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Informist, Sunday, Jul. 27, 2025

By Avishek Rakshit

KOLKATA – Backed by its best ever first quarter pre-sales at INR 44.5 billion, Lodha Developers Ltd. reported a 42% on year jump in its consolidated net profit for Apr-Jun at INR 6.8 billion, beating the Street's estimate of INR 6.4 billion.

The consolidated revenue increased by 22.7% on year to nearly INR 35 billion during the quarter under review due to project deliveries and pre-sales. The revenue was marginally ahead of the Street's estimate of INR 34.7 billion. The company's consolidated operating margin in the June quarter increased to 34.4% as against 33.7% in the year-ago quarter.

In the real estate industry, pre-sales refer to sales of a property before it is fully constructed or completed. This involves securing commitments from potential buyers with an initial payment before construction is completed. This helps developers secure funding, gauge market demand, and demonstrate project viability.

"This performance would've been even superior had our sales not been impacted during the two weeks of uncertainty due to the India-Pakistan war," Abhishek Lodha, managing director and chief executive officer at Lodha Developers, said in a statement. For 2025-26 (Apr-Mar), the company is targeting a total pre-sales of INR 210 billion.

"On the back of interest rate cuts and the benefit from income tax cuts, we are seeing pick up in mid-income demand and we expect this to strengthen in H2 (Apr-Sept) of this FY (financial year)," Lodha said.

Lodha Developers said structural industry tailwinds on the back of low home-ownership levels, rising household incomes, strong affordability, and low mortgage rates, combined with ever-increasing customers' desire to own quality homes from branded developers is driving demand for homes which aided its top line growth.

During the quarter under review, Lodha Developers added five projects at marquee locations in Mumbai Metropolitan Region, Pune and Bengaluru with INR 227 billon of gross development value potential taking the total gross development value to INR 1 trillion spread across 48 projects. In real estate, gross development value refers to the projected value of a property once it is completed.

"We are pleased to share that we have achieved more than 90% of our FY26 business development guidance in the first quarter itself," Lodha said. The real estate developer has given a total business development guidance of INR 250 billion during 2025-26 (Apr-Mar) and achieved INR 227 billion or 90% of this target in the June quarter. "Such strong business development provides the opportunity and visibility for a consistent, granular and predictable growth over the long term," he said.

Friday, shares of Lodha Developers closed 3.5% lower at INR 1,279.40 on the National Stock Exchange.  End

Edited by Vandana Hingorani

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