Lodha delivers its best ever Q1 pre-sales of INR 44.5 bn; Adds 5 new projects with INR 227 bn of Gross Development Value and robust Embedded EBITDA margin of 33%.
Q1FY26 Operational & Financial Overview
- Pre-sales: INR 44.5 bn (+10% YoY)
- Collections: INR 28.8 bn (+7% YoY)
- Revenues from Ops: INR 34.9 bn (+23% YoY)
- Adj. EBITDA: INR 12.0 bn (+25% YoY)
- PAT: INR 6.8 bn (+42% YoY)
Commenting on the performance, Abhishek Lodha, MD & CEO, Lodha Developers Ltd. said, “It is heartening to note that Q1FY26 has turned out to be our best ever 1st Quarter Pre-sales Performance at INR 44.5 bn, clocking a 10% YoY growth. This performance would’ve been even superior had our sales not been impacted during the two weeks of uncertainty due to the India- Pakistan war. Structural industry tailwinds on the back of low home-ownership levels, rising household incomes, strong affordability, low mortgage rates, combined with ever-increasing customers’ desire to own quality homes from branded developers like Lodha forms the cornerstone of our business strategy to deliver 20% topline growth on a sustainable basis for the foreseeable future. On the back of interest rate cuts and the benefit from income tax cuts, we are seeing pick up in mid-income demand and we expect this to strengthen in H2 of this FY. We are pleased to share that we have achieved more than 90% of our FY26 business development guidance in the first quarter itself. We added five projects at marquee locations in MMR, Pune and Bengaluru with INR 227 bn of GDV potential. This takes the total GDV addition since our IPO to more than INR 1 tn, spread across 48 projects, which is a testament of the ‘Lodha’ brand attractiveness to land owners and the successful on-ground implementation of our ‘super market’ strategy for land acquisition in each micro-market. Such strong Business Development provides the opportunity and visibility for a consistent, granular and predictable growth over the long term. Despite the significant investments in business development in this quarter, our net debt stands at INR 50.8 bn (0.24x Net Debt/ Equity) - well below our ceiling of 0.5x Net Debt/Equity. Our exit cost of debt for Q1FY26 stands at 8.3% (down 40 bps for the quarter)- among the lowest in the industry. Our Profit After Tax for Q1 stands at INR 6.8 bn (+42% YoY growth) on the back of 23% revenue growth, coupled with significant operating and financial leverage.”
