More Stories

Informist, Thursday, Jul. 23, 2026

 

Please click here to read all liners published on this story

--Lodha Developers Apr-Jun consol net profit INR 13.72 bln
--Analysts saw Lodha Developers Apr-Jun consol net profit at INR 8.76 bln
--Lodha Developers Apr-Jun consol revenue INR 49.97 bln
--Analysts saw Lodha Developers Apr-Jun consol revenue at INR 42.43 bln
--Lodha Developers Apr-Jun consol PAT INR 13.72 bln vs INR 6.75 bln yr ago
--Lodha Developers Q1 consol revenue INR 49.97 bln vs INR 34.92 bln yr ago
--Lodha Developers net debt INR 49.3 bln on Jun 30, dn by INR 4.46 bln in Q1
--Lodha Developers expects pre-sales of INR 240 bln in FY27
--Lodha Developers Q1 consol adjusted EBITDA INR 21.50 bln vs INR 12.00 bln
--Lodha Developers Q1 consol adjusted EBITDA margin 43.0% vs 34.4% year ago
--Lodha Developers: Q1 EBITDA margin up on higher contribution from land sales
--Lodha Developers Apr-Jun pre-sales INR 46.30 bln, up 4% on year
--Lodha Developers Apr-Jun collections INR 42.1 bln, up 46% on year
 

 

By Rajesh Gajra

 

MUMBAI – A surge in collections, modest price increases, and a higher contribution of land sales enabled Lodha Developers Ltd. to beat Street estimates on both net profit and sales by a wide margin. The bottom line posted its highest year-on-year growth in seven quarters, while revenue growth was stronger than in the previous two quarters.

 

The real estate major's consolidated net profit doubled on year to INR 13.72 billion, far exceeding analysts' expectations of INR 8.76 billion. Revenue from operations rose 43% on year to INR 49.97 billion, also beating the Street view of INR 42.43 billion.

 

The strong top-line growth for the quarter was helped by a 46% on-year rise in collections to INR 42.1 billion, which included land sales of INR 2.2 billion, and a year-to-date price growth of 3%.

 

The company's pre-sales increased only 4% year-on-year to INR 46.3 billion in the June quarter. The company indicated in its earnings investor presentation that the pre-sales will be low in the first half of 2026-27 (Apr-Mar), making up for only 40% of its FY27 guidance of INR 240 billion. A chunk of the pre-sale revenue for the quarter came from Metropolitan Mumbai Region. This region posted INR 40.0 billion in pre-sales, of which the extended eastern suburbs saw INR 18.9 billion of pre-sales. Pre-sales in Pune were INR 2.2 billion, while those in Bengaluru were INR 2 billion.

 

Lodha Developers did not launch any new projects in the June quarter. It went live with bookings for a new phase in one existing project in the Mumbai region. The company is targeting seven new project launches and 14 new phases of existing projects for the remaining part of the financial year.

 

The company accounted for INR 25.43 billion as cost of projects for the June quarter, up 21% on year. Since this made up for 77% of total expenses, and the rate of increase was significantly lower than the 43% rise in revenue from operations, it gave the biggest boost to the earnings before interest, tax, depreciation, and amortisation.

 

As per the company's earnings investor presentation, the EBITDA, after adding finance costs to the cost of projects, jumped up 79% on year to INR 21.5 billion in the June quarter, and the adjusted EBITDA margin expanded sharply to 43% from 34%. The company said in the presentation that the expansion in margin was "due to higher contribution from land sales."

 

Apart from the major help to operating profit from project costs, employee benefits expenses were up 21% to INR 1.84 billion. Finance costs were up 21% on year to INR 1.79 billion, amid a decline of INR 4.5 billion in net debt to INR 49.3 billion on Jun. 30 from Mar. 31. The average cost of debt was 7.8%, according to the presentation.

 

Other expenses, the second-largest expense item in the profit and loss account, rose 33% on year to INR 3.47 billion.

 

Friday, the company's shares ended at INR 1,144.10 on the National Stock Exchange, down 0.2% from the previous close. Lodha Developers announced its June quarter earnings after market hours.  End

 

Edited by Saji George Titus

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.