Lodha Developers expects its market share in MMR to touch 20% by the end of the decade
According to the investor presentation shared with stock exchanges alongside its Q1FY26 financial results, the company projects its market share to exceed 10% across MMR, Pune, and Bengaluru by the end of the decade.
The company said its market share as of FY24 is 10% in MMR, which is likely to go up to 20% by the end of the decade, followed by 15% in Pune from its existing 5%, and 12% in Bengaluru from 2% currently, the investor's presentation revealed.
Also Read: Thane real estate market is almost 80% more affordable than Mumbai's suburbs: report
Q1FY26 results
The company's sales bookings increased 10% during the April-June period of this fiscal year to ₹4,450 crore. The company's total income increased to ₹3,624.7 crore in Q1FY26 from ₹2,918.3 crore during the same time last year. Lodha Developers has delivered 110 million sq ft of real estate and is currently developing more than 130 million sq ft under its ongoing and planned portfolio.
Land deals in Delhi-NCR
Lodha Developers also expects to conclude one or more land deals in Delhi-NCR this fiscal, paving the way for its first project launch in the region in the next financial year, Managing Director and CEO Abhishek Lodha said during the Q1FY26 earnings call on July 28.
Also Read: Jab jaaago tab sawera, tension ki koi baat nai hai: Vikas Oberoi on Gurugram real estate market
Looking to expand into the Delhi-NCR housing market, Lodha said the company aims to acquire at least one land parcel this year to develop its first residential project in the region.
Also Read: Lodha Developers expects to conclude one or more land deals this year, ahead of its Delhi-NCR foray: Abhishek Lodha
The foray will begin with a pilot phase, involving a limited number of projects and a moderate level of investment.
Lodha Developers plans to enter the Delhi-NCR real estate market within the next year and aims to launch its first project in the region in the next financial year, the company said.
"We expect to enter Delhi NCR in the next 12 months and hope to launch in fiscal 2027. The Delhi NCR is an important market for us to get into. We obviously, as we have done in Pune and Bengaluru, will only enter in a gradual manner. We will be starting off with a pilot phase with a moderate number of projects and a moderate level of investment with a view to understanding better how the market operates and how we build out the supply chain for operations as well as sales," Lodha said during a recent investors' call.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
a few seconds ago
- Hans India
Vedanta continues winning street confidence: Brokerages forecast strong earnings ahead
New Delhi: Major global and Indian brokerages remain optimistic on Vedanta Ltd's performance for FY26, citing stronger LME pricing trends, cost discipline, deleveraging, and a resilient aluminium business among the key growth drivers. These firms have also taken note of the several growth projects scheduled for commissioning or completion in the next few quarters. JP Morgan noted that Vedanta's first quarter consolidated EBITDA was largely in line with estimates, with key segments such as aluminium, oil and gas, and power faring better than its expectations, leading to an overall segmental EBITDA beat. On the earnings trajectory for the current and next fiscal, the firm expects various ongoing initiatives at Vedanta to aid growth. "Vedanta's capacity expansion journey in the aluminium business as well as vertical integration should bring cost advantages. LME prices have also bottomed out and should continue to move higher into FY26-27, likely aiding earnings growth." Echoing similar views on LME prices and its potential benefit, Citi Research cited that Vedanta's parent (Vedanta Resources) leverage is at comfortable levels. It listed potential upside in medium-term aluminium LME prices, lower cost, and the demerger as another positive for Vedanta, while adding that aluminium globally has a limited supply growth. Mumbai-based Nuvama Institutional Equities expects Vedanta to deliver quarter-on-quarter EBITDA growth in Q2. "Q2FY26 EBITDA is likely to increase 10 per cent-plus quarter-on-quarter on the back of higher prices and lower aluminium cost of production. Major aluminium projects are likely to be commissioned in Q2FY26. We reckon net debt/EBITDA ex-Hindustan Zinc shall fall to 1.7x by FY26-end, compared to 2.7x in FY25. Demerger of the business is likely to be concluded in Q4FY26," the firm said in its report. The brokerage expects Vedanta's all major projects except coal blocks to be likely commissioned in the current fiscal, providing volume growth and cost reduction visibility for the company. UK-based Investec stated in its post-earnings report that Vedanta is a key beneficiary of depreciation in the Indian Rupee. Other near-term positives listed by the firm include declining alumina prices and the company offering attractive yields. The firm has retained its buy recommendation on Vedanta. Research firms like Kotak Institutional Equities and IIFL have cited factors like cost efficiencies and deleveraging at both Vedanta Ltd and its parent Vedanta Resources as beneficial factors. Vedanta's adjusted profit after tax jumped 13 per cent year-on-year to Rs 5,000 crore. The company clocked its highest-ever first-quarter EBITDA of Rs 10,746 crore, which was up 5 per cent year-on-year.
