 | 0.2 | |
| + Total Debt | 265.1 | 872.8 | 1,431.7 | 645.3 | 645.3 | |
| Enterprise Value | — | — | — | — | 7,162.5 | |
| Revenue | 606.6 | 212.1 | 372.3 | 1,178.3 | 2,123.3 | |
| Growth %, YoY | — | -65.0 | +75.5 | +216.5 | — | |
| EBITDA | -110.1 | -171.1 | -169.9 | -121.6 | 25.4 | |
| Margin % | -18.15 | -80.67 | -45.63 | -10.32 | 1.19 | |
| EBIT | -122.3 | -184.8 | -187.7 | -145.5 | 4.5 | |
| Net Income | 102.8 | 98.3 | 61.4 | 298.2 | 300.9 | |
| Margin % | 16.95 | 46.35 | 16.48 | 25.30 | 14.17 | |
| EPS, Adj (current shares) | 4.75 | 4.60 | 2.87 | 13.94 | 14.06 | |
| Growth %, YoY | — | -3.1 | -37.6 | +385.1 | — | |
| Cash from Operations | -148.4 | -661.4 | -542.1 | -544.9 | — | |
| Capital Expenditures | -14.1 | -16.1 | -14.5 | -18.1 | — | |
| Free Cash Flow | -162.5 | -677.4 | -556.6 | -563.1 | -563.1 | |
Prices at the 30 October 2026 close · figures from the company's filings with NSE
Mahindra Lifespace Developers (NSE: MAHLIFE) had a market capitalisation of ₹6,543 crore at the 30 October 2026 close (₹306.65 a share), a PE ratio of 21.8 on the last four quarters' profit and a price-to-book ratio of 1.79. In FY26 its consolidated net profit was ₹297 crore on revenue of ₹1,178 crore; in Q2 FY27 (July–September 2026) it was ₹16.3 crore, down 65.9% year on year. Its debt-to-equity ratio was 0.17 on 30 September 2026. Promoters held 52.40% of the shares on 30 September 2026.
Mahindra Lifespace Developers' PE ratio is 21.8 at the 30 October 2026 close (₹306.65 a share): a market capitalisation of ₹6,543 crore divided by consolidated net profit of ₹300 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹297 crore) it is 22.0.
Mahindra Lifespace Developers' price-to-book (PB) ratio is 1.79 at the 30 October 2026 close: a market capitalisation of ₹6,543 crore divided by shareholders' equity (book value) of ₹3,659 crore on 30 September 2026. That is a book value of ₹171.51 per share against a share price of ₹306.65.
Mahindra Lifespace Developers' net worth — shareholders' equity in its consolidated balance sheet — was ₹3,659 crore on 30 September 2026, up 6.9% from ₹3,423 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹6,543 crore at the 30 October 2026 close.
Mahindra Lifespace Developers' market capitalisation was ₹6,543 crore at the 30 October 2026 close: 21.34 crore shares at ₹306.65 each.
No. Mahindra Lifespace Developers had borrowings of ₹625 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.17. Its cash and current investments were ₹601 crore, so its net debt was ₹24.1 crore.
Mahindra Lifespace Developers' basic earnings per share (EPS) were ₹14.64 in FY26, against ₹3.95 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹14.63.
Mahindra Lifespace Developers' debt-to-equity ratio was 0.17 on 30 September 2026: borrowings of ₹625 crore against total equity of ₹3,660 crore. A year earlier, on 30 September 2025, it was 0.09.
Mahindra Lifespace Developers' book value per share was ₹171.51 on 30 September 2026: shareholders' equity of ₹3,659 crore divided by the 21.34 crore shares in issue, up 6.9% from ₹160.51 a year earlier. The share price at the 30 October 2026 close was ₹306.65.
Mahindra Lifespace Developers' dividend yield is 1.14% at the 30 October 2026 close: dividends of ₹3.50 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹306.65. They were ₹3.50 on 3 July 2026.
In FY26, Mahindra Lifespace Developers' return on equity (ROE) was 10.8% and its return on capital employed (ROCE) was −4.5%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 3.3% and ROCE −7.0%.
On 30 September 2026, Mahindra Lifespace Developers' shares were held by promoters 52.40%, foreign portfolio investors (FII/FPI) 7.36%, domestic institutions (DII) 22.80% (including mutual funds at 20.64%) and retail and other non-institutional investors 17.45%. Over the year, FII holding was down 0.76 percentage points from 8.12% and DII holding was up 0.34 percentage points from 22.46%.
On FY26 consolidated figures, against Max Estates, GANESH HOUSING and Kalpataru: Mahindra Lifespace Developers' operating margin of −12.3% is the lowest of the four (Max Estates −4.4%, GANESH HOUSING 81.4%, Kalpataru 2.2%; peer average 26.4%); its return on equity of 10.8% is the second highest of the four (Max Estates 0.7%, GANESH HOUSING 14.4%, Kalpataru 2.8%; peer average 6.0%).
In 2026, Mahindra Lifespace Developers has declared one dividend: ₹3.50 with record date 3 July 2026.
Promoters held 52.40% of Mahindra Lifespace Developers on 30 September 2026, down 0.01 percentage points from 52.41% the previous quarter and down 0.02 percentage points from 52.42% a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Mahindra Lifespace Developers generated ₹545 crore of cash from operations and spent ₹18.1 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹563 crore. In FY25 it was −₹557 crore.
Mahindra Lifespace Developers' latest results are for Q2 FY27 (July–September 2026), filed on 22 October 2026: consolidated net profit ₹16.3 crore, down 65.9% from ₹47.9 crore in Q2 FY26; revenue from operations ₹32.4 crore, up 84.6% year on year.
In FY26 (April 2025–March 2026), Mahindra Lifespace Developers' consolidated net profit was ₹297 crore, up 385.1% from ₹61.3 crore in FY25, on revenue from operations of ₹1,178 crore (up 216.5%). Over three years, from FY23, net profit was up 193.2%.
Mahindra Lifespace Developers has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
At the 30 October 2026 closing prices, on FY26 net profit, Mahindra Lifespace Developers' PE ratio is 22.0, the third highest of the four: Max Estates 528.4, GANESH HOUSING 17.6 and Kalpataru 53.6, a peer average of 199.9. Each is the company's market capitalisation at that price divided by its FY26 net profit.
In FY26, Mahindra Lifespace Developers earned net profit of ₹297 crore on revenue of ₹1,178 crore, against ₹15.7 crore on ₹199 crore for Max Estates. Mahindra Lifespace Developers' operating margin was −12.3% (Max Estates −4.4%) and its return on equity 10.8% (Max Estates 0.7%). At the 30 October 2026 close, Mahindra Lifespace Developers' market capitalisation was ₹6,543 crore against ₹8,292 crore for Max Estates, and its PE ratio on FY26 profit 22.0 against 528.4.
From Mahindra Lifespace Developers' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.