Latest news with #LodhaDevelopers'
Hindustan Times
03-08-2025
- Business
- Hindustan Times
Lodha Developers expects to conclude one or more land deals this year, ahead of its Delhi-NCR foray: Abhishek Lodha
Mumbai-based listed real estate developer Lodha Developers 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. Lodha Developers' market share is expected to be more than double by the end of the decade in MMR, Pune and Bengaluru, according to the company''s investor presentation for the Q1FY26.(Macrotech Developers) 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. 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. "Our focus in this period is, first and foremost, on building our local operating team. We expect that we will conclude one or more land transactions either on a joint development basis or otherwise in the course of this financial year, and hope to launch in the next financial year. But obviously, at this stage, the details are limited. We will provide a more detailed update once the first land transaction is concluded," Lodha said. Also Read: DLF's Rajiv Singh is the richest real estate developer, followed by Mangalprabhat Lodha and family: Grohe-Hurun India Location strategy for Delhi-NCR Responding to a question on which micro-markets Lodha Developers has zeroed in on for launching its first project in Delhi-NCR, he said that 'I think we are looking across the Delhi NCR to make sure that locations fit with our brand's premium positioning.' "At the same time, have attractive dynamics when it comes to supply-demand and also profitability for us. So, we are looking across the board, and we will be able to provide a little bit more specific detail once the first land transaction is concluded. I think at this stage it's just a directional thing that, yes, we expect to be entering the NCR in the next 12 months," Lodha said during the call. Also Read: Lodha versus Lodha: Real estate tycoons settle trademark dispute through mediation Lodha Developers' market share is expected to be more than double by the end of the decade in MMR, Pune and Bengaluru According to the investor presentation shared with the stock exchanges as part of the Q1FY26 quarterly financial results, Lodha Developers' market share will more than double in the Mumbai Metropolitan Region, Pune, and Bengaluru real estate markets by the end of the decade. The company said in the Mumbai Metropolitan Region, its market share as of FY24 is 10%, 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: Buying a property is better than renting one: Abhishek Lodha 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.
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Business Standard
29-07-2025
- Business
- Business Standard
Lodha Developers' share price rises 4%; is it right time to buy the stock?
Lodha Developers shares advanced 4.4 per cent in trade on Tuesday (July 29, 2025), logging an intra-day high at ₹1,255.2 per share on BSE. Around 10:09 AM, Lodha Developers share price was up 3.55 per cent at ₹1,244 per share. In comparison, Sensex was up 0.06 per cent at 80,939.32. On Monday, the stock fell over 6 per cent after the company posted its Q1 results on Saturday, July 26, 2025. The gains in the stock on Tuesday come a day after the counter slipped over 6 per cent and triggered a sharp fall in the Nifty Realty index that ended the day over 4 per cent lower. Why were Lodha Developers shares buzzing in trade? Lodha Developers, formerly known as Macrotech Developers Limited, stock gained momentum after the earnings call held on Monday, after market hours. This call was to discuss the Q1 earnings released on Saturday, July 26, 2025. In Q1FY26, Lodha Developers' profit (attributable to owners of the company) grew 42 per cent year-on-year (Y-o-Y), to ₹674.7 crore. Its revenue (from operations) increased by 22.66 per cent Y-o-Y, to ₹3,491.7 crore. The company's adjusted earnings before interest, taxes, depreciation, and amortisation (Ebitda) for the quarter stood at ₹1,200 crore, up 25 per cent YoY. Meanwhile, its Ebitda margin stood at 34.4 per cent. Lodha Developers con-call highlights The overall urban slowdown has not impacted residential demand as is evident from a strong bookings run-rate of ₹270 crore in a non-launch week – a key metric the company tracks to measure the strength of demand. The run-rate is up meaningfully compared to last year and will soon reach ₹300 crore by end of FY26. While there is some slowdown in IT, the Global Capability Centres (GCCs) employment is only growing. The company expects 55 per cent of annual bookings guidance to be achieved in H2, given the strong launch pipeline planned for the last 2 quarters. Since entering Bengaluru (FY24), the company has achieved cumulative bookings of ₹19,000 crore, and it now has five projects in the city. ALSO READ | Brokerages' view on Lodha Developers Nomura maintained 'Buy' with a target of ₹1,450 per share, as the brokerage believes the company can make up for the slower growth in Q1FY26 in the rest of the year, led by sales from its large inventory and new project launches. The brokerage is upbeat on Lodha, on the back of its robust business model that drives sales through deep penetration within micro markets, strong collections aiding operating cash flow (OCF) generation at a 15 per cent compound annual growth rate (CAGR), which should enable Lodha exceed its business development goals for future growth, while maintaining a low net debt/equity position. ICICI Securities has upgraded its rating to 'Add' from 'Hold' with an unchanged target of ₹1,284, based on a 40 per cent premium to FY25 net asset value (NAV) of ₹917. The brokerage finds Lodha Developers' stock attractive as it has corrected 8 per cent over the last three months. JM Financial Institutional Securities maintained 'Buy' with a target of ₹ 1,480 per share. JM Financial sees Lodha well placed to withstand temporary headwinds given its well-diversified and growing presence in three of the top five markets in India.
