Sri Lotus Developers Reports 80% Increase in Q2 Net Profit, Launches Two New Projects
Sri Lotus Developers & Realty, a prominent luxury and ultra-luxury real estate developer in Mumbai, has reported a robust financial performance for the second quarter of fiscal year 2026, marked by significant growth in profit and pre-sales.
The company's consolidated net profit for Q2 FY26 surged by 80% to ₹461.50 crore, up from ₹256.00 crore in the same period last year. This impressive growth was driven by a substantial increase in revenue, which rose to ₹1,761.10 crore in Q2 FY26, compared to ₹1,227.40 crore in Q2 FY25, representing a 43.5% year-on-year growth.
Key Financial Highlights: - Revenue: ₹1,761.10 crore (Q2 FY26) vs. ₹1,227.40 crore (Q2 FY25) - +43.5% YoY - EBITDA: ₹504.00 crore (Q2 FY26) vs. ₹294.50 crore (Q2 FY25) - +71.1% YoY - Net Profit: ₹461.50 crore (Q2 FY26) vs. ₹256.00 crore (Q2 FY25) - +80.3% YoY - Pre-Sales: ₹257.00 crore (Q2 FY26) vs. ₹114.00 crore (Q2 FY25) - +125.4% YoY
Sri Lotus Developers reported impressive pre-sales of ₹257.00 crore in Q2 FY26, marking a substantial 125.4% increase from ₹114.00 crore in Q2 FY25. This growth underscores the strong demand for the company's luxury and ultra-luxury offerings in the Mumbai real estate market.
The quarter was marked by two significant project launches: 1. The Arcadian (Juhu): Received bookings of ₹92.00 crore within the first week of launch. 2. Amalfi (Versova): Garnered bookings of ₹38.00 crore in its initial week.
These successful launches contributed to the company's strong pre-sales performance and demonstrate the market's positive response to Sri Lotus Developers' projects.
Sri Lotus Developers has announced plans to launch four new projects in the second half of FY26: 1. Project Varun (Bandra) 2. Lotus Aquaria (Prabhadevi) 3. Lotus Celestial (Versova) 4. Lotus Trident (Andheri West)
With these upcoming launches and a robust project pipeline, the company has reiterated its annual guidance of ₹1,100-1,300 crore in pre-sales, 75-85% year-on-year growth in revenue, and 30-35% year-on-year growth in PAT for FY26.
Anand Pandit, Chairman & Managing Director of Sri Lotus Developers, commented on the results: 'We continue to strengthen our presence across our core micro-markets, while simultaneously expanding in newer precincts such as Bandra and Prabhadevi. The brand acceptance of Lotus Developers is clearly visible in our growing Business Development pipeline.'
He further added, 'With a robust pipeline, a strong balance sheet with a net cash position of ₹851.00 crore as of September 2025, and sustained demand for premium redevelopment in our key markets, we remain confident of achieving our targets and continuing this growth trajectory in the quarters ahead.'
Sri Lotus Developers' Q2 FY26 results reflect the company's strong position in the luxury real estate segment of Mumbai, with significant growth in financials and pre-sales, successful new project launches, and an optimistic outlook for future expansion.
