Lodha Developers Q1FY26 Results: Profit Surges 42% to Rs 674 Crore
Lodha Developers reported a 42% year-over-year growth in profit, reaching Rs 674 crore in Q1FY26. The company attributes this success to robust revenue growth, industry tailwinds, and strong financial leverage.
Real EstateLodha DevelopersProfit GrowthRevenue GrowthIndustry TailwindsReal Estate NewsJul 26, 2025
Lodha’s revenue from operations increased by 22.66% YoY, reaching ₹3,491.7 crore. The company attributes this growth to favorable industry conditions, which they refer to as 'industry tailwinds.' These tailwinds include low home-ownership levels, rising household incomes, strong affordability, and low mortgage rates.
Abhishek Lodha, the managing director and chief executive officer of Lodha Developers, highlighted the company's strategic focus. “Structural industry tailwinds, combined with the increasing desire of customers to own quality homes from branded developers like Lodha, form the cornerstone of our business strategy. We aim to deliver a 20% topline growth on a sustainable basis for the foreseeable future,” he stated.
The company's total expenses for the quarter also increased, rising by 20.01% to ₹2,721 crore. Despite this, Lodha's adjusted earnings before interest, taxes, depreciation, and amortisation (Ebitda) for the quarter stood at ₹1,200 crore, a 25% increase YoY. The Ebitda margin was recorded at 34.4%.
Earlier, Lodha Developers reported its best-ever Q1 pre-sales performance, with pre-sales of ₹4,450 crore, up 10% YoY. Abhishek Lodha noted that this performance would have been even stronger had the company not faced a two-week period of uncertainty due to the India-Pakistan war.
In Q1 FY26, Lodha added five new projects across the Mumbai metropolitan region, Pune, and Bengaluru, with a gross development value (GDV) of ₹22,700 crore. This achievement represents more than 90% of its FY26 business development guidance. “This takes the total GDV addition since our IPO to more than ₹1 trillion, spread across 48 projects. This is a testament to the attractiveness of the ‘Lodha’ brand and our successful ‘supermarket’ strategy for land acquisition in each micro-market,” Lodha added.
Additionally, the company’s net debt as of Q1 FY26 stood at ₹5,080 crore, with a net debt-to-equity ratio of 0.24x, well below its ceiling of 0.5x. The exit cost of debt for Q1 FY26 was 8.3%, down 40 basis points from the previous quarter, which is among the lowest in the industry.
Sequentially, the company’s revenue declined by 17%, and its profit dipped by 26.79%. Despite these short-term fluctuations, Lodha Developers remains optimistic about its long-term growth prospects and its ability to deliver consistent, predictable growth.
Frequently Asked Questions
What was the profit growth of Lodha Developers in Q1 FY26?
Lodha Developers reported a 42% year-over-year (YoY) growth in profit, reaching ₹674.7 crore in Q1 FY26.
What factors contributed to Lodha Developers' revenue growth?
The revenue growth was attributed to favorable industry conditions, including low home-ownership levels, rising household incomes, strong affordability, and low mortgage rates.
How did Lodha Developers perform in pre-sales during Q1 FY26?
Lodha Developers reported its best-ever Q1 pre-sales performance, with pre-sales of ₹4,450 crore, up 10% YoY.
What new projects did Lodha Developers add in Q1 FY26?
Lodha Developers added five new projects across the Mumbai metropolitan region, Pune, and Bengaluru, with a gross development value (GDV) of ₹22,700 crore.
What is Lodha Developers' net debt-to-equity ratio as of Q1 FY26?
Lodha Developers' net debt-to-equity ratio as of Q1 FY26 stood at 0.24x, well below its ceiling of 0.5x.
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