Lodha Developers Q1 Results: Net profit increases 42% to Rs 675 crore

Lodha Developers

Real estate firm Lodha Developers on Saturday reported its consolidated net profit at Rs 675 crore, up 42% from Rs 475 crore reported in the corresponding quarter of the previous financial year.

The Mumbai-based developer’s pre-sales during the reported quarter increased by 10 percent year-on-year to Rs 4,450 crore.

“The growth in pre-sales was reasonably within our expectations. However, we would have reported more by way of pre-sales but for the India-Pakistan crisis in May. We remain in line with our guidance for FY26 for a pre-sales growth of 20 percent year-on-year,” said SK Modi, executive director at Lodha Developers, in a post-results interaction with Moneycontrol.

The company’s consolidated revenue also increased to Rs 3,624 crore in Q1 FY26 from Rs 2,918 crore in Q1 FY25.

Lodha launched projects worth around Rs 8,300 crore during the quarter, with most of them being in Mumbai, and the rest being in Bengaluru. The Mumbai launches included a project in Juhu, and a villa and townhouse project at the seaside resort town of Alibaug.

Modi added that the company has achieved upto 90 percent of its business development guidance for FY26 of Rs 25,000 crore, and it is expected to enhance Lodha’s launch pipeline this year. However, launches during the ongoing quarter are expected to be limited to new phases at existing locations, due to seasonality in sales.

“We always aim to time our launches during the festive season, and major launches this year are expected in the third and fourth quarter this year. Launches in the ongoing quarter are expected to be in the form of new phases at our ongoing projects,” said Modi.

On July 25, shares of Lodha Developers closed 3.7 percent lower at Rs 1,277 apiece on the National Stock Exchange.