Lodha Developers Q1FY26 Pre-Sales Up 10% to Rs. 4,450 Cr

Mumbai-based Lodha Developers (formerly Macrotech Developers Ltd) posted 10 percent year-on-year growth in pre-sales bookings, reaching Rs. 4,450 crore in Q1FY26, compared to Rs. 4,000 crore in the same quarter last year.

The company attributed the growth to robust demand despite a brief dip in activity caused by geopolitical tensions in the first half of the quarter. Lodha added five new projects in Mumbai, Pune, and Bengaluru during the quarter, contributing to a combined Gross Development Value (GDV) of Rs. 22,700 crore. This covers over 90 percent of the company’s full-year GDV guidance of Rs. 25,000 crore.

Key Highlights

• Lodha Developers reported Rs. 4,450 crore in Q1FY26 pre-sales, up 10 percent YoY.
• Added Rs. 22,700 crore in GDV across 5 new projects, covering 90 percent of FY26 target.
• Rebranded from Macrotech Developers after settling Lodha trademark dispute.

Quarterly collections stood at Rs. 2,880 crore, reflecting a 7 percent YoY increase, in line with the firm’s business targets. Importantly, net debt remained stable at Rs. 5,080 crore, maintaining a low net debt-to-equity ratio below 0.5×—despite the company’s heavy investment in new business development.

The firm also formally rebranded to Lodha Developers Limited, effective June 16, 2025, after resolving a trademark dispute with Abhinandan Lodha. Under the settlement, Lodha Developers retains exclusive rights to the ‘Lodha’ brand, while House of Abhinandan Lodha operates as a separate entity.

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The company reaffirmed its Rs. 21,000 crore pre-sales target for FY26, backed by a strong launch pipeline and continued market momentum. “With further strengthening of our launch pipeline for the current fiscal on the back of significant business development achieved during the June quarter, we remain on track to achieve FY26 pre-sales guidance of Rs. 21,000 crore," the company said.