Pune, 26th July 2026: Lodha Developers has started FY27 with its strongest quarterly performance ever, reporting record profit and revenue as demand for premium homes remained strong and project deliveries gathered pace.
The Mumbai-based real estate developer posted a net profit of ₹1,372.1 crore for the quarter ended June 30, up 103.4 per cent from the same period last year. This is the highest quarterly profit in the company’s history. Revenue from operations also rose sharply by 43.1 per cent year-on-year to ₹4,996.7 crore, supported by higher construction progress and stronger customer payments.
The results were ahead of market expectations, highlighting the continued strength of India’s premium housing market even after several years of strong growth.
One of the biggest positives during the quarter was cash collections from homebuyers, which increased 46 per cent year-on-year to ₹4,205 crore. Pre-sales, or the total value of homes sold during the quarter, rose 4 per cent to ₹4,629 crore. While both collections and sales were lower than the previous quarter, the company said home prices across its projects have increased by around 3 per cent so far this financial year, reflecting steady demand.
The company’s earnings also improved because it earned more from every rupee of revenue. Operating profit (EBITDA) increased 79 per cent to ₹2,150 crore, while the operating margin expanded to 43 per cent, compared with 34 per cent a year ago. The improvement was helped by higher earnings from land sales as well as better project execution. Although total expenses rose 22.1 per cent due to increased construction and project costs, revenue grew at a much faster pace, leading to stronger profitability.
Lodha further strengthened its financial position during the quarter by reducing its net debt by ₹446 crore to ₹4,931 crore. Its net debt-to-equity ratio stood at 0.2 times, well below the company’s internal limit of 0.5 times, giving it financial flexibility for future expansion.
During the quarter, the company added a new residential project in Pune with a gross development value (GDV) of ₹2,300 crore. GDV refers to the estimated total revenue that can be generated from selling all the units in a project. Lodha also continued expanding its portfolio of assets that generate regular rental and lease income.
Another notable development was the completion of the sale of land at its Green Data Center Park in Palava to Digital Edge India. According to the company, the transaction demonstrates the significant increase in the value of its land holdings over the past few years.
Despite the record quarter, Lodha has not changed its guidance for the full financial year. It continues to target pre-sales of ₹24,000 crore and profit after tax (PAT) of ₹4,100 crore for FY27.
On the profit front, the company said it has already achieved 33 per cent of its full-year PAT target in the first quarter itself. With ₹1,372.1 crore in net profit during the April-June period, Lodha has completed roughly one-third of its ₹4,100 crore profit goal for FY27.
Looking beyond this year, the developer has reiterated its long-term plan to grow profit after tax at a compound annual growth rate (CAGR) of around 20 per cent, with the aim of crossing ₹8,500 crore in annual profit by FY31.
Management believes demand for quality housing will remain healthy as more buyers prefer established developers with a strong execution record. Alongside its residential business, Lodha also expects its portfolio of income-generating commercial assets to become a much larger contributor over the coming years. The company projects annual annuity income from businesses such as data centres, warehousing, industrial parks and high-street retail properties to grow more than tenfold, exceeding ₹3,000 crore within the next six years.
