Lodha Developers' Q2 Results Show Strong Growth, Boosting Realty Stock
Lodha Developers, one of India's largest real estate developers, has announced impressive Q2 results with an 87% growth in profit and a 44% increase in revenue. The company's shares have seen a significant gain, reflecting the positive market sentiment.
Real EstateLodha DevelopersQ2 ResultsProfit GrowthMarket PerformanceReal Estate MumbaiOct 31, 2025
With a market capitalization of Rs 1,19,570 crore, Lodha Developers' shares closed at Rs 1,197.5, marking a 3.6% gain. The stock hit a high of Rs 1,214.50, compared to its previous closing price of Rs 1,172.10. Despite the gains, the shares are still trading at a 22% discount from their 52-week high of Rs 1,534. The company's price-to-earnings (PE) ratio stands at 36, which is lower than its median PE of 48.8.
Q2 FY26 Result Highlights
The revenue from operations for the company stood at Rs 3,798 crore, a significant 44% year-over-year (YoY) increase from Rs 2,625 crore in Q2 FY25. On a quarter-over-quarter (QoQ) basis, the revenue grew by 9% from Rs 3,491 crore in Q1 FY26.
The profit after tax (PAT) grew by 87% YoY, with Q2 FY26 figures at Rs 790 crore compared to Rs 423 crore in Q2 FY25. On a QoQ basis, the PAT increased by 17% from Rs 675 crore in Q1 FY26.
The company has also achieved its full-year business development goal of Rs 250 billion gross development value (GDV) in the first half of the fiscal year. In Q2 FY26, it added one new project with a GDV of Rs 23 billion. Pre-sales amounted to Rs 45.7 billion, a 7% YoY increase, while collections reached Rs 34.8 billion, up 13% YoY.
Outlook
Lodha Developers has ambitious plans for the second half of the fiscal year. The company aims to launch significant projects across various cities, on track to meet their FY26 guidance of Rs 21,000 crore in pre-sales. The expected pre-sales for Q3 are Rs 6,000 crores. The operating cash flow guidance is set at Rs 7,700 crore, and the gross development value (GDV) of new projects may exceed Rs 25,000 crores. The company aims to maintain a debt-to-equity ratio of 0.5 times.
Established in the 1980s, Lodha Developers is among India’s largest real estate developers, with over 85 million square feet (msf) of developed properties, primarily in the Mumbai Metropolitan Region (MMR). The company operates about 40 projects across luxury, premium, mid-income, and affordable segments, catering to a diverse range of customer needs.
Conclusion
The strong Q2 results from Lodha Developers have bolstered investor confidence and positioned the company well for future growth. With a robust pipeline of projects and a focus on sustainable development, Lodha Developers is well-equipped to navigate the dynamic real estate market and continue delivering value to its stakeholders.
Frequently Asked Questions
What is the market capitalization of Lodha Developers?
Lodha Developers has a market capitalization of Rs 1,19,570 crore.
How much did Lodha Developers' shares gain in Q2 FY26?
Lodha Developers' shares gained around 3.6% in Q2 FY26.
What was the revenue growth for Lodha Developers in Q2 FY26?
Lodha Developers reported a 44% year-over-year (YoY) increase in revenue in Q2 FY26.
What is the profit after tax (PAT) growth for Lodha Developers in Q2 FY26?
Lodha Developers reported an 87% year-over-year (YoY) growth in profit after tax (PAT) in Q2 FY26.
What is Lodha Developers' debt-to-equity ratio target for FY26?
Lodha Developers aims to maintain a debt-to-equity ratio of 0.5 times for FY26.
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