Mahindra Lifespace Developers Limited has released the transcript of its earnings conference call for the third quarter and nine months ended December 31, 2025. The call, held on February 2, 2026, included participation from several Analysts/Institutional Investors/Funds and featured management attendees Mr. Amit Sinha (MD and CEO) and Mr. Sriram Kumar (CFO). During the call, Mr. Sinha provided an update on the company's performance. Residential pre-sales for Q3 FY26 were ₹572 crore, with the nine-month period reaching approximately ₹1773-1800 crore. Several successful project launches and sustained sales contributed to this performance, including New Haven in Bangalore, Marina 64 in Mumbai, Citadel in Pune, and Lakewoods in Chennai. The company also highlighted the strong performance of its Industrial & Commercial (IC) business, with significant leasing activity in Jaipur and Chennai. Financially, the nine-month consolidated sales for residential and IC combined stood at ₹2125 crore, with a Profit After Tax (PAT) delivery of ₹208 crore for the period, and ₹109 crore for the quarter. Residential collections were strong at ₹1472 crore. The company maintained a healthy balance sheet with a net debt to equity ratio of -0.12 and a competitive cost of debt at 6.7%. Discussions also covered future project launches, including Marina 64 and Bhandup, and progress on the society redevelopment project in Lokmanya Tilak Nagar. The company provided a forward-looking guidance for FY27, expecting pre-sales between ₹4,500 to ₹5,000 crore. Management also elaborated on their strategy for playing in the premium to mid-market segments, focusing on well-connected locations and maintaining optimal ticket sizes to navigate market slowdowns. The execution capability and scale-up strategy were also detailed, emphasizing the importance of talent, vendor partnerships, and robust processes.
