Mahindra Lifespace Developers has announced its Q3 FY26 financial results following board approval on February 02, 2026. The real estate development company delivered robust performance across both standalone and consolidated operations for the quarter ended December 31, 2025.

Board Meeting and Results Approval

The Board of Directors approved the unaudited standalone and consolidated financial results at their meeting held on February 02, 2026, which commenced at 12:00 noon and concluded at 2:30 pm. The results were subjected to limited review by statutory auditors Deloitte Haskins & Sells LLP, who issued unmodified review reports.

Financial Performance Highlights

The company's Q3 FY26 performance demonstrates significant improvement across key metrics:

Operational Performance

The company achieved consolidated sales of ₹707 crore in Q3 FY26. Residential pre-sales reached ₹572 crore with saleable area of 0.60 million square feet, compared to ₹334 crore in Q3 FY25. The industrial clusters and infrastructure business contributed consolidated revenues of ₹134 crore versus ₹70 crore in the previous year.

Nine-Month Performance

For the nine months ended December 31, 2025, consolidated sales totaled ₹2,125 crore. Residential pre-sales for 9M FY26 reached ₹1,773 crore covering 2.35 million square feet saleable area. The consolidated profit after tax for nine months stood at ₹208 crore against a loss of ₹24 crore in the corresponding previous period.

Strong Financial Position

The company maintains a robust balance sheet with net debt to equity ratio at -0.12, indicating a cash surplus position. Residential collections for 9M FY26 totaled ₹1,472 crore compared to ₹1,365 crore for 9M FY25, reflecting strong cash flow generation across the business portfolio.

Mahindra & Mahindra has delivered exceptional January 2026 performance, reporting total vehicle sales of 104,309 units, marking a robust 24% year-over-year growth. The automotive and farm equipment manufacturer demonstrated strong momentum across all business segments, with particularly impressive performance in SUVs and tractors.

Automotive Division Performance

The company's automotive division achieved significant milestones in January 2026. SUV sales reached 63,510 units in the domestic market, representing a strong 25% growth compared to the previous year. Commercial vehicle sales also performed well, with LCV sales under 3.5T reaching 27,656 units, a growth of 22%.

According to NaliniKanth Gollagunta, CEO, Automotive Division, M&M Ltd., the company began the year on a strong note by achieving SUV sales of 63,510 units and LCV sales of 27,656 units. A significant highlight was the opening of bookings for XUV7XO and XEV 9S on January 14th, which clocked 93,689 bookings worth Rs. 20,500 crore in just 4 hours.

Farm Equipment Business Excellence

The Farm Equipment Business delivered outstanding results with domestic tractor sales of 38,484 units, reflecting a remarkable 46% year-over-year growth. Total tractor sales including exports reached 40,643 units, compared to 27,557 units in the previous year. Export performance was particularly strong with 2,159 units sold, representing 72% growth.

Veejay Nakra, President – Farm Equipment Business, attributed the robust growth to high reservoir levels supporting record Rabi sowing and expectations of government support in rural development.

Trucks & Buses Division Growth

The Trucks & Buses business, comprising Mahindra Trucks & Buses division and SML Mahindra Limited, sold 3,065 vehicles in January 2026, achieving 40% year-over-year growth. Cargo vehicles led the performance with 1,642 units sold, showing 49% growth, while passenger vehicles reached 1,423 units with 30% growth.

Vinod Sahay, Executive Chairman – SML, President – Aerospace, Defence, Trucks, Buses & CE, highlighted that demand trends across the Indian commercial vehicle industry remained healthy, supported by infrastructure spending, replacement demand, and strong rural activity.