Lodha Developers Stock Soars After Impressive Q2 Results

This realty stock was in the spotlight today as the company declared its Q2 results with an impressive 87 percent growth in profit and a 44 percent growth in revenue.

The shares of Lodha Developers Ltd, a leading real estate developer in India, gained around 3.6 percent, closing at Rs 1,197.5 and hitting a high of Rs 1,214.50. Compared to its previous day closing price of Rs 1,172.10, the shares are trading at a 22 percent discount from their 52-week high of Rs 1,534. The company's current PE ratio of 36 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 44 percent increase from Rs 2,625 crore in Q2 FY25. On a sequential basis, it increased by 9 percent from Rs 3,491 crore in Q1 FY26.

The profit after tax (PAT) grew by 87 percent year-over-year (YoY), from Rs 423 crore in Q2 FY25 to Rs 790 crore in Q2 FY26. On a quarter-over-quarter (QoQ) basis, it increased by 17 percent from Rs 675 crore in Q1 FY26.

The company 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. It also generated pre-sales of Rs 45.7 billion, a 7 percent increase YoY, and collections of Rs 34.8 billion, a 13 percent increase YoY.

Outlook

Lodha Developers has plans for significant launches in H2 across various cities, on track to meet their FY26 guidance of Rs 21,000 crore. The company aims to achieve expected Q3 pre-sales of Rs 6,000 crore. The operating cash flow guidance is set at Rs 7,700 crore, and the GDV of new projects is expected to cross Rs 25,000 crore. The debt-to-equity ratio is projected to be at 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 has about 40 operating projects across luxury, premium, mid-income, and affordable segments.

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