Lodha Developers Limited has informed the Exchange regarding a press release dated July 26, 2025, titled "Press Release on Unaudited Financial Results for the quarter ended June 30, 2025".
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Lodha Developers reported its best-ever Q1 pre-sales of INR 44.5 billion, up 10% year-on-year, though management noted sales were partly hurt by two weeks of uncertainty during the India-Pakistan conflict. Profit after tax jumped 42% to INR 6.8 billion, with margin expanding to 18.6% from 16.3%, supported by 23% revenue growth to INR 34.9 billion and a healthy 34.4% adjusted EBITDA margin. The company added 5 new projects in MMR, Pune and Bengaluru with a combined gross development value (GDV) of INR 227 billion, already achieving over 90% of its full-year business development target in just one quarter. Net debt stayed comfortable at INR 50.8 billion (0.24x net debt-to-equity, well below the 0.5x ceiling), and cost of debt fell 40 basis points to 8.3%. Management reiterated a 20% sustainable topline growth guidance and expects mid-income housing demand to pick up in H2 FY26 on the back of interest rate cuts and income tax benefits.
A strong across-the-board quarter with record pre-sales, sharp profit growth, expanding margins, and a robust project pipeline, which is likely to be viewed positively by investors. The low leverage, falling borrowing costs, and visible growth pipeline (over INR 1 trillion GDV added since IPO) provide comfort, though near-term sentiment may be tempered by macro factors like the India-Pakistan tensions mentioned by management.