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Realty firm Lodha Developers Ltd aims for a 2.5 times jump in its annual net profit to over Rs 8,500 crore by the 2030-31 fiscal year as it remains bullish on demand for homes and commercial properties. In a conference call with analysts, Lodha Developers MD and CEO Abhishek Lodha highlighted the company's strong growth since listing on stock exchanges in April 2021. "In fiscal '21, which was the peak of COVID, we did Rs 60 billion of pre-sales. In FY26, we did Rs 205 billion, a 28 per cent CAGR (compounded annual growth rate)," Abhishek said. More importantly, he added, the PAT (profit after tax) has grown more than 6 times over the same period, touching Rs 3,430 crore this year with a 20 per cent margin. "Over the medium term, our goal is focused on 20 per cent CAGR in PAT and therefore, moving from about Rs 34 billion for fiscal '26 to more than Rs 85 billion by fiscal '31," said Abhishek, according to a transcript uploaded on stock exchanges. "The building blocks are all in pl
Realty firm Mahindra Lifespace Developers Ltd's sales bookings rose 21 per cent to Rs 3,405 crore last fiscal on better demand for its residential properties. Its sales bookings or pre-sales stood at Rs 2,804 crore in the 2024-25 fiscal. In its housing business, the fund collection from customers increased to Rs 2,107 crore last fiscal from Rs 1,831 crore in 2024-25. Most of the listed real estate developers performed well during the last fiscal in terms of sales bookings, even though there has been a slowdown in the pre-sales of the overall market because of a sharp rise in the price post COVID pandemic. Lower supply in the affordable and mid-income housing segments also contributed to the sluggish pre-sales. In the real estate sector, the sales bookings are an important operational metrics. The company recognises revenues on either percentage of completion method or when the entire project gets completed. On Tuesday, Mahindra Lifespace reported a 6 per cent increase in its ...