Lodha Developers Limited has informed the Exchange about Transcript of Earnings Conference Call on Audited Financial Results for the quarter and financial year ended March 31, 2026
LODHA · price
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Lodha Developers delivered its strongest Q4 ever with presales of INR 58.9 billion, up 23% YoY. Full year FY26 presales reached INR 205 billion (up 16%), with PAT of INR 34.3 billion growing 24% and touching 20% margin for the first time. The company added 12 projects with INR 600 billion GDV (2.4x own guidance), bringing available GDV for sale to INR 2 trillion. FY27 guidance targets presales of INR 240 billion with 32-34% embedded EBITDA margin. Over the medium term, management targets 20% PAT CAGR, growing from INR 34 billion to over INR 85 billion by FY31, with annuity income expected to reach INR 10 billion annually by FY31 (10x the current INR 3 billion rental base).
The stock offers a compelling combination of growth (17% presales guidance, 20% PAT CAGR target) and deleveraging (net debt/equity at 0.23x, heading toward DevCo debt-free). With 20% PAT margins achieved and margin guidance of 32-34% EBITDA for FY27, profitability metrics are improving. The company is transitioning from a pure-play developer to include annuity income streams, reducing earnings volatility.