Lodha Developers' net profit falls 27 pc sequentially, revenue also declines
The company's net profit dropped to Rs 675.1 crore in Q1 from Rs 922.8 crore in the previous quarter (Q 4 FY25), according to its stock exchange filing.
Similarly, revenue from operations in Q1 stood at Rs 3,491.7 crore, down by 17.34 per cent compared to Rs 4,224.3 crore in the January-March quarter.
Total income also slipped to Rs 3,624.7 crore -- marking a 17.99 per cent fall from Rs 4,420.3 crore in Q4 FY25.
Expenses, meanwhile, were lower as well, dropping 15.84 per cent to Rs 2,721 crore from Rs 3,233.1 crore in the previous quarter, the company stated in its regulatory filing.
Despite the QoQ decline, the company posted a 42 per cent jump in net profit when compared to the same period previous year.
Lodha Developers had reported a net profit of Rs 475.9 crore in Q1 FY25, with total income at Rs 2,918.3 crore.
In FY25, the company had posted a net profit of Rs 2,766.6 crore on a total income of Rs 14,169.8 crore.
This year-on-year growth was driven by strong housing demand. Managing Director and CEO Abhishek Lodha said that Q1 of FY26 marked the company's best-ever first-quarter pre-sales performance, clocking Rs 4,450 crore.
However, he acknowledged that uncertainties during the India-Pakistan conflict in June had some negative impact on the overall performance.
He added that the company's growth strategy is anchored in rising homeownership demand, improving household incomes, and increasing preference for quality homes offered by trusted brands.
'We aim to deliver 20 per cent topline growth sustainably in the coming years,' Lodha said.
He also noted signs of revival in mid-income housing demand, supported by interest rate cuts and tax benefits, and expects this trend to gain momentum in the second half of the fiscal.
Lodha Developers is a Mumbai-based real estate firm with a presence in the MMR, Pune, and Bengaluru.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
16 minutes ago
- Hans India
Adani Ent's EBITDA up 5% to Rs 2,800 cr in Q1
Ahmedabad: Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, on Thursday said that EBITDA from incubating businesses have increased by 5 per cent to Rs2,800 crore in the April-June quarter (Q1 FY26) on a year-on-year basis -- contributing 74 per cent to the quarterly results. The company registered consolidated EBITDA at Rs3,786 crore and consolidated profit before tax (PBT) at Rs 1,466 crore – with total income at Rs22,437 crore -- in the quarter ended June 30.
The Hindu
16 minutes ago
- The Hindu
Amazon, Apple, Meta and Microsoft earnings rise on AI as economy roils
Tech giants Amazon, Apple, Meta and Microsoft this week eclipsed earnings expectations, cashing in on artificial intelligence (AI) while navigating economic waters roiled by U.S. tariffs. "Massive results seen by Microsoft and Meta further validate the use cases and unprecedented spending trajectory for the AI Revolution on both the enterprise and consumer fronts," Wedbush tech analyst Dan Ives said in a note to investors. "We have barely scratched the surface of this 4th Industrial Revolution now playing out around the world led by the Big Tech stalwarts such as Nvidia, Microsoft, Palantir, Meta, Alphabet, and Amazon," Ives added. Amazon reported a 35% jump in quarterly profits as the e-commerce giant said major investments in AI technology are paying off. "Our conviction that AI will change every customer experience is starting to play out," said Chief Executive Andy Jassy, pointing to the company's expanded Alexa+ service and new AI shopping agents. But the Seattle-based company's profit outlook for the current quarter came in lower than hoped for, with investors worried that the cost of AI was weighing on the bottom line. This was despite a stellar second quarter that exceeded analyst expectations, much like it did for its AI-focused rivals Google, Microsoft and Meta, which posted bumper results for the period. Amazon's net sales climbed 13%, signaling that the company was so far surviving impacts of the high-tariff trade policy under U.S. President Donald Trump. Amazon Web Services (AWS), the company's world-leading cloud computing division, led the charge with sales jumping 17.5 percent to $30.9 billion. Its strong performance reflects surging demand for cloud infrastructure to power AI applications, a trend that has benefited major cloud providers as companies race to adopt generative AI technologies. Shares of Microsoft spiked Thursday following blowout quarterly results, lifting the tech giant into the previously unprecedented $4 trillion club along with Nvidia, another AI standout. The landmark valuation is the latest sign of growing bullishness about an AI investment boom that market watchers believe is still in the early stages, even as companies like Microsoft plan $100 billion or more in