Hindustan Times
a few seconds ago
- Hindustan Times
Dy CM Pathak addresses traders, emphasises role of Swadeshi in economic growth
On the call of Prime Minister Narendra Modi to promote Swadeshi products, the Lucknow Vyapar Mandal hosted a massive gathering of traders from across Uttar Pradesh at Sahkarita Bhawan on Tuesday. Deputy chief minister Brajesh Pathak addressed the event as the chief guest, lauding the contribution of the trading community to India's economic progress. UP deputy chief minister Brajesh Pathak (HT File Photo) 'Traders are the backbone of the economy,' he stated. 'With their support, India is rising in every sector under PM Modi's visionary leadership,' Pathak said. He emphasised that India's increasing reliance on indigenous goods has not only boosted national pride but also elevated the quality of domestic products. He highlighted that Uttar Pradesh, with a population of 250 million, is emerging as a major market hub, attracting massive investments from both India and abroad. 'Our state is fast becoming number one in the country, thanks to the proactive policies of our government,' he added. Referring to the success of the 'One District, One Product' scheme, Pathak said each district of the state is now globally recognised for its unique products. He also revealed that 65% of all mobile phones manufactured in India are produced in UP. The deputy CM led traders in taking a pledge to prioritise Swadeshi goods in trade and daily life, reinforcing commitment to national pride and economic self-reliance.
Indian Express
a few seconds ago
- Indian Express
Now, Aadhaar mandatory to avail benefits of Delhi govt schemes
Now, having an Aadhar card is mandatory to avail the benefits of the schemes of the Delhi government. Lieutenant Governor VK Saxena has approved the BJP government's proposal to make the document mandatory for the issuance of income certificates in the Capital. The income certificate is a key document for availing financial benefits under a range of government schemes in the Capital. 'The move aims at eliminating any irregularity or malpractice in issuing income certificates to the applicants and thereby ensuring that only genuine beneficiaries registered under a scheme or financial assistance get the benefit,' a statement by the Raj Niwas underlined. The proposal, endorsed by Chief Minister Rekha Gupta, seeks to bring the service of issuing income certificates under Section 7 of the Aadhaar Act, 2016. This provision allows the state or Central government to make Aadhaar-based authentication compulsory for identifying individuals receiving subsidies, services, or benefits funded through the Consolidated Fund of India of the state. The income certificate issued by the Revenue department is used to determine eligibility for several welfare schemes, including tuition fee reimbursement for students from SC, ST, and OBC communities; pensions; and health-related financial assistance under the Delhi Arogya Kosh. Using Aadhaar would help simplify service delivery, improve transparency, and ensure that benefits reach only eligible individuals, officials in the Revenue Department said. It would also eliminate the need to submit multiple documents to establish identity. The Unique Identification Authority of India (UIDAI) on November 25, 2019, had authorised state governments to mandate Aadhaar authentication for schemes funded from the Consolidated Fund of the State. As per the notification, individuals not possessing an Aadhaar number currently but seeking benefits under the mentioned schemes will now be required to enrol for Aadhaar. In the case of minors, Aadhaar Enrolment ID or Biometric Update ID, along with a birth certificate or school ID bearing the parent's name and signed by the school principal, will be accepted. Adults without Aadhaar can furnish the enrolment slip along with a government-issued document such as a bank passbook, PAN card, passport, Kisan passbook, or driving licence. Saxena has asked the Revenue department to undertake a public awareness campaign to inform citizens about the Aadhaar requirement, so that genuine beneficiaries are not denied their entitlements.
