Lodha Developers Limited has informed the Exchange about Investor Presentation
LODHA · price
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Lodha Developers reported Q1 FY26 pre-sales of INR 44.5bn, up 10% YoY, despite a roughly two-week disruption from geopolitical tensions. Revenue grew 22.7% YoY to INR 34.9bn, adjusted EBITDA rose 25.3% to INR 12.0bn with margin expanding 70bps to 34.4%, and adjusted PAT jumped 41.9% to INR 6.8bn. The company added five new projects with gross development value (GDV) of INR 227bn in Q1, already crossing 90% of its full-year guidance of INR 250bn, and net debt-to-equity stood at a comfortable 0.24x against a 0.5x ceiling, with average cost of debt down about 40bps QoQ to 8.3%. Management reiterated its '20:20' action plan targeting ~20% pre-sales CAGR to reach INR ~500bn by FY31, alongside a 6x scale-up in annuity income to INR ~15bn, while sustaining ~33% embedded EBITDA margins and ~20% RoE. Collections of INR 28.8bn and handovers of 1,287 units further underscore strong execution.
The presentation reinforces Lodha's growth runway and balance-sheet strength, with all FY26 KPIs tracking ahead of guidance, which is likely to be viewed positively by investors. Focus on a multi-year FY31 roadmap, ramping annuity income, and disciplined leverage supports a constructive outlook for the stock, though execution on the ambitious 20% pre-sales CAGR target remains key to watch.