Mahindra Lifespace Developers Limited reported a sharp decline in revenue but a surge in profitability for the quarter ended June 30, 2025. The company’s revenue from operations stood at Rs 31.97 crore in Q1 FY26, down 83% from Rs 188.14 crore in the same quarter last year.
Despite the fall in topline, Mahindra Lifespace posted a net profit of Rs 51.26 crore for Q1 FY26, significantly higher than Rs 12.74 crore reported in Q1 FY25. The turnaround was primarily driven by a strong share of profit from joint ventures and associates, which stood at Rs 98.02 crore during the quarter, up from Rs 36.46 crore YoY.
Total income for the quarter came in at Rs 40.61 crore, while total expenses stood at Rs 97.03 crore. The company reported a pre-tax loss of Rs 56.42 crore before considering share of profits from associates. However, with the associate contribution, profit before tax turned positive at Rs 41.60 crore.
Tax expense stood negative at Rs 10.25 crore, aiding the bottom line further. The company continues to rely significantly on income from its joint ventures to sustain profitability in a subdued revenue environment.
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