Lodha Developers' Stock Surges 5% After Signing ₹30,000 Crore MoU with Maharashtra Government
The shares of Lodha Developers Ltd rose by 5% in today's trading session after the company signed a ₹30,000 crore Memorandum of Understanding with the Maharashtra government to develop a 2 GW data center park, expected to create 6,000 jobs.
Lodha DevelopersMaharashtraReal EstateData CenterStock MarketReal Estate MaharashtraSep 12, 2025
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.
Frequently Asked Questions
What is the significance of the MoU signed by Lodha Developers with the Maharashtra government?
The MoU signed by Lodha Developers with the Maharashtra government is significant because it involves a Rs 30,000 crore investment to develop a 2 GW data center park. This project is expected to create 6,000 jobs and boost India’s digital infrastructure and economic growth.
How did the stock price of Lodha Developers perform after signing the MoU?
The stock price of Lodha Developers rose by 5% in today’s trading session after the company signed the MoU with the Maharashtra government, reflecting the market's positive response to the strategic partnership.
What are the key financial highlights of Lodha Developers in Q1FY26?
In Q1FY26, Lodha Developers reported a 23% year-on-year increase in revenue to Rs 3,492 crore and a 42% increase in net profit to Rs 675 crore. These results highlight solid financial momentum and strengthened profitability.
What is the ‘20:20’ action plan of Lodha Developers?
The ‘20:20’ action plan of Lodha Developers targets a 20% 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. The plan also aims for 20% RoE and strong embedded EBITDA margins.
What is the Maharashtra government's role in promoting data center parks?
The Maharashtra government has launched the Green Integrated Data Centre Parks policy to promote sustainable power use and establish three data center parks in the MMR region. This initiative aims to attract top global and domestic players and boost eco-friendly infrastructure and industrial expansion.
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