Lodha Developers Ltd Q3FY26: Records ₹5,620 Cr Pre-Sales, Explosive Business Development

Lodha Developers Limited has announced key operational updates for Q3FY26:

a) Pre-sales: We achieved our best ever quarterly pre-sales of ₹ 56.2bn in Q3FY26, with 25% YoY growth and 23% QoQ growth. Strong momentum in our sustenance sales and significant launch pipeline in Q4 will support achievement of our pre-sales guidance of ₹ 210 bn for the year.

b) Collections: Collections were ₹ 35.6bn for Q3FY26. This is lower than Q3FY25 which had one-off inflows from large land and office sales. Collections are expected to scale up significantly in coming quarters.

c) Business development: In Q3FY26, we added five projects with GDV of ₹ 338bn in MMR, NCR and Bengaluru. This takes 9MFY26 business development at ₹ 588bn, which is 2.35x of our annual guidance of ₹ 250bn. This significant business development will allow us to have better visibility of future growth and support higher profitability in upcoming acquisitions.

Our pilot in NCR has started with two projects on joint development basis, reflecting our risk calibrated approach to capital deployment. NCR is the second-largest housing market in the country with a shortage of trusted quality developers and a fragmented supply landscape. The NCR entry will enable us to serve nearly 80% of the housing demand across the top seven Indian cities.

d) Net debt: Despite the significant investment in business development in 9M, our net debt stood at ₹ 61.7bn, well below our ceiling of 0.5x Net debt/Equity.

Shares of Lodha Developers Limited was last trading in BSE at Rs. 1111.70 as compared to the previous close of Rs. 1120.40. The total number of shares traded during the day was 450688 in over 2994 trades.

The stock hit an intraday high of Rs. 1126.30 and intraday low of 1100.00. The net turnover during the day was Rs. 504583043.00.

Aforesaid nos. are provisional, subject to limited review