Analysts, however, said the quarter's performance did not point to a structural weakening in housing demand, with customer response remaining healthy for projects launched during the quarter
Realty firm Lodha Developers Ltd plans to launch 21 housing projects by March next year with an estimated revenue potential of Rs 24,000 crore, as it looks to expand business amid strong demand. During the first quarter of this fiscal year, Lodha Developers launched only one housing project in Mumbai Metropolitan Region (MMR) comprising 4 lakh sq ft area and revenue potential of Rs 330 crore. According to its latest investors presentation, Lodha Developers has a strong launch pipeline for the remaining three quarters of this fiscal year. It will launch seven new housing projects across MMR, Delhi-NCR, Pune, and Bengaluru with a total area of 5.9 million sq ft and a total revenue potential of Rs 9,850 crore. The company will also launch new phases in 14 existing projects totalling 9.7 million sq ft area, with a total revenue potential of Rs 14,210 crore, the presentation said. These launches will help the company in meeting the Rs 24,000-crore sales bookings target for the current
While several firms have responded with calibrated price increases to protect margins, many signalled that further price escalations could follow
Among sectoral indices, the BSE IT surged 16% followed by Consumer Durables (9%), Realty (8%) and Auto (6%). On the flip side, Capital Goods and Power indices declined 7% and 6%, respectively.
In the past month, Lodha Developers outperformed the market by surging 38 per cent, as compared to 0.05 per cent rise in the BSE Sensex and 11 per cent rally in the BSE Realty index.
Stocks to Watch today: BEL, Coal India, L&T, HUL, Bank of Baroda, Tata Power, IndiGo, Tata Chemicals, HDFC Bank, Godfrey Phillips, Tata Motors PV, Indus Towers, among others, will be in focus today.
Lodha Developers aims to generate ₹10,000 crore by monetising 150 acres at its Palava data centre park, while expanding its annuity business and data centre portfolio
Realty firm Lodha Developers Ltd is targeting 20 per cent annual growth in net profit this fiscal to Rs 4,100 crore on better demand for its housing properties and strong execution of projects. In its latest investors presentation, Mumbai-based Lodha Developers highlighted that the company has achieved best ever quarterly profit during April-June period of 2026-27 fiscal. The company's profit doubled to Rs 1,373.1 crore in April-June from Rs 675 crore in the year-ago period. On the profit after tax (PAT), Lodha Developers said the company has already achieved 33 per cent of the total guidance of Rs 4,100 crore for the entire 2026-27 fiscal. The PAT margin improved to 26.9 per cent in June quarter of FY27 from 18.6 per cent a year ago. Total income rose to Rs 5,096.7 crore from Rs 3,624.7 crore. During the entire 2025-26 fiscal, Lodha Developers logged a net profit of Rs 3,430.7 crore on a total income of Rs 17,119.5 crore. In the presentation, Lodha Developers noted that the comp
The real estate developer reported its highest-ever quarterly profit as revenue, collections and margins improved, while reaffirming its FY27 guidance
Muthuselvaraj M of Mirae Asset Sharekhan expects Kalyan Jewellers, Paytm and Lodha Developers to target ₹665, ₹1,600 and ₹1,375 on the upside owing to bullish formations on the technical charts.
Pre-sales numbers for most real estate developers are expected to stay on track in Q1FY27 to achieve targets for FY27, even as top developers like Oberoi and DLF did not launch projects this quarter
The Nifty Realty index recouped its two-day loss on Thursday led by strong gains in Brigade Enterprises, Phoenix Mills, DLF and Godrej Properties.
The BSE Realty index turned positive on an YTD basis in July, having gained over 43% from its calendar year low. Analysts flag a positive bias in the short-term, but caution over long-term; here's why
Nifty Realty index: MOFSL named Macrotech Developers (Lodha) as its preferred pick among large-cap players and also maintains a positive view on DLF and Godrej Properties
Developers have become selective in launching new projects: Analysts
Financial services company Fidelity Investments has purchased a 2 per cent stake in Lodha Developers for Rs 1,864 crore from two promoter entities through open market transactions, according to block deal data on the NSE. US-based Fidelity Investments, through its eight affiliates, including FMRC Fidelity Advisor International Capital Appreciation Fund and FRST II Strat Adv Fide Interl Fund, bought a total of 1,98,81,296 shares, or 1.99 per cent stake, in Lodha Developers. The transactions were executed in eight separate tranches on Thursday at an average price of Rs 937.85 apiece, taking the combined transaction value to Rs 1,864.56 crore. Meanwhile, two promoter group entities of Mumbai-based realty firm Lodha Developers, Hightown Constructions Pvt Ltd and Homecraft Developers and Farms Pvt Ltd, collectively sold the same number of shares at the same price, as per the data. After the stake sale, the combined holding of promoters and promoter group entities in Lodha Developers has
At 09:36 AM on Wednesday, the Nifty Realty index was the top sectoral loser, down nearly 1 per cent, as compared to 0.2 per cent rise in the Nifty 50.
Nifty Next 50 index hit a 52-week high of 73,098.9, surging 4% on the National Stock Exchange in Monday's intra-day, and has soared 7% in the past two trading days.
Bajaj Finance, Shriram Finance, Cholamandalam Investment, REC and Power Finance Corporation were up between 2.5 per cent 4 per cent in intra-day deals on Friday.
Virat Jagad, technical analyst at Bonanza believes that DLF, Sobha and Lodha are precariously placed on the charts, wherein a breach of key supports could make them vulnerable to further downside.