Lodha posts 42% YoY rise in Q1 PAT; achieved more than 90% of FY26 business guidance
Total operating expenditure for Q1 FY26 was Rs 2,507.50 crore, up 20% YoY.
Profit before tax for the first quarter was Rs 903.50 crore, up by 38.9% from Rs 650.60 crore posted in the same period last year.
For the first quarter, the companys pre-sales was Rs 4,450 crore (up 10% YoY) and collections aggregating to Rs 2,880 crore (up 7% YoY).
Abhishek Lodha, MD & CEO, Lodha Developers, said: "On the back of interest rate cuts and the benefit from income tax cuts, we are seeing pick up in mid-income demand and we expect this to strengthen in H2 of this FY.
We are pleased to share that we have achieved more than 90% of our FY26 business development guidance in the first quarter itself. We added five projects at marquee locations in MMR, Pune and Bengaluru with Rs 227 billion of GDV potential. This takes the total GDV addition since our IPO to more than Rs 1 trillion, spread across 48 projects."
He further informed that despite the significant investments in business development in this quarter, the companys net debt stood at Rs 50.8 billion (0.24x net debt/ equity) - well below the ceiling of 0.5x net debt/equity. The companys exit cost of debt for Q1 FY26 stood at 8.3% (down 40 bps for the quarter), which is among the lowest in the industry.
Lodha Developers (LDL), formerly Macrotech Developers, is one of Indias largest real estate developers, holding a market-leading position in Mumbai and Thane. Focused on residential projects across MMR, Pune, and Bengaluru, the company holds one of the largest land banks in India, spanning 600 million square feet.
The scrip declined 3.11% to currently trade at Rs 1239.50 on the BSE.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
23 minutes ago
- Time of India
Punjab finance and taxation minister Harpal Singh Cheema leads I-Day celebration in Ropar
Ropar: Punjab finance and taxation minister Harpal Singh Cheema hoisted the national flag at the 79th Independence Day celebration held at Nehru Stadium, Ropar, on Friday. Following the flag hoisting, Cheema, escorted by deputy commissioner Varjeet Walia and senior superintendent of police Gulneet Singh Khurana, inspected the parade. Led by DSP Jashandeep Singh Maan, contingents from the Punjab police (male and female), Punjab home guards, various schools and a band participated in the march past. Cheema paid tribute to the freedom fighters, including Shaheed-e-Azam Sardar Bhagat Singh, Rajguru, Sukhdev, Sardar Kartar Singh Sarabha, Shaheed Udham Singh, Madan Lal Dhingra, Lala Lajpat Rai and Diwan Singh Kalepani, whose struggles secured the country's freedom. He proudly stated that Punjabis have made the most sacrifices in the freedom struggle. While addressing the gathering, he highlighted the state govt's commitment to restore Punjab to its former glory. He noted that in honour of the freedom fighters, the Mohali International Airport was named after Shaheed Bhagat Singh , and his statue was installed there. Furthermore, portraits of Shaheed Bhagat Singh and Dr B R Ambedkar had been placed in all govt offices, he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Could This NEW Collagen Blend Finally Reduce Your Cellulite? Vitauthority Learn More Undo He emphasised the govt's significant achievements in education, health and employment. He claimed the Punjab govt has provided more than 55,000 govt jobs. In the National Achievement Survey 2024, Punjab's education system ranked first, surpassing states like Kerala. This year, 848 govt school students qualified for NEET, 265 for JEE (Main) and 45 for JEE (Advanced). In the health sector, the finance minister announced revolutionary changes. Currently, 881 Aam Aadmi clinics are operational, offering 107 types of medicines and 47 lab tests free of cost. He also announced that a health insurance scheme of up to Rs 10 lakh for every family will be implemented from Oct 2. This scheme, which requires only an Aadhaar and voter card to avail, will cover medical expenses for all citizens of Punjab, regardless of income. Around 3 crore people are expected to benefit from this initiative, which includes impanelment of 552 private and all govt hospitals, with plans to add 500 more hospitals soon. Cheema honoured the district's freedom fighters and veterans with shawls, calling them the pride of the nation whose sacrifices allowed citizens to enjoy freedom today. The event featured a vibrant cultural programme with performances, including choreography, dances and gidda by students from various schools. The sports department of Rup Nagar presented a skit on 'Freedom from Drugs' prepared by Rup Nagar's sub-divisional magistrate (SDM) Sanjeev Kumar. Impressed by the band performance of Shivalik Public School, Cheema announced a grant of Rs 15 lakh for the school. A play titled 'Yudh Nashian Virudh', written by SDM Dr Sanjeev Kumar and performed by students of Government Senior Secondary School, Phulpur Grewal, was also presented. Moved by the performance, Cheema led all attendees in an anti-drug pledge and personally contributed Rs 21,000 from his salary to the school. The programme concluded with the national anthem, performed by the students of Shivalik Public School. MSID:: 123333915 413 | Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
Deccan Herald
39 minutes ago
- Deccan Herald
9% SC/STs have come out of poverty, says Minister Mahadevappa
Mahadevappa was speaking after a meeting Chief Minister Siddaramaiah chaired to approve an action plan to spend Rs 42,017.51 crore under the Scheduled Castes Sub-Plan and Tribal Sub-Plan (SCSP-TSP).
Time of India
an hour ago
- Time of India
Nexus with contractors? GDA set to transfer 76 supervisors
Ghaziabad: Ghaziabad Development Authority (GDA) is set to transfer 76 supervisors following persistent complaints of collusion with contractors in facilitating illegal construction. Residents also allege that supervisors, working in tandem with private builders, demand hefty sums to overlook unauthorised floors. GDA has around 200 supervisors in the seven zones under it, but its manual does not specify a maximum tenure for postings before an employee can be shifted. Many of the supervisors on the list have been posted in the same zone for more than five years. Officials admitted that supervisors posted in the same zones for years had formed "unholy alliances" with local realtors, and said the reshuffle aimed to curb the spread of illegal colonies, which have risen from 321 in 2021 to 351, occupying around 3,000 acres. You Can Also Check: Noida AQI | Weather in Noida | Bank Holidays in Noida | Public Holidays in Noida | Gold Rates Today in Noida | Silver Rates Today in Noida While the GDA work manual states that a supervisor's role includes reporting any illegal construction to the zone's junior engineer and senior officials but for all practical purposes, they are considered to be GDA's eyes and ears and their foot soldiers. Supervisors are also tasked with checking the quality of construction materials and ensuring that all work is carried out in line with the approved plan. However, their nexus with contractors runs deep. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like A Teaspoon Before Bed Burns Body Fat - Fit Into Your Clothes Again! Health & Family Click Here Undo A Vaishali resident told TOI, a contractor allegedly sought Rs 40,000 on behalf of a GDA official to allow his family to construct an additional floor in their two-storey flat. "We hired a private contractor, prepared a cost estimate, and even had construction material delivered," he said. But that evening, a GDA supervisor reached their house and warned the family that the work violated regulations. Unsure how to proceed, the family considered abandoning the plan. "But the contractor assured me it could be 'managed' for Rs 40,000. Construction went ahead without further interference. Only later did I realise the nexus between contractors and supervisors," he added. According to a GDA official, despite checks and balances, illegal construction has been unabated in the city. "We deduced that many of the supervisors are working in the same zone for years and have developed a nexus with contractors, allowing illegal construction. This nexus needs to be broken, for which GDA has prepared a list of 76 supervisors who will be transferred to other zones." Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
