Sri Lotus Developers and Realty Limited has informed the Exchange about Transcript
LOTUSDEV · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sri Lotus Developers reported a strong Q3 FY26 with pre-sales of INR376 crores, up 247% year-on-year, driven by the launch of project Varun in Bandra. Revenue grew 93% YoY to INR224 crores, while profit after tax rose 37% YoY to INR70 crores. EBITDA margin stood at 35.5% for the quarter, and the company held net cash of INR845 crores as of December 31, 2025. Management reaffirmed FY26 pre-sales guidance of INR1,100–1,300 crores, EBITDA margin guidance of 35–40%, and PAT margins of 25–30% for the next 2–3 years. The company disclosed a robust pipeline of 20 projects with a total gross development value of INR16,000–17,000 crores, including 2 luxury projects (Lotus Aquaria and Lotus Celestia) expected to launch in Q4 FY26 with over INR2,000 crores revenue potential. Management indicated no need for debt for the next two years and mentioned plans to propose a dividend policy soon.
The strong quarterly performance and reaffirmed guidance, combined with a deep project pipeline and net cash position, signal solid growth visibility for shareholders. The asset-light redevelopment model and absence of near-term capital needs are positives, while margin guidance at 35–40% is a normalization from a one-off higher level last year rather than a structural improvement.