Key Takeaways
- Lodha Developers’ consolidated net profit more than doubled to Rs 1,373 crore in Q1 FY27, its highest-ever quarterly profit, per Economic Times and Free Press Journal, citing the exchange filing.
- Profit attributable to owners of the company rose 103.36% YoY to Rs 1,372.1 crore, per Business Standard, the small gap from the consolidated figure reflects minority-interest adjustments, not a data conflict.
- Revenue from operations climbed 43.1% YoY to Rs 4,996.7 crore; total income (which includes other income) rose to Rs 5,096.7 crore from Rs 3,624.7 crore.
- Pre-sales grew a comparatively modest 4% YoY to Rs 4,630 crore; collections rose 46% YoY to Rs 4,205 crore.
- Adjusted EBITDA jumped 79% YoY to Rs 2,150 crore, with margin expanding to 43% from 34%.
- Net worth rose to Rs 24,309 crore; net debt-to-equity held at 0.2x, well inside the company’s 0.5x ceiling.
Mumbai-based realty major Lodha Developers Ltd on Friday, July 24, 2026, reported its highest-ever quarterly profit, with consolidated net profit for the first quarter of FY27 more than doubling year-on-year to Rs 1,373 crore, according to a regulatory filing cited by Economic Times and Free Press Journal.
Business Standard reported the profit attributable to owners of the company rose 103.36 per cent YoY to Rs 1,372.1 crore, a metric that nets out minority interest and runs marginally below the consolidated number.
The board approved the results on July 24, Free Press Journal reported. Revenue from operations increased 43.1 per cent YoY to Rs 4,996.7 crore, while total income rose to Rs 5,096.7 crore from Rs 3,624.7 crore. Sales bookings, or pre-sales, grew 4 per cent YoY to Rs 4,630 crore for the April-June quarter.
Revenue, Profit and Margin Snapshot
| Metric | Q1 FY27 | Q1 FY26 | YoY Change |
|---|---|---|---|
| Net Profit (Consolidated) | â‚ą1,373 crore | â‚ą675 crore | ~103% |
| Profit Attributable to Owners | â‚ą1,372.1 crore | â‚ą674.7 crore | 103.36% |
| Revenue from Operations | â‚ą4,996.7 crore | â‚ą3,491.7 crore | 43.1% |
| Total Income | â‚ą5,096.7 crore | â‚ą3,624.7 crore | ~40.6% |
| Pre-sales / Bookings | â‚ą4,630 crore | â‚ą4,450 crore | 4% |
| Collections | ₹4,205 crore | — | 46% |
| Adjusted EBITDA | ₹2,150 crore | — | 79% |
| EBITDA Margin | 43% | 34% | +9 percentage points |
Source: Company regulatory filing, with reported figures and additional disclosures cross-verified using Business Standard, The Economic Times and Free Press Journal.
Check Live: LODHA DEVELOPERS Options Chart | Nifty Trader
Balance Sheet Strength and Sequential Trends
Quarter-on-quarter, profit rose 36.1 per cent from Rs 1,008 crore in Q4 FY26, while revenue increased 6 per cent from Rs 4,714 crore, per Business Standard and Free Press Journal. Net worth stood at Rs 24,309 crore as of June 30, 2026, up from Rs 22,914 crore at March-end, Free Press Journal reported.
The current ratio improved to 1.83 from 1.75, and the debt service coverage ratio strengthened to 2.48 from 1.40. Sequential bookings momentum was softer, though: pre-sales fell 21.4 per cent QoQ and collections declined 19.59 per cent QoQ, per Business Standard, after a seasonally strong March quarter.
Total expenses rose 22.1 per cent YoY to Rs 3,322.6 crore, driven by a 21.36 per cent rise in project costs. Net debt fell Rs 446 crore sequentially to Rs 4,931 crore, taking net debt-to-equity to 0.2x. Exit cost of debt held steady at 7.8 per cent.
Management Commentary
Abhishek Lodha, managing director and CEO, said, “Our growth, coupled with rising profitability and ROEs alongside low leverage, sets Lodha apart,” attributing the performance to structural housing demand and consolidation toward established developers. He noted the company’s market share in its target segment stands at 3.5 per cent, calling it a long runway for growth, and reiterated confidence in a 20 per cent long-term profit CAGR.
Business Highlights: Data Centres, Annuity Income and New Projects
Digital Edge India, a joint venture between Digital Edge Singapore and NIIF, bought land in Lodha’s Green Data Centre Park at Palava, Navi Mumbai, at over Rs 42 crore per acre during the quarter, per Economic Times and Business Standard.
The company said its Palava landholding value has risen over 15-fold in five years.
The annuity business generated Rs 300 crore of income in Q1 FY27, with management targeting a 10-fold rise to over Rs 3,000 crore annually within six years, led by data centres, warehousing, industrial parks and retail.
The company added one Pune project with a GDV of Rs 2,300 crore during the quarter.
FY27 Guidance
Lodha has guided for pre-sales of Rs 24,000 crore and PAT of Rs 4,100 crore for FY27, targeting a 20 per cent PAT CAGR to over Rs 8,500 crore by FY31, per Business Standard.
The company currently operates in MMR, Pune and Bengaluru, and Economic Times reported it plans its first Delhi-NCR launch this fiscal, a market where residential sales value overtook Mumbai’s to rank as India’s largest in 2024, at Rs 1.53 lakh crore versus Mumbai’s Rs 1.38 lakh crore, according to PropEquity data cited by Business Standard, though rankings can shift year to year.
Also Check: LODHA DEVELOPERS Option Chain (NSE) — Live OI, PCR & Greeks
Key Risks to Watch
Analysts typically flag a few factors for real estate earnings of this scale: any slowdown in housing demand from higher interest rates or affordability pressure; delays in regulatory approvals or launches in new markets such as Delhi-NCR; rising construction costs weighing on margins; and intensifying competition from other listed developers in the premium segment.
NiftyTrader Desk View
| Stock | Key Technical Trigger | Trader View |
|---|---|---|
| Lodha Developers Ltd | Trading at Rs 1,144.10, down 4.60% (Rs 55.15) over the past five sessions; within its one-month range of Rs 931–Rs 1,225.20, per NiftyTrader data updated July 24, 2026 | Near-term price action likely reflects how the market weighs the profit beat against the sequential decline in pre-sales and collections |
Lodha Developers remains part of the NSE F&O segment, so movements in futures open interest and options positioning in the sessions following results are likely to draw additional trader attention.
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Bottom Line
Lodha Developers closed Q1 FY27 with its strongest-ever quarterly profit and sharp margin expansion, powered by a large land-monetisation deal and steady collections growth, even as sequential bookings cooled from the March quarter’s peak. With FY27 guidance in place and a Delhi-NCR entry planned, the numbers will be watched for confirmation of the company’s 20 per cent long-term profit CAGR target.
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