Lodha Developers Ltd.Record Presales & Strong Pipeline

Lodha Developers delivered its best-ever quarterly performance in Q3 FY26, achieving record presales of ₹56 billion, representing 25% year-on-year growth.

Revenue from operations reached ₹46.6 billion, up 29% year-on-year, while maintaining a robust embedded EBITDA margin of 32% and pro forma PAT margin of 21%. The company added ₹340 billion GDV through business development this quarter, taking year-to-date additions to approximately ₹600 billion and building a five-year development pipeline exceeding ₹2 lakh crores. Management remains on track to achieve full-year presales guidance of ₹210 billion with 33% EBITDA margin and 20% ROE.

The company entered NCR markets with two pilot projects totaling ₹33 billion GDV, following its proven Bangalore playbook. Strategic focus has shifted toward cash generation after front-loading land acquisition, with management expecting reduced business development spending over the next 24 months. Net debt stood at ₹61.7 billion with a conservative 0.28x debt-to-equity ratio. The Palava data center opportunity was expanded significantly, with total investment potential reaching ₹130,000 crores and land values projected to increase from ₹21 crores per acre to ₹50-60 crores within three years.