Lodha Reports Record Q1 FY26 Pre-Sales of INR 44.5 Bn

Lodha Group has reported a stellar performance for Q1 FY26, delivering its highest-ever quarterly pre-sales of INR 44.5 billion, marking a 10 percent year-on-year growth.

The company’s strategic focus on execution, new launches, and operational efficiency continues to pay dividends, reinforcing its leadership in India’s residential real estate market. During the quarter, Lodha added 5 new projects with a Gross Development Value (GDV) of INR 227 billion, bolstering its long-term growth pipeline. The company's embedded EBITDA margin remained strong at 33 percent, reflecting the quality of its portfolio and efficient cost management.

Key Highlights

• Pre-sales hit all-time high at INR 44.5 bn, up 10 percent YoY
• 5 new projects added with GDV of INR 227 bn
• PAT surged 42 percent YoY to INR 6.8 bn; EBITDA margin at 33 percent

Other key metrics from Q1 FY26 include: Collections of INR 28.8 billion, up 7 percent YoY, Revenue from operations at INR 34.9 billion, a 23 percent increase YoY, Adjusted EBITDA of INR 12 billion, growing 25 percent YoY and Profit After Tax (PAT) of INR 6.8 billion, a significant 42 percent YoY jump. These results highlight Lodha's ability to drive consistent and profitable growth, underpinned by robust demand, a diversified project portfolio, and strong execution capabilities.

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

Commenting on the performance, Abhishek Lodha, MD & CEO, Lodha Developers said, “It is heartening to note that Q1FY26 has turned out to be our best ever 1st Quarter Pre-sales Performance at INR 44.5 bn, clocking a 10% YoY growth. This performance would’ve been even superior had our sales not been impacted during the two weeks of uncertainty due to the India- Pakistan war. Structural industry tailwinds on the back of low home-ownership levels, rising household incomes, strong affordability, low mortgage rates, combined with ever-increasing customers’ desire to own quality homes from branded developers like Lodha forms the cornerstone of our business strategy to deliver 20% topline growth on a sustainable basis for the foreseeable future. On the back of interest rate cuts and the benefit from income tax cuts, we are seeing pick up in mid-income demand and we expect this to strengthen in H2 of this FY. We are pleased to share that we have achieved more than 90% of our FY26 business development guidance in the first quarter itself."

The company’s continued investments in new project additions, backed by a solid balance sheet and healthy operating cash flows, position it well to sustain growth in the coming quarters. With a strong start to FY26, Lodha remains focused on maximizing shareholder value while scaling responsibly across key urban markets in India.

He also added that "We added five projects at marquee locations in MMR, Pune and Bengaluru with INR 227 bn of GDV potential. This takes the total GDV addition since our IPO to more than INR 1 tn, spread across 48 projects, which is a testament of the ‘Lodha’ brand attractiveness to land owners and the successful on-ground implementation of our ‘super market’ strategy for land acquisition in each micro-market. Such strong Business Development provides the opportunity and visibility for a consistent, granular and predictable growth over the long term. Despite the significant investments in business development in this quarter, our net debt stands at INR 50.8 bn (0.24x Net Debt/ Equity) - well below our ceiling of 0.5x Net Debt/Equity. Our exit cost of debt for Q1FY26 stands at 8.3% (down 40 bps for the quarter)- among the lowest in the industry. Our Profit After Tax for Q1 stands at INR 6.8 bn (+42% YoY growth) on the back of 23% revenue growth, coupled with significant operating and financial leverage.”