The record
Written from the 1 report below. Nothing here is unsourced.
- Lodha Developers has doubled its quarterly net profit to ₹1,373.1 crore in the April-June quarter of FY27, up from ₹675 crore a year earlier, with total income rising to ₹5,096.7 crore.
- The Mumbai-based realtor has set a full-year net profit target of ₹4,100 crore, 20 per cent higher than last fiscal's ₹3,430.7 crore, and says it has already achieved 33 per cent of that guidance.
- The company attributes its confidence to strong housing demand, better margins, low leverage and consolidation favouring tier-1 brands, while noting its market share in its target segment is only 3.5 per cent.
- Lodha also reported 4 per cent growth in quarterly sales bookings to ₹4,630 crore and plans its first housing project launch in Delhi-NCR this fiscal.
What to watch next
- Progress toward the ₹4,100 crore FY27 profit guidance in upcoming quarterly results
- Launch of Lodha's first housing project in Delhi-NCR this fiscal
- Whether sales bookings growth accelerates beyond the 4 per cent reported in Q1
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Named India · Bengaluru · Delhi-NCR · Mumbai Metropolitan Region · Pune · Abhishek Lodha · Lodha Developers Ltd
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