annual capital spending to add new capacity. "Cloud and AI is the driving force of business transformation across every industry and sector," said Microsoft CEO Satya Nadella. At the heart of the results was a stunning surge in Azure, the company's cloud computing platform, which is getting "supercharged" with AI, said Angelo Zino, technology analyst at CFRA Research. Zino attributed "just about all of" Microsoft's recent climb in valuation to AI. Meta reported robust second-quarter financial results Wednesday, with revenue jumping 22% year-over-year as the social media giant continues investing heavily in artificial intelligence. "We've had a strong quarter both in terms of our business and community," said CEO Mark Zuckerberg. "I'm excited to build personal superintelligence for everyone in the world." Zuckerberg has embarked on a major AI spending spree, poaching top researchers with expensive pay packages from rivals like OpenAI and Apple as he builds a team to pursue what he calls AI superintelligence. Hours before the earnings report, Zuckerberg insisted that the attainment of superintelligence, technology that would theoretically be more powerful than the human brain, is now "in sight." Meanwhile Apple, which is seen as lagging in the AI race, beat expectations with earnings driven by strong iPhone sales despite US tariffs costing the company $800 million in the recently-ended quarter. Apple expects Trump's tariffs to cost the iPhone maker $1.1 billion in the current quarter. "The results show that Apple's iPhone strategy is working to offset the impact of looming challenges with AI development timelines, tariff pressures, and Google's antitrust issues," said Emarketer tech analyst Jacob Bourne. Apple chief executive Tim Cook said on an earnings call that taking the most advanced technologies and making them easy to use is "at the heart of our AI strategy." Cook said Apple has been rolling out Apple Intelligence AI features and is "making good progress on a more personalised Siri."
The Hindu
16 minutes ago
- The Hindu
Google loses U.S. appeal over app store reforms in Epic Games case
Alphabet's Google on Thursday failed to persuade a U.S. appeals panel to overturn a jury verdict and federal court order requiring the technology company to revamp its app store Play. The San Francisco-based 9th U.S. Circuit Court of Appeals, in a unanimous ruling, rejected claims from Google that the trial judge made legal errors in the antitrust case that unfairly benefited "Fortnite" maker Epic Games, which filed the lawsuit in 2020. Epic accused Google of monopolising how consumers access apps on Android devices and pay for transactions within apps. The Cary, North Carolina-based company convinced a San Francisco jury in 2023 that Google illegally stifled competition. U.S. District Judge James Donato in San Francisco ordered Google in October to restore competition by allowing users to download rival app stores within its Play store and by making Play's app catalog available to those competitors, among other reforms. Donato's order was on hold pending the outcome of the 9th Circuit appeal. The court's decision can be appealed to the full 9th Circuit and ultimately to the U.S. Supreme Court. In a statement, Lee-Anne Mulholland, Google's vice president of regulatory affairs, said the appeals court's ruling "will significantly harm user safety, limit choice, and undermine the innovation that has always been central to the Android ecosystem." The company said it would continue to focus on "ensuring a secure platform as we continue our appeal." Epic CEO Tim Sweeney said in a social media post: "Thanks to the verdict, the Epic Games Store for Android will be coming to the Google Play Store!" Google told the appeals court that the tech company's Play store competes with Apple's App Store, and that Donato unfairly barred Google from making that point to contest Epic's antitrust claims. The tech company also argued that a jury should never have heard Epic's lawsuit because it sought to enjoin Google's conduct — a request normally decided by a judge — and not collect damages. Epic has defended the verdict and court injunction, telling the 9th Circuit judges that the Android app market has been "suffering under anti-competitive behavior for the better part of a decade." In the trial court and in the appeal, Epic disputed arguments by Google that changes to its app business ordered by the court would harm user privacy and security. Microsoft filed a brief backing Epic, as did the U.S. Justice Department and Federal Trade Commission. Epic separately is battling Apple over a U.S. judge's order requiring the iPhone maker to give developers greater freedom to steer consumers to make purchases outside its App Store. Apple has appealed a ruling that said it violated a prior injunction in a lawsuit that Epic filed in 2020.
