Lodha Developers' Stock Surges 5% After Signing ₹30,000 Crore MoU with Maharashtra Government
The shares of the prominent real estate developer, Lodha Developers Ltd, rose up to 5 percent in today’s trading session after the company signed a Memorandum of Understanding (MoU) with the Maharashtra government worth Rs 30,000 crore. This significant boost in stock price reflects the market's positive response to the strategic partnership and the potential it holds for the company's future growth.
With a market capitalisation of Rs 1,17,229.86 crore, the shares of Lodha Developers Ltd were trading at Rs 1,174.20 per share, decreasing around 0.43 percent as compared to the previous closing price of Rs 1,179.25 apiece. According to the exchange filing, Lodha Developers Ltd signed the MoU with the Maharashtra government for setting up a data center park in Palava.
Lodha Developers, with a legacy of several decades in construction, will play a crucial role in developing the data center park for various players interested in setting up data centers. The MoU proposes a massive Rs 30,000 crore investment to develop a 2 GW capacity park, aimed at attracting top global and domestic players. This project is expected to generate around 6,000 direct and indirect jobs, contributing significantly to India’s digital infrastructure and economic growth.
The Maharashtra government has identified integrated data centers as a key growth driver, fueled by the rising demand from cloud, AI, and digital services. To support this, it launched the Green Integrated Data Centre Parks policy, ensuring sustainable power use. Three parks will be established in the MMR region, promoting eco-friendly infrastructure and industrial expansion.
The company delivered a strong Q1FY26 performance, with revenue rising 23 percent year-on-year to Rs 3,492 crore, driven by robust demand and execution. Net profit surged 42 percent to Rs 675 crore, reflecting improved margins and efficiency. These results highlight solid financial momentum and strengthened profitability, positioning the company well for sustained growth ahead.
The company remains on track to meet FY26 guidance across key metrics. In Q1FY26, it achieved Rs 44.5 bn in pre-sales, with plans to achieve 40–45 percent in H1 and the balance in H2. New project additions were strong at Rs 227 bn, close to the annual target, while net debt/equity stayed comfortable at 0.24x.
The ‘20:20’ action plan targets 20 percent CAGR in pre-sales, growing from Rs 176 bn in FY25 to Rs 500 bn by FY31, alongside a sixfold rise in annuity income to Rs 15 bn. With a net debt ceiling of 0.5x D/E, the plan aims for 20 percent RoE and strong embedded EBITDA margins.
In summary, the signing of the MoU with the Maharashtra government is a significant milestone for Lodha Developers, highlighting its commitment to sustainable and profitable growth. The company’s robust project pipeline and strong financial performance further reinforce its position in the real estate and data center sectors.
