Lodha Developers Q2FY26 results: Profit surges 84% to ₹778.7 crore

Mumbai based realty major on track to deliver full year pre-sales guidance of Rs 21,000 crore

Lodha Developers’ profit (attributable to owners of the company) for the second quarter of the financial year 2026 (Q2FY26) soared by 84.1 per cent year-on-year (Y-o-Y) to ₹778.7 crore. The profit growth is on the back of revenue growth, “significant operating, and financial leverage”, the company said.

 

Lodha’s revenue (from operations) increased by 44.7 per cent Y-o-Y, to ₹3,798.5 crore. The revenue topped the Bloomberg analysts’ poll estimate of ₹3,158.7 crore. Meanwhile, the profit also beat the estimate of ₹547.6 crore.

 

The company’s adjusted earnings before interest, taxes, depreciation, and amortisation (Ebitda) for the quarter stood at ₹ 1,310 crore, up 37 per cent Y-o-Y. Meanwhile, its Ebitda margin stood at 34.4 per cent.

 

 

Earlier, the company reported pre-sales of ₹4,570 crore, up 7 per cent Y-o-Y amid limited launches in what’s typically considered a muted quarter for realty due to monsoons and inauspicious Shraddh period. This was the company's best-ever Q2 in terms of pre-sales.

 

Lodha’s collections during the same period stood at ₹3,480 crore, up 13 per cent Y-o-Y.

 

During the quarter under review, Lodha added one new project in the Mumbai metropolitan region with a gross development value (GDV) of ₹2,300 crore, to its portfolio in Q2FY26.

 

With this, the company achieved its full-year business guidance of ₹25,000 crore in H1FY26 itself. It further has a robust business addition pipeline. In Q1FY26, the company added five new projects across MMR, Pune, and Bengaluru with a GDV of ₹22,700 crore. 

 

Abhishek Lodha, managing director and chief executive officer, Lodha Developers, said, “We find strong market momentum with continuing strength in walk-ins and conversions. Our non-launch weekly sales are now approaching ₹300 crore per week, showcasing the strength of our well-diversified spread of projects. With significant launches planned in H2, following the resolution of the environmental clearance process by the Supreme Court in August, we are on track to deliver our full year pre-sales guidance of ₹21,000 crore.”

 

In the first half of FY26, Lodha recorded pre-sales of ₹9,020 crore, up 8 per cent Y-o-Y, meanwhile the collections for the same period stood at ₹5,760 crore, up 10 per cent Y-o-Y.

 

“Low homeownership levels, rising household incomes, low mortgage rates and improving affordability have created an unprecedented opportunity for organised branded developers like us. At Lodha, we see these trends not just as favourable market dynamics, but as the foundation of our long-term strategy. Our focus on design excellence, superior execution, and customer-centricity positions us to capture this demand and deliver sustainable top line growth of 20% year after year,” Lodha added.

 

In H1FY26, the company’s revenue grew by 33.22 per cent to ₹7,290.2 crore, while its profit grew by 62.92 per cent to₹ 1,463.4 crore.

 

Additionally, the company’s net debt as of September 30, 2025, stood at ₹5,370 crore, while its net debt-to-equity ratio stood at 0.25x, below its ceiling of 0.5x.

 

Sequentially, the company’s revenue grew by 8.8 per cent, while its profit grew by 15.4 per cent.

 

During the quarter, the company signed a Memorandum of Understanding (MoU) of ₹30,000 crore with Maharashtra for setting up a data centre park in Palava, a planned urban township near Dombivli in the Mumbai metropolitan region.