Mahindra Lifespace Developers Limited

Amit Sinha

MD and CEO, MAHINDRA LIFESPACES DEVELOPERS LIMITED

Vimalendra Singh

CBO - Residential, MAHINDRA LIFESPACES DEVELOPERS LIMITED

Vikram Goel

CBO - Industrial,

Avinash Bapat

CFO, MAHINDRA LIFESPACES DEVELOPERS LIMITED

Sriram Kumar

VICE PRESIDENT -FP&A, COSTING & IR, MAHINDRA LIFESPACES DEVELOPERS LIMITED

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August 4, 2025 BSE Limited Corporate Services, Piroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 National Stock Exchange of India Limited Exchange Plaza, Bandra K

Rs 10,000 crore

t much that has changed in terms of our strategy or aspiration and our plan to achieve a target of Rs 10,000 crores. Last time we had shown the path to Rs 10,000 crores by FY30, and that's captured in these six bo

Rs 10,000 crore

spiration and our plan to achieve a target of Rs 10,000 crores. Last time we had shown the path to Rs 10,000 crores by FY30, and that's captured in these six boxes in terms of the choices that we are making, the k

10%

hows you how the market is changing. Last quarter when we shared this data, the luxury segment was 10% in terms of value. So, volume was roughly 2%, less than 2%. But in terms of value, it is significa

2%

ter when we shared this data, the luxury segment was 10% in terms of value. So, volume was roughly 2%, less than 2%. But in terms of value, it is significant. The affordable segment continues to de-gr

65%

ffordable segment continues to de-grow, and the segment that we play, which is the middle segment, 65% mid-premium, premium, continues to be quite a key part of the segment and it has done well; not sl

Rs 2,300

y marquee location. Our total, that project Lokhandwala 1 and 2 together would be somewhere around Rs 2,300 to 2,500 crores. So pretty large project for us. Mulund is a new addition, new location for us. I

2,500 crore

cation. Our total, that project Lokhandwala 1 and 2 together would be somewhere around Rs 2,300 to 2,500 crores. So pretty large project for us. Mulund is a new addition, new location for us. It is close to B

Rs 41,000 crore

just allows us to increase the land bank, the GDV bank that we right now hold. So it is now up to Rs 41,000 crores. We will continue to look for good deals, and Rs 45,000 crore is not the end of our business deve

Rs 45,000 crore

right now hold. So it is now up to Rs 41,000 crores. We will continue to look for good deals, and Rs 45,000 crore is not the end of our business development effort; it is just a marker. And as we get good deals,

Rs 449 crore

st - What is our launch pipeline? So we wanted to capture the effort that are underway. Obviously, Rs 449 crores is a small number compared to what we want to achieve in the macro scheme of things. But if you s

Rs 2,000 crore

done many months back. So as a reference, Hope Farm is a Alembic deal which is roughly Rs 2,000 crores. Bhandup Phase 1 would be around Rs 3,000 crores. Citadel Phase 3 is roughly Rs 3,000 crores. Mah

“This intimation will also be uploaded on the website of the Company and can be accessed at weblink: https://www.mahindralifespaces.com/investor-center/?category=material-disclosure- intimation For Mahindra Lifespace Developers Limited Snehal Patil Interim Company Secretary & Compliance Officer “Mahindra Lifespace Developers Limited Q1 FY26 Earnings Update” July 28, 2025 MANAGEMENT: Mr.”

“We are here to discuss about our Q1 FY26 earnings update.”

“I think we shared this slide last time around, so I think there is not much that has changed in terms of our strategy or aspiration and our plan to achieve a target of Rs 10,000 crores.”

“Project execution is where everything comes together.”

“We have very disciplined tracking of our project pipeline; the projects that are being executed as well as the projects that are being launched.”

“And all of this come together with a very solid financial discipline that we have in terms of tracking the IRR’s of our project, capital allocation across our projects, choosing the right set of deals that are capital efficient and suitable for us to pursue the right set of growth metrics.”

“As we have more launches that come through, you will be able to compare what the actual price increase is.”

“Our total, that project Lokhandwala 1 and 2 together would be somewhere around Rs 2,300 to 2,500 crores.”

