Lodha Developers Limited (formerly known as Macrotech Developers Limited) reported robust operational performance for the first quarter of FY26, with pre-sales rising 10% year-on-year (YoY) to ₹4,450 crore despite geopolitical headwinds that impacted activity for nearly two weeks during the quarter.
In a regulatory filing on Monday, July 7, the company shared its key provisional metrics:
-
Pre-sales: ₹4,450 crore in Q1 FY26, compared to ₹4,030 crore in Q1 FY25.
-
Collections: ₹2,880 crore, up 7% YoY from ₹2,690 crore.
-
Business development: Lodha added five new projects across MMR, Pune, and Bengaluru, with an estimated gross development value (GDV) of ₹22,700 crore — already over 90% of its full-year guidance of ₹25,000 crore.
-
Net debt: Stood at ₹5,080 crore, well within the company’s stated ceiling of 0.5x Net debt-to-equity.
The company reiterated its confidence in achieving its FY26 pre-sales guidance of ₹21,000 crore, citing a strong launch pipeline built on significant business development during the quarter. Collections are also expected to be stronger in the second half of the fiscal year compared to the first.
The company emphasized that the reported numbers are provisional and subject to limited review.
Lodha’s update reflects its continued growth momentum in India’s residential and commercial real estate markets, even amid external challenges.
