Mahindra Lifespace Developers earnings calls.

Mahindra Lifespace delivered a solid Q1 FY27Current reported value: Q1 FY27. No comparable prior figure is available in the source record. with revenue from operations of ₹962 croreCurrent reported value: ₹962 crore. No comparable prior figure is available in the source record. and PAT of ₹86Current reported value: 86. No comparable prior figure is available in the source record. crore, representing 67Current reported value: 67. No comparable prior figure is available in the source record.% YoY growth driven primarily by completions of high-margin projects Eden Phase 2 and Luminere (PBT margins ~26%). Residential pre-sales came in at ₹925.5 crCurrent ₹925.5 Cr. Reported change: +106% YoY.ore with only ~2-3 weeks of Rainforest sales contribution as the Iran-Israel conflict dampened sentiment in April before recovery in June. The IC business signed a major 5,600 crore GDV deal in Kandi, adding to the robust pipeline. Management reiterated FY27 pre-sales guidance of ₹4,500-5,000 crore and targets ₹10,000-20,000 crore of new IC deal signings this fiscal year, though the IC segment saw lower Q1 conversions with significant pipeline expected in Q2. The balance sheet remains pristine with negative net debt-to-equity of -0.22x and ₹1,100 crore cash. Key risks include geopolitical-driven sentiment volatility affecting sales velocity, inventory overhang (15 months nationally, though MMR/Pune/Bangalore are better positioned), and rising input costs (especially aluminum at ~10% of cost structure) partially offset by conservative cost assumptions and staggered contract awards.