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Lodha Developers profit rises 28% YoY to Rs 1,013 crore in Sept quarter

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In short

Quarterly revenue advanced 18% to ₹4,468 crore, supported by pre-sales that climbed to ₹5,037 crore for the three-month period. First-half pre-sales reached ₹9,670 crore, which amounts to 40% of the company's full-year ₹24,000 crore target. Strong operating performance prompted Managing Director Abhishek Lodha to project that the firm will easily exceed its annual profit guidance. Expansion plans are progressing with an upcoming festive season launch in the National Capital Region and rising traction from a recent northern Bengaluru project.

Key points

  • Strong operational and financial execution in the first half is expected to push annual p…: Strong operational and financial execution in the first half is expected to push annual profits beyond original targets.
  • Established brand recognition is actively driving customer demand despite broader housing…: Established brand recognition is actively driving customer demand despite broader housing market disruption concerns.
  • Strategic expansion initiatives are expanding the developer's footprint through upcoming…: Strategic expansion initiatives are expanding the developer's footprint through upcoming launches in the NCR and Bengaluru.

Sources checked by our analysis pipeline: 1

The company's net profit for the quarter ended September rose 28% year-on-year to ₹1,013 crore, while revenue increased 18% to ₹4,468 crore. Net profit margin for the quarter stood at 22.1%.

The developer's pre-sales during the quarter grew 10% to ₹5,037 crore, taking pre-sales as of the first half of the financial year to ₹9,670 crore, which is 40% of the company's full-year guidance of ₹24,000 crore.

"We have delivered continued strong operating and financial performance in Q2 FY27, building on the momentum we have sustained since our IPO in 2021," said Abhishek Lodha, managing director, Lodha Developers. "Basis the strong performance in the first half, we expect to easily exceed our profit guidance for the year."

The company is continuing its expansion in new markets, with its Bengaluru business gaining traction following another launch in north Bengaluru. It is planning a launch in NCR during festive season and launches across new locations. The company said the response to its Bengaluru launch reaffirmed demand for established realty brands, amid concerns about the potential impact of AL-led disruption on housing demand.

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