Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Lodha Developers Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 3,255 | 1,617 | 1,750 | 2,931 | 4,018 | 2,846 | 2,626 | 4,083 | 4,224 | 3,492 | 3,798 | 4,672 | 4,714 |
| Expenses + | 2,487 | 1,289 | 1,338 | 2,055 | 2,972 | 2,090 | 1,922 | 2,777 | 3,004 | 2,508 | 2,690 | 3,257 | 3,301 |
| Operating Profit | 769 | 328 | 412 | 876 | 1,046 | 756 | 704 | 1,306 | 1,220 | 984 | 1,108 | 1,415 | 1,413 |
| OPM % | 24% | 20% | 24% | 30% | 26% | 27% | 27% | 32% | 29% | 28% | 29% | 30% | 30% |
| Other Income + | 16 | 54 | 6 | -77 | 65 | 72 | 59 | 64 | 196 | 133 | 80 | 110 | 129 |
| Interest | 117 | 124 | 123 | 117 | 116 | 117 | 136 | 144 | 152 | 148 | 156 | 185 | 167 |
| Depreciation | 30 | 24 | 29 | 33 | 117 | 60 | 66 | 67 | 78 | 66 | 71 | 98 | 111 |
| Profit before tax | 638 | 235 | 265 | 649 | 878 | 651 | 560 | 1,158 | 1,186 | 904 | 961 | 1,243 | 1,264 |
| Tax % | -17% | 24% | 24% | 22% | 24% | 27% | 24% | 18% | 22% | 25% | 18% | 23% | 20% |
| Net Profit + | 746 | 179 | 203 | 505 | 667 | 476 | 423 | 945 | 923 | 675 | 790 | 958 | 1,008 |
| EPS in Rs | 7.73 | 1.85 | 2.09 | 5.22 | 6.69 | 4.78 | 4.25 | 9.47 | 9.24 | 6.76 | 7.90 | 9.58 | 10.09 |
Financials of Lodha Developers Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 6,236 | 8,249 | 7,926 | 9,677 | 11,907 | 12,443 | 5,449 | 9,233 | 9,470 | 10,316 | 13,780 | 16,676 |
| Expenses + | 4,769 | 6,123 | 6,313 | 7,995 | 8,728 | 10,526 | 4,066 | 7,047 | 7,406 | 7,651 | 9,791 | 11,755 |
| Operating Profit | 1,467 | 2,126 | 1,614 | 1,682 | 3,179 | 1,917 | 1,383 | 2,186 | 2,064 | 2,665 | 3,989 | 4,921 |
| OPM % | 24% | 26% | 20% | 17% | 27% | 15% | 25% | 24% | 22% | 26% | 29% | 30% |
| Other Income + | 423 | 510 | 584 | 285 | 72 | 119 | -140 | 293 | -1,037 | 48 | 390 | 452 |
| Interest | 492 | 988 | 736 | 390 | 568 | 740 | 1,136 | 688 | 482 | 482 | 552 | 657 |
| Depreciation | 128 | 450 | 460 | 395 | 194 | 292 | 73 | 75 | 93 | 204 | 272 | 345 |
| Profit before tax | 1,269 | 1,198 | 1,001 | 1,182 | 2,489 | 1,003 | 33 | 1,716 | 452 | 2,028 | 3,556 | 4,371 |
| Tax % | 37% | 41% | 42% | 33% | 34% | 26% | -44% | 30% | -8% | 23% | 22% | 22% |
| Net Profit + | 798 | 703 | 584 | 794 | 1,644 | 742 | 48 | 1,208 | 490 | 1,554 | 2,767 | 3,431 |
| EPS in Rs | 18.46 | 16.25 | 12.91 | 10.03 | 20.66 | 9.19 | 0.51 | 12.49 | 5.05 | 15.58 | 27.71 | 34.32 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 20% | 14% | 15% | 12% |
Financials of Lodha Developers Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 108 | 108 | 113 | 396 | 396 | 396 | 396 | 482 | 482 | 994 | 998 | 999 |
| Reserves | 3,186 | 3,865 | 3,920 | 4,756 | 3,445 | 4,156 | 4,203 | 11,624 | 12,181 | 16,475 | 19,180 | 22,287 |
| Borrowings + | 11,852 | 13,835 | 16,183 | 22,616 | 25,641 | 18,423 | 18,193 | 11,537 | 9,060 | 7,698 | 7,094 | 9,896 |
| Other Liabilities + | 12,752 | 13,173 | 13,715 | 12,483 | 20,382 | 17,717 | 16,516 | 14,763 | 17,399 | 22,031 | 22,325 | 25,754 |
| Total Liabilities | 27,898 | 30,981 | 33,931 | 40,251 | 49,864 | 40,693 | 39,308 | 38,404 | 39,122 | 47,198 | 49,597 | 58,937 |
| Fixed Assets + | 2,290 | 1,899 | 1,753 | 2,197 | 2,139 | 2,021 | 1,946 | 1,923 | 1,828 | 1,169 | 1,368 | 2,651 |
| CWIP | 4 | 176 | 109 | 6 | 6 | 6 | 6 | 0 | 0 | 4 | 4 | 0 |
| Investments | 595 | 611 | 1,180 | 1,384 | 1,405 | 1,553 | 1,579 | 574 | 246 | 2,500 | 1,250 | 1,454 |
| Other Assets + | 25,008 | 28,295 | 30,888 | 36,664 | 46,314 | 37,112 | 35,776 | 35,908 | 37,048 | 43,524 | 46,976 | 54,832 |
| Total Assets | 27,898 | 30,981 | 33,931 | 40,251 | 49,864 | 40,693 | 39,308 | 38,404 | 39,122 | 47,198 | 49,597 | 58,937 |
Financials of Lodha Developers Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 387 | 1,469 | 696 | -463 | 3,772 | 2,524 | 1,998 | 2,750 | 2,512 | 1,566 | 959 | |
| Cash from Investing Activity + | -854 | -1,174 | -651 | -175 | 182 | 420 | 1,139 | 1,789 | -2,947 | 47 | -780 | |
| Cash from Financing Activity + | 330 | -312 | 24 | 736 | -4,188 | -2,835 | -2,888 | -3,706 | 951 | -2,506 | 1,589 | |
| Net Cash Flow | -137 | -16 | 69 | 97 | -234 | 109 | 250 | 834 | 516 | -893 | 1,768 | |
| Free Cash Flow | 289 | 1,405 | 654 | -562 | 3,743 | 2,530 | 1,965 | 2,674 | 2,346 | 1,091 | 709 | |
| CFO/OP | 34% | 119% | 75% | -5% | 201% | 176% | 100% | 143% | 95% | 55% | 39% |
Financials of Lodha Developers Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 63 | 30 | 28 | 29 | 15 | 23 | 44 | 26 | 28 | 28 | 21 | 32 |
| Inventory Days | 1,500 | |||||||||||
| Days Payable | 127 | |||||||||||
| Cash Conversion Cycle | 63 | 30 | 28 | 29 | 15 | 23 | 44 | 26 | 28 | 28 | 21 | 1,405 |
| Working Capital Days | 655 | 590 | -166 | -262 | -0 | -31 | 114 | 360 | 387 | 442 | 441 | 432 |
| ROCE % | 13% | 9% | 7% | 11% | 6% | 7% | 10% | 9% | 11% | 15% | 17% |