Sri Lotus Developers & Realty Limited, a developer of luxury and ultra-luxury residential and commercial properties in Mumbai, with a focus on redevelopment and joint development projects, announced its unaudited financial results for the quarter ended 30th June 2025.
FY26 Guidance: Expect healthy uptick in Pre-Sales & Revenues Annual Pre-Sales of INR 1,100 – 1,300 Crs., increase by 125% – 165% YoY Annual Revenues to increase by 75% – 85% YoY
Key Business & Financial Updates Three significant launches—The Arcadian (Juhu), Amalfi (Versova), and Varun (Bandra)—are lined up by September 2025. Construction has already commenced, and with strong customer interest, we expect bookings for all three projects to materialize thereafter. The total saleable carpet area of these three projects is ~2.2 lakh sq. ft., with an estimated GDV of ~INR 1,400–1,500 Crs.
The company expects to launch three new projects in the remaining part of FY26—Lotus Aquaria (Prabhadevi), Lotus Celestial (Versova), and Lotus Trident (Andheri West)—while remaining confident of completing a large part of the sales of completed projects, i.e., Ananya, Ayana, and Arc One.
During the current financial year, the company has added four new projects. Development agreements were executed for two projects—Lotus Portifino (Versova) and Lotus Sky Plaza (Oshiwara)—while societies at Lotus Avalon (Juhu) and Lotus Imperial (Bandra) have appointed Lotus as their developer.
Key Financial Highlights for Q1 FY26 Total Revenue stood at INR 61 Crs. EBITDA stood at INR 29 Crs. with EBITDA Margins at 48.0% Profit After Tax stood at INR 26 Crs. Pre-Sales stood at INR 61 Crs. with Collections of INR 70 Crs.
Statement from Management Commenting on the result, Mr. Anand K Pandit, Chairman & Managing Director, Sri Lotus Developers & Realty Limited said:
“6th August 2025 marked a historic milestone for Sri Lotus Developers & Realty Limited with its debut on NSE and BSE — a proud moment for the entire Lotus family. A heartfelt thank you to all stakeholders, investors, and business partners for their continued trust and support.
For Q1FY26, revenues stood at INR 61 Crs with a Profit After Tax of INR 26 Crs. We have three significant launches—Project The Arcadian (Juhu), Project Amalfi (Versova), and Project Varun (Bandra)—lined up by September 2025. Construction has already commenced, and with strong customer interest, we expect bookings for all three projects to materialize thereafter.
The demand in the luxury and ultra-luxury housing segment remains resilient. In Mumbai, redevelopment continues to be a critical growth driver, given land scarcity and the large number of buildings coming up for redevelopment each year. We believe the opportunity is immense, and our strong presence in this segment positions us well to capture it. Backed by our in-house capabilities across construction, sales, business development, and after-sales services, we remain optimistic about the opportunities ahead. This helps us drive superior control over quality, materials, and customer satisfaction.
As a Net Debt-Free company, supported by a strong net cash balance of INR 905 Crs, we remain well-capitalized to fund growth. We are on track to launch three new projects in the remaining part of FY26 and are confident of achieving pre-sales of INR 1,100–1,300 Crs. with revenue growth of 75–85% and PAT growth of 30–35%.
With strong market fundamentals, our asset-light redevelopment-driven model, sharp focus on timely execution and quality delivery, we are confident of meeting our targets thereby strengthening the Lotus Developers brand in Mumbai’s real estate market.”
