Mahindra Lifespace Developers reported a consolidated net profit of Rs 16.34 crore for the second quarter ended September 30, 2026, down about 66 per cent from Rs 47.91 crore a year ago, even as operating momentum stayed strong, The Hindu BusinessLine reported from the company's results approved by its board in Mumbai on Thursday. ScanX likewise reported consolidated net profit of Rs 16.34 crore, a 66 per cent decline year-on-year.

Source: The Hindu BusinessLine — Q2 results live, Oct 22, 2026

Consolidated total income for the quarter stood at Rs 104.02 crore (Rs 10,402 lakh), up sharply from Rs 33.06 crore in the year-ago quarter. On a standalone basis, the company swung to a profit after tax of Rs 127.43 crore, against a loss of Rs 24.51 crore in the same period last year, The Hindu BusinessLine and ScanX reported.

Source: ScanX — Mahindra Lifespace Q2 FY27 results, Oct 22, 2026

The operating business told a stronger story: residential pre-sales reached Rs 1,063 crore in the quarter, up 41 per cent year-on-year, and grew 66 per cent in the first half to Rs 1,988 crore (yaani about Rs 19.9 billion). The company added gross development value of Rs 1,500 crore during the quarter, and its net debt-to-equity ratio stood at -0.28, indicating a net cash surplus position, The Hindu BusinessLine reported.

Source: The Hindu BusinessLine — Q2 results live, Oct 22, 2026

Sahi's results coverage noted the consolidated profit of about Rs 16.3 crore came in below market estimates of around Rs 47.6 crore as the operating EBITDA loss widened, a reminder that real-estate earnings under completion-based accounting swing with project handovers. The board also allotted shares under the company's employee stock option scheme and disclosed the resignation of its chief legal officer effective October 28. Sources: The Hindu BusinessLine, ScanX and Sahi, all on October 22, 2026.

Source: Sahi — Mahindra Lifespace Q2 results, Oct 22, 2026