Lodha Net Debt Reduced By Rs 6.1Bn To Rs 43.2Bn

Disclosure pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, the Lodha key operational updates for Q3FY25 are as below:

Best ever quarter pre-sales of INR 45.1bn, showing 32% YoY growth. The company with this has achieved pre-sales of INR ~128.2bn in 9mFY25 showing 25% YoY growth.

Collections were INR 42.9bn for Q3FY25 showing a growth of 66% YoY. The company also added one new project in Bengaluru with GDV of INR 28bn. With this, it has five locations in Bengaluru. These are expected to provide opportunity for significant pre-sales growth in Bengaluru from next FY onwards. With this, the company has added 8 new projects in 9mFY25 with INR ~195bn of GDV across MMR, Bengaluru and Pune, thus achieving 90+% of our full year guidance.

During the quarter, it also acquired ~33 acres of land for our Digital Infrastructure (warehousing and industrial) business in the NCR and entered into an agreement with JV partner to further increase our stake in the rental income (PropCo) from Digital Infrastructure platform. This is in line with its planned strategy for calibrated growth in our annuity income thus de-risking the development business.

On the back of strong collections, its net debt reduced by INR 6.1bn to INR 43.2bn, well below the ceiling of 0.5x Net Debt/Equity.