Lodha Developers posted an 86.6 percent growth in consolidated net profit at Rs 789.8 crore in the quarter ended September 30 of the current financial year, compared to Rs 423.1 crore in the year-ago period, a stock exchange filing said on October 30.
The real estate developer had reported a net profit of Rs 675.1 crore in the June quarter of FY26, the filing showed.
The Mumbai-based company’s revenue jumped 44.6 percent to Rs 3,798.5 crore in the second quarter, over Rs 2,625.7 crore in the same period of the previous financial year.
In the April to June quarter, the total revenue stood at Rs 3,491.7 crore, the filing showed.
Abhishek Lodha, managing director and chief executive, Lodha Developers Ltd. Said, “We are pleased to deliver our best ever Q2 performance with pre-sales of Rs 4,570 crore, up 7 percent YoY. We find strong market momentum with continuing strength in walk-ins and conversions. Our non-launch weekly sales are now approaching Rs 300 crore per week, showcasing the strength of our well-diversified spread of projects. With significant launches planned in H2, following the resolution of the Environmental Clearance process by the Hon’ble Supreme Court in August, we are on track to deliver our full year pre-sales guidance of Rs 2,100 crore.”
In addition, Lodha said that organized branded developers have “unprecedented opportunity” in the country because of low homeownership, rising household incomes and low mortgage rates along with improving affordability.
Moreover, the Lodha boss welcomed government’s decision to cut goods and services tax rate, which will help increase disposable income in the consumers’ hands.
“The cut in interest rates is also encouraging. We continue to invest in long-term growth due to our belief in India’s economy and the long-term nature of its real estate upcycle,” Lodha said.
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