“So it will be, again, a very exciting project for us in Bangalore.”

“We are going to combine them into one project, which allows us to get the efficiencies - one clubhouse, one set of infrastructure, STP, etc.”

Mr. Amit Sinha

28

Mr. Parikshit

14

Mr. Sriram

10

Mr. Vimalendra Singh

8

Mr. Biplab Debbarma

8

Mr. Avinash Bapat

3

Mr. Udit

3

Mr. Biplab

3

Mr. Amit

2

Mr. Akash

2

Sub

Transcript of Earnings Conference Call - Regulations 30 & 46 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”)

Ref

Intimation of earnings conference call vide letter dated July 21, 2025, and Outcome and audio / video recording of earnings conference call dated July 28, 2025 and July 29, 2025 Dear Sir / Madam, In compliance with Regulation 30(6) read with Schedule III and other applicable provisions of the SEBI Listing Regulations, please find enclosed the transcript of the earnings call for the first quarter ended on June 30, 2025 (“Financial Results”), held on Monday, July 28, 2025, with several Analysts/Institutional Investors/Funds. The transcript includes list of management attendees and the dialogues including but not limited to the Questions & Answers. The text transcript and audio / video recordings of the Q1FY26 earnings call are also uploaded on the website of the Company at the weblink: https://www.mahindralifespaces.com/investor- center/?category=earnings-conference-call. No Unpublished Price Sensitive Information was shared / discussed by the Company during the earnings call. This intim

Mr. Sriram

Hi, good evening, everyone. A very warm welcome. We are here to discuss about our Q1 FY26 earnings update. At the outset, I would like to thank everyone for participating. With us we have:

Mr. Amit Sinha

- Mr. Amit Sinha - MD and CEO - Mr. Vimalendra Singh - CBO Residential - Mr. Vikram Goel - CBO Industrial and - Mr. Avinash Bapat - CFO. So, it's been a good quarter for us and key highlights include some of the GDV additions and the launches we had on the Resi side, a strong leasing activity on the IC & IC (Integrated Cities and Industrial Clusters) business, and also the Rights issue we just completed during the quarter. Like last time, we will start with a presentation, followed by Q&A. And I would like to welcome Amit to start the presentation. Thanks for joining. I think we shared this slide last time around, so I think there is not much that has changed in terms of our strategy or aspiration and our plan to achieve a target of Rs 10,000 crores. Last time we had shown the path to Rs 10,000 crores by FY30, and that's captured in these six boxes in terms of the choices that we are making, the kind of effort we are putting into the BD engine. A lot of deals come our way now, and fort

Mr. Amit Sinha

So, this is Marina 64. We have launched two plots so far. For the third plot, we will need to wait for the EC resolution, I think. By the way, the person who was the presenter is actually one of our employees. Now we are developing our own influencers as employees within the company. So, let me just cover this. So, I showed this slide last time and, I think, the 2 projects that we have added, Mulund and Navrat. When we did the meeting in April by that time Lokhandwala 2 had already been included, so we added Mulund and Navrat. So, that's part of FY28 plan but our goal would be to actually accelerate as much as possible. But, at least, we are building up the gaps that existed at the time when we shared this with you. Many of you asked us and we also have gotten feedback from some of the other meetings at M&M level is that why don't we give a short term guidance. I think, you know, we still have to get the approval machine going and solve this EC issue, one or two and we will be able to

Mr. Avinash Bapat

Thanks Amit. Am I audible out there? Yeah, great. Thank you. So, some of it is a repeat of what Amit talked about earlier. We saw residential sales or presales to be at very close to Rs 450 crores, Rs 449 crores to be precise. It shows that it is lower than last year but you know this industry more than us, where launches also determine a lot of what happens on the pre-sale side. IC revenues, there is a handsome growth of about 16% over previous year same time period. Rs 120 crores is what we got there. And Amit alluded to the Rs 3,500 crores GDV addition which is over and above what we have done to date. That takes us to about Rs 41,000 crores of GDV cumulatively added over a period of time. Very good land bank. Overall, collections have been very steady. If you look at, close to about Rs 500 crores of consistent collections. That helps us. From overall perspective, gives us good operating cashflow, allows us to further invest more into land bank acquisition and things like that. You