DLF vs Lodha: Choosing the Best Real Estate Stock for Your Portfolio
Lodha Developers, founded in 1980, is one of India's largest real estate firms with projects spanning across Mumbai, Pune, Hyderabad, Bengaluru, and more. This article compares DLF and Lodha to help you decide which one to choose for your investment portfolio.
Real EstateDlfLodhaInvestmentPortfolioReal Estate PuneSep 08, 2025
DLF Ltd (NSE: DLF) has a market capitalization of Rs. 1,88,173 crore and trades at Rs. 760 per share. Over the past one year, the stock has declined by 8 percent, underperforming the broader realty index. The stock hit a 52-week high of Rs. 928.70. For the quarter ended June 2025 (Q1FY26), DLF reported a sharp year-on-year rise in revenue from operations, which surged 99.4 percent from Rs. 1,362 crore to Rs. 2,717 crore. Operating profit rose 59.0 percent from Rs. 229 crore to Rs. 364 crore, while profit before tax (PBT) grew 12.4 percent from Rs. 458 crore to Rs. 515 crore. Net profit also increased 18.3 percent year-on-year, from Rs. 645 crore to Rs. 763 crore.
Operationally, DLF recorded new sales bookings of Rs. 11,425 crore, reflecting a 78 percent year-on-year growth. Total collections stood at Rs. 2,794 crore, while the company generated a net cash surplus of Rs. 1,131 crore. Net debt of its rental subsidiary DCCDL stood at Rs. 17,287 crore. A major highlight for the quarter was the rapid sell-out of its luxury project DLF Privana North in Gurugram, with a value of Rs. 11,000 crore sold within just one week of launch.
Lodha Developers Ltd (NSE: LODHA) has a market capitalization of Rs. 1,18,288 crore and currently trades at Rs. 1,185. Unlike DLF, the stock has declined by a modest 0.67 percent in the past year. It touched a 52-week high of Rs. 1,534.25. In Q1FY26, Lodha posted a revenue of Rs. 3,492 crore, a 22.7 percent increase from Rs. 2,846 crore in the same quarter last year. Operating profit rose 30.2 percent to Rs. 984 crore from Rs. 756 crore. Profit before tax jumped 38.8 percent from Rs. 651 crore to Rs. 904 crore, while net profit increased 41.8 percent, rising from Rs. 476 crore to Rs. 675 crore.
Lodha’s pre-sales reached Rs. 4,450 crore, marking a 10 percent year-on-year growth despite a temporary slowdown in activity due to geopolitical tensions. Collections for the quarter stood at Rs. 2,840 crore, while the company’s net debt was reported at Rs. 5,080 crore. The company maintained a robust EBITDA margin of 33 percent. During the quarter, Lodha added five new projects across MMR, Pune, and Bengaluru with a gross development value (GDV) of Rs. 22,700 crore, covering more than 90 percent of its full-year guidance.
DLF Ltd, with its subsidiaries and joint ventures, is involved in end-to-end real estate development. Its business model covers land acquisition, project planning, execution, leasing, hospitality, power generation, and maintenance services. DLF is also a dominant player in the commercial leasing space through its rental arm DCCDL. On the other hand, Lodha Developers, founded in 1980, is one of India’s largest real estate firms with projects spanning across Mumbai, Pune, Hyderabad, Bengaluru, and even London. It operates in both residential and commercial real estate and is known for its asset light model with aggressive land monetisation and joint development strategy.
When considering which stock to invest in, it's essential to evaluate your investment goals and risk tolerance. DLF offers a strong presence in the commercial leasing market and has shown significant growth in sales bookings. Lodha, on the other hand, has demonstrated robust profitability and a diversified project portfolio. Both companies have their unique strengths, and the choice ultimately depends on your investment strategy and the market conditions at the time of investment.
Frequently Asked Questions
What is DLF's market capitalization?
DLF's market capitalization is Rs. 1,88,173 crore.
How much did DLF's revenue grow in Q1FY26?
DLF's revenue grew by 99.4 percent in Q1FY26, from Rs. 1,362 crore to Rs. 2,717 crore.
What is Lodha Developers' market capitalization?
Lodha Developers' market capitalization is Rs. 1,18,288 crore.
How did Lodha's net profit change in Q1FY26?
Lodha's net profit increased by 41.8 percent in Q1FY26, from Rs. 476 crore to Rs. 675 crore.
What is Lodha's EBITDA margin?
Lodha maintained a robust EBITDA margin of 33 percent in Q1FY26.
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