Sri Lotus Developers and Realty Ltd.Pre-sales ₹470 Cr +83%

Sri Lotus Developers and Realty reported Q2 FY27 pre-sales of ₹470 crore, up 83% year-on-year, taking H1 pre-sales to ₹879 crore, up 176%.

Revenue rose 53% to ₹269 crore, EBITDA more than doubled to ₹107 crore at a 39.9% margin, and profit after tax rose 91% to ₹89 crore. Collections were only ₹60 crore in the quarter and ₹209 crore in the half, because billing follows construction milestones, and management expects a better second half. Lotus Trident, a luxury commercial project in Andheri West, contributed ₹178 crore of pre-sales in its first full quarter.

The company added three redevelopment projects in Dadar West, Versova and Juhu worth ₹2,700 to ₹2,800 crore of GDV, taking its pipeline to 24 projects and about ₹20,000 crore. It plans four launches in the second half with a GDV of ₹3,500 to ₹4,000 crore. Net cash was ₹494 crore. Management held FY27 guidance of pre-sales of ₹1,800 to ₹2,000 crore, revenue and PAT growth of 55% to 60%, and EBITDA and PAT margins of 35% to 40% and 25% to 30%.