Lodha Developers Achieves Record Q1 Pre-Sales, Exceeding 90% of FY26 Project Guidance
Lodha Developers reports its highest-ever first-quarter pre-sales of Rs 4,450 crore, a 10% increase from the previous year. Revenue rises 23% to Rs 3,490 crore, and the company adds five new projects across MMR, Pune, and Bengaluru.
Lodha DevelopersReal EstatePresalesFy26MmrReal Estate PuneJul 26, 2025
The listed developer also added five new projects during the quarter across key markets, including the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru, with a combined gross development value (GDV) of Rs 22,700 crore. This significant addition has enabled the developer to achieve over 90% of its full-year business development guidance in just the first quarter.
The company’s revenue from operations rose 23% year-on-year to Rs 3,490 crore in the quarter, while adjusted operating profit increased by 25% to Rs 1,200 crore, translating into a robust margin of 34.4%.
“Our Q1FY26 has turned out to be our best ever first-quarter pre-sales performance at Rs 4,450 crore, clocking a 10% on-year growth,” said Abhishek Lodha, MD & CEO, Lodha Developers. “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.”
He added that the combination of structural tailwinds such as low home ownership, rising incomes, strong affordability, and growing preference for quality homes from branded developers is expected to support the company’s goal of delivering 20% topline growth on a sustained basis.
“We had initially guided for Rs 18,000 crore of launches in FY26, of which Rs 8,000 crore has already gone live in Q1. Given the strong pipeline and accelerated execution, we are now looking at launches worth over Rs 25,000 crore,” said Sushil Kumar Modi, ED, Finance, Lodha Developers.
According to him, the company’s sustenance sales averaged around Rs 250 crore per week last year and that has now graduated to Rs 300 crore, reflecting a step-up in baseline demand.
“With the sustenance sales and the sales activity in the new launches, we are clearly heading to deliver Rs 21,000 crore in pre-sales this year, while business development activity remains firmly on track to outperform the guidance,” Modi added.
Lodha had provided guidance of Rs 21,000 crore pre-sales for 2025-26, representing around 20% growth over last year’s Rs 17,630 crore performance.
The developer has now highlighted that since its initial public offer, it has added over Rs 1 lakh crore of GDV across 48 projects. Lodha’s ‘super market’ strategy, aimed at acquiring land across multiple micro-markets, continues to attract landowners and partners, reinforcing the brand’s market positioning.
Despite significant investments in business development during the quarter, the company said its net debt stood at Rs 5,080 crore, with a net debt-to-equity ratio of 0.24x, below the internal ceiling of 0.5x. The exit cost of debt for Q1FY26 came down by 40 basis points to 8.3%, among the lowest in the industry, the developer said.
On the back of expected interest rate and income tax cuts, Lodha anticipates a further pickup in mid-income housing demand in the second half of the fiscal year.
Frequently Asked Questions
What is the significance of Lodha Developers' Q1 pre-sales performance?
Lodha Developers' Q1 pre-sales performance of Rs 4,450 crore represents a 10% year-on-year growth, marking the highest-ever first-quarter pre-sales for the company. This performance is a strong indicator of the company's robust market position and growth potential.
How has Lodha Developers' net profit changed in Q1?
Lodha Developers' net profit surged by 42% to Rs 680 crore in Q1, up from Rs 480 crore in the same period last year. This significant increase highlights the company's strong financial health and operational efficiency.
What new projects did Lodha Developers add in Q1?
Lodha Developers added five new projects across the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru during Q1, with a combined gross development value (GDV) of Rs 22,700 crore. These projects have helped the company achieve over 90% of its full-year business development guidance in just the first quarter.
What is Lodha Developers' revenue growth in Q1?
Lodha Developers' revenue from operations increased by 23% year-on-year to Rs 3,490 crore in Q1. This growth demonstrates the company's strong operational performance and market demand for its projects.
What is Lodha Developers' strategy for future growth?
Lodha Developers' strategy for future growth includes a focus on structural tailwinds such as low home ownership, rising incomes, strong affordability, and a growing preference for quality homes from branded developers. The company also plans to launch projects worth over Rs 25,000 crore in FY26, up from the initial guidance of Rs 18,000 crore.
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