Lodha Developers has announced its highest-ever quarterly pre-sales, reaching ₹58.9 billion in Q4FY26, marking a 23% year-on-year increase. The company’s pre-sales for the entire fiscal year stood at ₹205.3 billion, reflecting a 16% growth compared to the previous year. However, pre-sales were ₹4.7 billion below the guidance due to sales deferrals attributed to the Iran war.
The company’s collections also saw a significant boost, amounting to ₹52.3 billion for Q4FY26, which represents an 18% increase year-on-year. For the full fiscal year, collections totalled ₹151.6 billion, showing a 5% rise from FY25. This increase in collections was supported by ramped-up construction activities.
In terms of business development, Lodha Developers added one project in the Mumbai Metropolitan Region (MMR) with a gross development value (GDV) of ₹13 billion in Q4FY26. Over the fiscal year, the company added twelve projects across MMR, Pune, Bengaluru, and NCR, amounting to a GDV of approximately ₹600 billion, which is 2.4 times their annual guidance. As of 1st April 2026, the company has a GDV of approximately ₹2 trillion available for sale, excluding land banks in townships not intended for use in the next five years. Lodha Developers plans to reduce business development investments over the next 24 months to enhance free cash flow.
The company’s net debt reduced by ₹8.0 billion to ₹53.7 billion during the quarter, driven by strong collections. Despite substantial investments in business development throughout FY26, Lodha Developers’ net debt-to-equity ratio stands at 0.23x, well below their ceiling of 0.5x.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).