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Sri Lotus Developers and Realty Q2 FY27 results: net profit up 91.0% to ₹88.53 crore, revenue up 52.5%
Sri Lotus Developers and Realty Limited reported consolidated revenue of ₹268.58 crore and a net profit of ₹88.53 crore for Q2 FY27. Revenue rose 52.5% from Q2 FY26, while EBITDA rose 112.7% to ₹107.26 crore and the margin widened to 39.9%.
Key points
- Consolidated Q2 FY27 revenue was ₹268.58 crore, up 52.5% from ₹176.11 crore in Q2 FY26.
- EBITDA rose 112.7% to ₹107.26 crore, with the margin increasing 11.3 percentage points to 39.9%.
- Net profit rose 91.0% to ₹88.53 crore, and basic EPS increased to ₹1.68 from ₹0.98.
- In H1 FY27, revenue rose 68.9% to ₹400.93 crore and net profit rose 86.1% to ₹134.25 crore.
- Total assets increased to ₹2786.46 crore from ₹2351.46 crore, while cash declined to ₹538.0 crore from ₹748.84 crore.
How did Sri Lotus Developers and Realty perform in Q2 FY27?
Sri Lotus Developers and Realty reported consolidated Q2 FY27 revenue of ₹268.58 crore, up 52.5% from ₹176.11 crore in Q2 FY26 and 102.9% from ₹132.35 crore in Q1 FY27. EBITDA rose 112.7% year on year to ₹107.26 crore, and the margin increased 11.3 percentage points to 39.9%; sequentially, EBITDA was up 122.8% and margin rose 3.5 percentage points.
Profit before tax reached ₹118.32 crore, up 90.1% from ₹62.23 crore a year earlier and 94.3% from ₹60.91 crore in the previous quarter. Net profit rose 91.0% to ₹88.53 crore from ₹46.36 crore, while basic EPS increased to ₹1.68 from ₹0.98. Against Q1 FY27, net profit was up 93.6% and EPS rose 80.6%.
The company also filed standalone results. Standalone revenue was ₹0.00 crore, while standalone profit attributable to owners was ₹0.27 crore, compared with ₹22.95 crore in the year-ago period.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 268.58 | 132.35 | 176.11 | +52.5% | +102.9% |
| Other income | 12.17 | 13.65 | 12.70 | −4.2% | −10.8% |
| Total expenses | 162.43 | 85.08 | 126.59 | +28.3% | +90.9% |
| EBITDA | 107.26 | 48.14 | 50.42 | +112.7% | +122.8% |
| EBITDA margin | 39.9% | 36.4% | 28.6% | +11.3 pp | +3.5 pp |
| Profit before tax | 118.32 | 60.91 | 62.23 | +90.1% | +94.3% |
| Tax | 29.80 | 15.19 | 15.86 | +87.9% | +96.2% |
| Net profit | 88.53 | 45.72 | 46.36 | +91.0% | +93.6% |
| EPS (₹) | 1.68 | 0.93 | 0.98 | +71.4% | +80.6% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Sri Lotus Developers and Realty's costs and profit?
Against Q2 FY26, total expenses rose 28.3% to ₹162.43 crore, lower than the 52.5% increase in revenue. Cost of materials increased 31.8% by ₹100.48 crore to ₹416.02 crore, while employee cost rose 89.6% by ₹3.10 crore to ₹6.56 crore.
Other expenses fell 21.9% by ₹3.42 crore to ₹12.20 crore, while other income declined 4.2% by ₹0.53 crore to ₹12.17 crore. Finance costs were ₹0.51 crore, up 4.1% from ₹0.49 crore, and depreciation was ₹0.60 crore, up 46.3% from ₹0.41 crore. There was no exceptional item.