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Business Standard
29-07-2025
- Business
- Business Standard
Lodha Developers share price rises 4% post Q1; is it right time to buy?
Lodha Developers shares advanced 4.4 per cent in trade on Tuesday (July 29, 2025), logging an intra-day high at ₹1,255.2 per share on BSE. Around 10:09 AM, Lodha Developers share price was up 3.55 per cent at ₹1,244 per share. In comparison, Sensex was up 0.06 per cent at 80,939.32. On Monday, the stock fell over 6 per cent after the company posted its Q1 results on Saturday, July 26, 2025. Why were Lodha Developers shares buzzing in trade? Lodha Developers, formerly known as Macrotech Developers Limited, stock gained momentum after the earnings call held on Monday, after market hours. This call was to discuss the Q1 earnings released on Saturday, July 26, 2025. In Q1FY26, Lodha Developers' profit (attributable to owners of the company) grew 42 per cent year-on-year (Y-o-Y), to ₹674.7 crore. Its revenue (from operations) increased by 22.66 per cent Y-o-Y, to ₹3,491.7 crore. The company's adjusted earnings before interest, taxes, depreciation, and amortisation (Ebitda) for the quarter stood at ₹1,200 crore, up 25 per cent YoY. Meanwhile, its Ebitda margin stood at 34.4 per cent. The overall urban slowdown has not impacted residential demand as is evident from a strong bookings run-rate of ₹270 crore in a non-launch week – a key metric the company tracks to measure the strength of demand. The run-rate is up meaningfully compared to last year and will soon reach ₹300 crore by end of FY26. While there is some slowdown in IT, the Global Capability Centres (GCCs) employment is only growing. The company expects 55 per cent of annual bookings guidance to be achieved in H2, given the strong launch pipeline planned for the last 2 quarters. Brokerages' view on Lodha Developers Nomura maintained 'Buy' with a target of ₹1,450 per share, as the brokerage believes the company can make up for the slower growth in Q1FY26 in the rest of the year, led by sales from its large inventory and new project launches. The brokerage is upbeat on Lodha, on the back of its robust business model that drives sales through deep penetration within micro markets, strong collections aiding operating cash flow (OCF) generation at a 15 per cent compound annual growth rate (CAGR), which should enable Lodha exceed its business development goals for future growth, while maintaining a low net debt/equity position. ICICI Securities has upgraded its rating to 'Add' from 'Hold' with an unchanged target of ₹1,284, based on a 40 per cent premium to FY25 net asset value (NAV) of ₹917. The brokerage finds Lodha Developers' stock attractive as it has corrected 8 per cent over the last three months. JM Financial Institutional Securities maintained 'Buy' with a target of ₹ 1,480 per share. JM Financial sees Lodha well placed to withstand temporary headwinds given its well-diversified and growing presence in three of the top five markets in India.
Business Standard
27-07-2025
- Business
- Business Standard
Lodha Developers plans to launch ₹17,000 cr worth housing projects in FY26
Mumbai-based real estate company Lodha Developers maintains its bullish stance on housing market growth as it targets launching ₹17,000 crore worth of residential projects by this financial year. Sushil Kumar Modi, Executive Director (Finance), Lodha Developers, told PTI that the Union Budget's income tax relief and reduction in interest rates on home loans will create more demand for residential properties. Modi said, "We remain on track and are therefore confident of achieving ₹21,000 crore in pre-sales guidance for the current fiscal year." The company added five new projects across the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru, with a gross development value (GDV) of ₹22,700 crore in the first quarter (Q1) of financial year (FY26), as announced in an investor presentation. In Q1 FY26, the real estate firm launched housing projects worth ₹8,000 crore and targets launching ₹25,000 crore worth of real estate projects in the entire FY26, leaving ₹17,000 crore worth of projects to be launched over the next three quarters. Lodha Developers' sales bookings increased by 10 per cent year-on-year (YoY) to ₹4,450 crore during Q1 of this financial year. The company's biggest market for new projects in the FY26 pipeline is MMR (South Central), with an estimated GDV of ₹3,570 crore. The realtor's total estimated GDV for the new projects is ₹13,330 crore in the current FY, as per its investor presentation data. While the total estimated GDV, combining new projects with existing ones, for this FY is ₹17,060 crore. Modi also stated that launches and sales tend to rise during the second half of the financial year due to the Indian festival season. Moreover, Lodha Developers' consolidated profit after tax rose 42 per cent to ₹675.1 crore for the first quarter of FY26. While its total income grew to ₹3,624.7 crore in Q1 FY26, it had reported ₹2,918.3 crore in income during the corresponding period of the previous financial year. In terms of operational performance, the company's collections grew by 7 per cent YoY to ₹2,880 crore in Q1 FY26.
