Lodha Developers Limited share price
NSE: LODHA · ISIN INE670K01029
Key numbers
- Market cap
- ₹ 1,16,410 Cr
- Current price
- ₹ 1,165.00
- 52-week high / low
- ₹ 1,345 / 651
- Stock P/E
- 28.3
- Book value
- ₹ 233.1
- Dividend yield
- 0.36%
- ROCE
- 16.8%
- ROE
- 15.8%
- Debt to equity
- 0.42
- Sales growth (3 yrs)
- 20.4%
- Profit growth (3 yrs)
- 91.7%
- 1-year return
- -1.2%
About Lodha Developers Limited
Lodha Developers Limited, through its subsidiaries, engages in the development of real estate properties in India. It is involved in the development of residential, office, and retail properties, as well as leasing of retail and office spaces. The company also develops warehousing, logistics, light industrial facilities, and digital infrastructure parks. In addition, it offers financing, support, e-commerce application, and facility management services. The company was formerly known as Macrotech Developers Limited and changed its name to Lodha Developers Limited in June 2025. Lodha Developers Limited was founded in 1980 and is headquartered in Mumbai, India.
Quarterly results
Consolidated figures in ₹ crores
| Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|
| Sales | 4,224 | 3,492 | 4,673 | 4,714 | 4,997 |
| Operating profit | 1,221 | 984 | 1,415 | 1,413 | 1,922 |
| Net profit | 922 | 675 | 957 | 1,008 | 1,372 |
| EPS (₹) | 9.26 | 6.76 | 9.59 | 10.09 | 13.73 |
Concall summary (2026-07-30)
AI summary of the earnings call transcript · tone: Positive · source document
Guidance & outlook
- In terms of the rest of the year, we reaffirm our INR 240 billion pre-sales guidance for fiscal '27, and we expect H1 to be 40% to 42% of the full year, as we had mentioned in the start of the year itself.
- In terms of the immediate outlook for Q2, we are off to a good start in July, and we expect pre-sales to be INR 50 billion or more on the back of the planned calendar for this quarter.
Growth & demand
- Our commitment of 20% PAT growth is an annual guidance, not a quarterly one.
- For the full y ear, the launch calendar carries about 20 -plus projects and phases totalling approximately INR 250 billion of GDV, including our first launch in NCR as well as continued growth in Bangalore and Pune.
Margins & costs
- The adjusted EBITDA was INR 21.5 billion, up 79% at a margin of 43% against 34.4% a year ago.
- PAT was at INR 13.7 billion, more than double the INR 6.8 billion of Q1 FY26 at a PAT margin of 26.9% against 18.6% in the equivalent quarter a year ago, our best ever quarter on revenue, on EBITDA and on PAT.
Capex & expansion
- Our capital allocation hierarchy is clear and publicly stated, fund opportunities where there is brand fit and execution capacity, about 20% ROCE in DevCo and about 15% in RentCo, a regular dividend at 15% to 20% of PAT, thereafter debt reduction and thereafter, any surplus towards buyback or special dividends.
- And to that extent, yes, we would have certain expense, certain capex to be incurred, but those are in the bigger scheme of things are not too material, but yes, let's say, a number of more like INR 500 crores to INR 700-odd crores that we will incur over a period.
Balance sheet & cash
- That converted to INR 18.9 billion of operating cash flow.
- After investments, we still reduced net debt by INR 4.5 billion to now under INR 50 billion.
Peers in Real Estate - Development
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