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Informist, Wednesday, Jan. 28, 2026

By P. Madhu Kumar

MUMBAI – The consolidated net profit of Lodha Developers Ltd. grew at a seven-quarter low on a year-on-year basis in the December quarter. The bottom line was lower than analysts' expectations. On the other hand, the company's top line beat the Street's estimate by a slight margin. The real estate developer's pre-sales for the quarter swelled 25% on year to a record high of INR 56.2 billion.

The company's consolidated bottom line rose marginally year on year but surged 21% on quarter to INR 9.57 billion. Analysts had projected the net profit at INR 9.88 billion. The consolidated revenue from operations grew 14% on year and 23% on quarter to INR 46.73 billion, slightly higher than the consensus estimate of INR 46.23 billion.

"The tailwinds of low mortgage rates, rising household incomes and improving affordability continue to create an environment where quality, trust, and timely execution are more important than ever, giving a distinct advantage to an organized and execution focused developer like us," Managing Director and Chief Executive Officer Abhishek Lodha said in a press release.

After an actuarial analysis of the incremental impact of new labour codes, the company said it will have no material impact on the financials for now. More 

For the nine months ended December, the company's consolidated bottom line was INR 24.20 billion, up over 31% on year. Revenue for the same period was INR 119.63 billion as against INR 95.55 billion same quarter year ago. 

The company's adjusted earnings, before interest, tax, depreciation, and amortisation grew 23% on year to INR 14.90 billion. This excludes sales of land in the same quarter last year. However, if the land sales are included, the company's EBITDA fell 6% on year from INR 15.9 billion in the year-ago quarter.

The company's total expenses during the quarter grew 18.5% on year to INR 35.40 billion, of which project costs formed roughly 78%. These costs grew 14% on year to INR 27.43 billion. The company's other expenses for the quarter were INR 2.43 billion, up over 39% from the year-ago quarter.

The company has a significant launch pipeline for the March quarter combined with sustenance sales which is likely to help it meet the 2025-26 (Apr-Mar) guidance of INR 210 billion, Lodha Developers said in its investor presentation. The company said its net debt was INR 61.7 billion as of Dec. 31.

Lodha Developers reported the earnings after market hours. On Wednesday, the company's shares closed over 2% higher at INR 929.10 on the National Stock Exchange.  End

Edited by Ashish Shirke

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