Lodha Developers Ltd - Q4FY26 Key Operational Updates

Lodha Developers Limited (Formerly known as Macrotech Developers Limited) has announced key operational updates for Q4FY26:

Operational Performance Overview

The company demonstrated consistent growth across its primary sales and cash flow metrics for both the final quarter and the full fiscal year:

Record Annual Pre-Sales: For the full year FY26, pre-sales reached ₹205.3 billion, marking a solid 16% Year-on-Year (YoY) growth compared to ₹176.3 billion in FY25.

Quarterly Sales Momentum: Q4 FY26 pre-sales stood at ₹58.9 billion, an increase of 23% YoY and a 5% sequential (QoQ) rise, making it one of the strongest quarters in the company's history.

Robust Collections: The company recorded its highest quarterly collections in Q4 FY26 at ₹52.3 billion, a massive 47% surge compared to the previous quarter (Q3 FY26) and an 18% increase over the same period last year.

Annual Collections: Full-year collections grew to ₹151.6 billion, up 5% from the ₹144.9 billion recorded in FY25.

a) Pre-sales: We achieved our best ever quarterly pre-sales of ₹ 58.9bn in Q4FY26 (+23% YoY). Our presales for the full year stood at ₹ 205.3bn in FY26 (+16% YoY growth) - March saw select deferral of sales due to the Iran war leading to pre-sales being ₹ 4.7 bn below guidance.

b) Collections: Collections were ₹ 52.3bn for Q4FY26 (+18% YoY), significantly picking up from previous quarter as construction activity ramped up. FY26 collections were ₹ 151.6bn, (+5% YoY).

c) Business development: We added one project in MMR with GDV of ₹ 13bn in Q4FY26. During FY26, we added twelve projects across MMR, Pune, Bengaluru and NCR with GDV of ₹ ~600bn, 2.4x our annual guidance. As of 1st April 2026, the Company has GDV amounting to ₹ ~2 trillion available for sale (excluding land bank in townships which will not be used in next 5 years). Consequently, we expect to reduce business development investments over the next 24 months and increase free cash flow.

d) Net debt: Our net debt reduced by ₹ 8.0bn to ₹ 53.7bn during the quarter on the back of strong collections. Despite significant investment in business development in FY26, our Net debt/Equity stands at 0.23x, well below our ceiling of 0.5x Net debt/Equity.

Shares of Macrotech Developers Limited was last trading in BSE at Rs. 718.30 as compared to the previous close of Rs. 711.95. The total number of shares traded during the day was 125855 in over 4951 trades.

The stock hit an intraday high of Rs. 723.75 and intraday low of 702.60. The net turnover during the day was Rs. 90231268.00.

Source : Equity Bulls

Keywords

LodhaDevelopers INE670K01029 Realty Q4FY26 OperationalUpdates