Lodha Developers Achieves Record Q1 Pre-Sales, Exceeds FY26 Project Guidance
Lodha Developers reports its highest-ever first-quarter pre-sales of Rs 4,450 crore, marking a 10% year-on-year growth. The company has already achieved over 90% of its full-year business development guidance in Q1.
Lodha DevelopersReal EstatePresalesQ1fy26Housing DemandReal Estate PuneJul 26, 2025
The company also reported a significant 42% rise in net profit to Rs 680 crore from Rs 480 crore in the year-ago period. This strong financial performance is a testament to the company's strategic initiatives and market positioning.
During the quarter, Lodha Developers added five new projects across key markets, including the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru. These projects have a combined gross development value (GDV) of Rs 22,700 crore, pushing the company to achieve over 90% of its full-year business development guidance in just the first quarter.
The company’s revenue from operations increased by 23% year-on-year to Rs 3,490 crore in the quarter. Additionally, the adjusted operating profit rose by 25% to Rs 1,200 crore, resulting in a robust margin of 34.4%.
Abhishek Lodha, MD & CEO of Lodha Developers, highlighted the company’s strong performance, stating, “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.” He noted that the performance would have been even better had it not been for the two weeks of uncertainty due to the India-Pakistan war.
The company expects sustained growth driven by structural tailwinds such as low home ownership, rising incomes, strong affordability, and a growing preference for quality homes from branded developers. Sushil Kumar Modi, ED, Finance, Lodha Developers, added, “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.”
Modi further stated that the company’s sustenance sales have increased from Rs 250 crore per week last year to Rs 300 crore, indicating 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,” he added.
Lodha Developers provided guidance for Rs 21,000 crore pre-sales for 2025-26, representing around 20% growth over last year’s Rs 17,630 crore performance. Since its initial public offer, the company has added over Rs 1 lakh crore of GDV across 48 projects, reinforcing its market positioning.
Despite significant investments in business development, the company’s net debt stands 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 has also come down by 40 basis points to 8.3%, one of the lowest in the industry.
Looking ahead, Lodha Developers anticipates a further pickup in mid-income housing demand in the second half of the fiscal year, driven by expected interest rate and income tax cuts. The company’s ‘super market’ strategy, aimed at acquiring land across multiple micro-markets, continues to attract landowners and partners, solidifying its position in the real estate market.
Frequently Asked Questions
What was Lodha Developers' pre-sales performance in Q1FY26?
Lodha Developers reported its highest-ever first-quarter pre-sales of Rs 4,450 crore for the June quarter of 2024-25, marking a 10% year-on-year growth.
How much did Lodha Developers' net profit increase in Q1FY26?
Lodha Developers' net profit increased by 42% to Rs 680 crore from Rs 480 crore in the year-ago period.
What new projects did Lodha Developers add in Q1FY26?
Lodha Developers 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.
What is Lodha Developers' guidance for FY26 pre-sales?
Lodha Developers provided guidance for Rs 21,000 crore pre-sales for 2025-26, representing around 20% growth over last year’s Rs 17,630 crore performance.
What factors are expected to drive housing demand in the second half of FY26?
Lodha Developers anticipates a further pickup in mid-income housing demand in the second half of the fiscal year, driven by expected interest rate and income tax cuts.
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