Lodha Developers' Q1 net profit doubles to record Rs 1,373 cr

Realty major Lodha Developers has reported a two-fold rise in consolidated net profit to a record Rs 1,373 crore for the quarter ended June 30, 2026, driven by strong revenue growth and robust operating cash flows, even as the company reduced debt and maintained low leverage.

Revenue for the quarter grew 43% year-on-year to Rs 4,997 crore, while collections increased 46% to Rs 4,205 crore. Pre-sales during the quarter stood at Rs 4,629 crore, the company said in a release.

The developer reduced its net debt by Rs 446 crore during the quarter to Rs 4,931 crore, supported by strong operating cash flows. Its net debt-to-equity ratio stood at 0.2x, well below its internal ceiling of 0.5x. Lodha’s exit cost of debt for the quarter remained stable at 7.8%.


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“We have delivered our best-ever quarterly profit in the first quarter, continuing the strong momentum built through FY26…On the back of strong structural housing demand and accelerating consolidation in favour of tier-1 brands like Lodha, company is confident of growing its profit at 20% CAGR over the long term. Our market share in the target segment is at 3.5% and thereby a long runway to grow over medium to long term,” said Abhishek Lodha, MD, Lodha Developers.

He said the company’s growth, rising profitability and return on equity, along with low leverage, position it well to capitalise on sustained housing demand and sector consolidation in favour of larger branded developers.

During the quarter, the company sold land to Digital Edge India, a joint venture between Digital Edge (Singapore) and the National Investment and Infrastructure Fund (NIIF), at its Green Data Center Park in Navi Mumbai’s Palava at a price of over Rs 42 crore per acre.


According to Lodha, the transaction reinforces the value of its Palava landholding, which it said has appreciated more than 15 times over the past five years.

The company also reiterated its plans to significantly expand its annuity business, targeting more than 10-fold growth in annual annuity income over the next six years to over Rs 3,000 crore per annum. The growth is expected to be driven by data centres with 1GW capacity, warehousing and industrial parks, and high-street retail assets.

Lodha said that after undertaking significant business development over the last five years and building a project pipeline with a gross development value of nearly Rs 2,00,000 crore available for sale, excluding land bank earmarked for use beyond the next five years, it expects its development business to become net debt-free over the next few years.