Shares of Mahindra Lifespace rose 0.24%, closing at ₹352.25 on the BSE after the company disclosed a 67% jump in Q1 profit and a 70% surge in sales.
The 67% profit increase marks a year‑on‑year surge, underscoring the firm’s ability to convert higher sales volumes into stronger earnings.
Sales climbed 70% YoY, reflecting robust demand in Pune’s emerging Baner Annex market, which the company highlighted as a prime residential corridor.
In parallel, Mahindra Lifespace unveiled the Mahindra Rivenza project – a 13.46‑acre development with a ₹3,500‑crore Gross Development Value, comprising 1,236 units and 2.65 lakh+ square feet of amenities.
The project is pre‑certified Gold by the IGBC and aims to be Net‑Zero Waste, positioning the firm ahead of the green‑building trend in India.
Looking ahead, the company reiterated its focus on sustained residential growth, with guidance for the next quarter expected to highlight continued momentum in sales and profitability.