Macrotech Developers Limited has informed the Exchange regarding 'Key Operational Updates for Q1FY26'.
LODHA · price
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Awaiting price reaction for this filing.
Lodha Developers reported Q1FY26 pre-sales of INR 44.5bn, up 10% YoY from INR 40.3bn, despite losing about 2 weeks of activity due to geopolitical tensions. Collections grew 7% YoY to INR 28.8bn, in line with plan, with H2 expected to be significantly stronger. The company added 5 new projects across Mumbai, Pune, and Bengaluru with a Gross Development Value of INR 227bn, already covering over 90% of the full-year business development guidance of INR 250bn. Net debt remained comfortable at INR 50.8bn, well below the 0.5x net debt-to-equity ceiling, and the company reiterated its FY26 pre-sales guidance of INR 210bn.
Strong operational performance with healthy YoY growth in both pre-sales and collections supports the existing FY26 guidance, likely positive for the stock. The robust business development pipeline already covering 90%+ of full-year guidance signals strong future revenue visibility, while low leverage provides room for further growth investments.