Tax expense rose 87.9% by ₹13.94 crore to ₹29.80 crore. Despite the higher tax expense and other-income decline, profit before tax increased 90.1% to ₹118.32 crore and net profit rose 91.0% to ₹88.53 crore, with the net profit margin at 33.0% against 26.3% a year earlier.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 416.02 | 315.54 | +100.48 | +31.8% |
| Employee cost | 6.56 | 3.46 | +3.10 | +89.6% |
| Finance costs | 0.51 | 0.49 | +0.02 | +4.1% |
| Depreciation | 0.60 | 0.41 | +0.19 | +46.3% |
| Other expenses | 12.20 | 15.62 | −3.42 | −21.9% |
| Total expenses | 162.43 | 126.59 | +35.84 | +28.3% |
| Other income | 12.17 | 12.70 | −0.53 | −4.2% |
| Tax | 29.80 | 15.86 | +13.94 | +87.9% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, consolidated revenue rose 68.9% to ₹400.93 crore from ₹237.43 crore in H1 FY26. Total income increased 66.1% to ₹426.75 crore from ₹256.9 crore, while profit before tax rose 83.7% to ₹179.23 crore from ₹97.56 crore.
Net profit for the first half increased 86.1% to ₹134.25 crore from ₹72.15 crore, and basic EPS rose 64.2% to ₹2.61 from ₹1.59. The company also reported H1 FY27 EBITDA of ₹155 crore, up 95% from ₹80 crore, with an EBITDA margin of 38.8%.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 400.93 | 237.43 | +68.9% |
| Profit before tax | 179.23 | 97.56 | +83.7% |
| Net profit | 134.25 | 72.15 | +86.1% |
| EPS (₹) | 2.61 | 1.59 | +64.2% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹2786.46 crore against ₹2351.46 crore at 31 March 2026, while total equity increased to ₹2049.38 crore from ₹1918.69 crore. Borrowings were ₹131.14 crore compared with ₹130.53 crore, and cash fell to ₹538.0 crore from ₹748.84 crore. Inventories rose to ₹1163.87 crore from ₹823.91 crore.
Trade receivables increased to ₹347.12 crore from ₹329.35 crore, while trade payables rose to ₹117.69 crore from ₹38.45 crore. H1 FY27 operating cash flow was negative ₹201.3 crore against negative ₹145.55 crore in H1 FY26; investing cash flow was negative ₹5.39 crore against ₹6.13 crore, and financing cash flow was negative ₹4.15 crore against ₹757.75 crore. Capital expenditure was ₹7.01 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 2,786 | 2,351 |
| Total equity | 2,049 | 1,919 |
| Borrowings | 131.14 | 130.53 |
| Cash and equivalents | 538 | 748.84 |
| Inventories | 1,164 | 823.91 |
| Trade receivables | 347.12 | 329.35 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −201.30 | −145.55 |
| Cash from investing | −5.39 | 6.13 |
| Cash from financing | −4.15 | 757.75 |
| Capital expenditure | 7.01 | 0.21 |
Source: Company's results filing (XBRL).
How has Sri Lotus Developers and Realty done over the last 6 quarters?
Revenue and profit followed a broadly upward path over the reported quarters, though both fell in Q1 FY27 after peaking in Q4 FY26. Revenue reached its highest point at ₹307.5 crore in Q4 FY26 and its lowest at ₹61.32 crore in Q1 FY26, before recovering to ₹268.58 crore in Q2 FY27. Net profit likewise peaked at ₹100.92 crore in Q4 FY26 and bottomed at ₹25.79 crore in Q1 FY26.
EBITDA margin moved from 48.0% in Q1 FY26 to 28.6% in Q2 FY26, then rose through 35.5%, 39.4% and 36.4% before reaching 39.9% in Q2 FY27. Revenue and profit each rose year on year in each of the last two quarters.
What else did the company announce?
The board approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026 on 15 October 2026. It also approved the statement of assets and liabilities as at that date and the cash flow statement for the half year, which received a limited review from the statutory auditors.
What did Sri Lotus Developers and Realty's management say?
