Lodha Developers Q1 FY26 earnings call: Revenue & Margins
Q1 FY26 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹3,492Cr
- +22.7% YoY
- −17.3% QoQ
- Net profit
- ₹675Cr
- +41.8% YoY
- −26.9% QoQ
- Margin
- 28%
- +1 pp YoY
- −1 pp QoQ
Guidance rank: #27 of 43 in Realty
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The short version
Expect overall sales growth with presales guidance for the full year on track, targeting around Rs. 250 billion in launches for FY '26, with heavier emphasis in H2. Lodha Developers expects price growth of 5%-6% this fiscal, higher than last year, supporting margin expansion.
From Lodha Developers's Q1 FY26 earnings-call transcript · updated 26 Aug 2026.
Revenue & Sales Performance
- Expect overall sales growth with presales guidance for the full year on track, targeting around Rs. 250 billion in launches for FY '26, with heavier emphasis in H2.
- Non-launch weekly sales expected to increase from Rs. 275-280 crores in July to Rs. 300 crores by year-end, implying strong steady demand.
- Mid-income segment demand is beginning to pick up, with higher conversion rates noted in recent months, expected to strengthen in H2.
- Strong growth anticipated in Bangalore with a shift from pilot to growth phase, aiming for significant scale in the premium segment.
- Sales growth is broad-based across Mumbai, Pune, and Bangalore, with no single project dominating growth.
2 more points from Lodha Developers's call on revenue
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Profitability & Margins
Lodha Developers expects price growth of 5%-6% this fiscal, higher than last year, supporting margin…
Locked: what Lodha Developers said on margins
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Capital Expenditure Plans
- Lodha plans gradual entry into the Delhi NCR market with pilot projects and moderate investments, aiming for launches in fiscal 2027 after securing land deals.
- Significant business development addition in Bangalore with five new projects totaling Rs. 84 billion in the last quarter, showing strong land acquisition momentum.
- Bangalore growth phase supported by building a high-caliber core team and establishing Lodha as a premium brand with emphasis on quality product and customer experience.
- Continued focus on premium and luxury developments across key markets (Mumbai, Pune, Bangalore).
- Emphasis on infrastructure and township developments, like Palava with upcoming highway operational towards fiscal year-end.
2 more points from Lodha Developers's call on capex
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
Net debt stood at Rs. 50.8 billion with a low net debt-to-equity ratio of 0.24x, well below the ceiling of…
Locked: what Lodha Developers said on fundraising
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Order Book & Pipeline
- The company has a new launch pipeline of Rs. 13,300 crores for the rest of the year.
- Out of this, Rs. 10,000 crores of launches are expected from Mumbai Metropolitan Region (MMR) and Pune.
- Environmental clearance issues are impacting about Rs. 3,000-4,000 crores worth of launches in Mumbai, which may be unlocked in the second half of the year.
- In Bangalore, the company is transitioning from a pilot phase with Rs. 1,900 crores cumulative sales over two years to a growth phase focusing on premium segment developments.
- Weekly non-launch sales are strong, averaging around Rs. 275 crores in July 2025, expected to increase to Rs. 300 crores per week by year-end.
2 more points from Lodha Developers's call on order book
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Lodha Developers — Quarterly revenue & net profit
Lodha Developers Q1 FY26 results — key figures
| ₹ Cr | Q1 FY26 | Q1 FY25 | YoY | Q4 FY25 | QoQ |
|---|---|---|---|---|---|
| Revenue | 3,492 | 2,846 | +22.7% | 4,224 | -17.3% |
| Operating profit (EBITDA) | 984 | 756 | +30.2% | 1,220 | -19.3% |
| Operating margin | 28% | 27% | +1 pp | 29% | -1 pp |
| Profit before tax | 904 | 651 | +38.9% | 1,186 | -23.8% |
| Net profit (PAT) | 675 | 476 | +41.8% | 923 | -26.9% |
| EPS (₹) | 6.76 | 4.78 | +41.4% | 9.24 | -26.8% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹4.5K Cr, net profit ₹1.0K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Lodha Developers's management said in earlier quarters
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Lodha Developers Q1 FY26 results?
Expect overall sales growth with presales guidance for the full year on track, targeting around Rs. 250 billion in launches for FY '26, with heavier emphasis in H2. Lodha Developers expects price growth of 5%-6% this fiscal, higher than last year, supporting margin expansion.
What is Lodha Developers share price analysis?
Lodha Developers currently shows a neutral. The stock trades at a P/E of 30.1 with a market cap of ₹124,098 Cr. Investors should review the full earnings analysis for detailed insights.
Is Lodha Developers planning capital expenditure?
Lodha plans gradual entry into the Delhi NCR market with pilot projects and moderate investments, aiming for launches in fiscal 2027 after securing land deals.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.