Management reiterated FY27 guidance for pre-sales of ₹1,800–2,000 crore and revenue and PAT growth of 55–60% over FY26. It also guided to an EBITDA margin of 35–40% and a PAT margin of 25–30%. The company plans four H2 FY27 launches with combined estimated GDV of ₹3,500–4,000 crore.
Management said collections were ₹60 crore in Q2 FY27 and ₹209 crore in H1 FY27, with collection linked to construction milestones. The CEO expects a material H2 collection improvement as projects progress. Management identified the RBI repo-rate increase to 5.5% as a risk to affordable and mid-income housing, but said the luxury segment was less sensitive to borrowing costs. Timeline slippage was noted for Lotus Monarch, Ghatkopar Salona and the GIFT City project approval.
How did Sri Lotus Developers and Realty shares react?
The results were released after market hours, from a pre-results close of ₹239.9. The stock fell 1.5% after five minutes, 1.5% after 15 minutes and 2.8% after 30 minutes. It closed the reaction day 2.1% higher, but by the next day’s close was unchanged from the pre-results close.
By the fifth session, the stock was down 3.2% from the pre-results close. Over the same period, the Residential Commercial Projects industry median fell 6.3% and the Nifty Microcap 250 fell 6.4%. The stock therefore outperformed the industry median by 3.1 percentage points over five sessions and the market by 3.1 percentage points. Earlier reaction-day moves were -1.0% on 3 August 2026, -1.1% on 12 May 2026, 1.9% on 9 February 2026, 0.5% on 9 October 2025 and -4.8% on 26 August 2025.
| After the filing | Stock | Residential Commercial Projects median |
|---|---|---|
| 5 minutes | −1.5% | |
| 15 minutes | −1.5% | |
| 30 minutes | −2.8% | |
| Reaction day | +2.1% | −0.0% |
| Next day | −0.0% | −1.7% |
| 5 days | −3.2% | −6.3% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 3 August 2026 | −1.0% |
| 12 May 2026 | −1.1% |
| 9 February 2026 | +1.9% |
| 9 October 2025 | +0.5% |
| 26 August 2025 | −4.8% |
Source: MarketPing price-reaction measurement.
How did other Residential Commercial Projects companies do?
Among 35 Residential Commercial Projects companies that had filed for the quarter, the median revenue growth was 17.6%. Sri Lotus Developers and Realty’s revenue growth of 52.5% was higher than the peer median; 21 peers grew slower than the company and 14 grew faster than the company. There were no analyst questions recorded for the management call.
| Sri Lotus Developers and Realty revenue growth (YoY) | +52.5% |
|---|---|
| Median of 35 other Residential Commercial Projects companies | +17.6% |
| Companies with slower revenue growth than Sri Lotus Developers and Realty | 21 of 35 |
| Companies with faster revenue growth than Sri Lotus Developers and Realty | 14 of 35 |
| Companies whose net profit rose | 20 of 35 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Sri Lotus Developers and Realty's revenue in Q2 FY27?
Revenue from operations was ₹268.58 crore, up 52.5% from ₹176.11 crore in Q2 FY26 (consolidated).
Did Sri Lotus Developers and Realty make a profit in Q2 FY27?
Yes. Net profit was ₹88.53 crore, against a net profit of ₹46.36 crore in Q2 FY26.
What was Sri Lotus Developers and Realty's EPS in Q2 FY27?
Basic earnings per share were ₹1.68, against ₹0.98 in Q2 FY26.
How did Sri Lotus Developers and Realty shares react to the Q2 FY27 results?
On the reaction day the stock moved +2.1% from the previous close; the median Residential Commercial Projects stock moved −0.0%.
When did Sri Lotus Developers and Realty announce its Q2 FY27 results?
On 15 October 2026, in a filing to the NSE.
Sources
- Board Meeting Intimation for Meeting To Be Held On October 15, 2026 (BSE, 12 October 2026) · PDF
- Outcome of Board Meeting (NSE, 15 October 2026) · PDF
- Press Release (NSE, 15 October 2026) · PDF
- The earnings call (19 October 2026)
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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