| Management target | Net Profit 20.0% FY27 |
|---|
| Revenue growth | 43% YoY reaching INR 50.0bn |
|---|---|
| Margins | PAT margin up to 26.9% due to land sales |
| Order book | Unsold GDV of ~INR 2,000bn |
| Demand visibility | Strong; 14mn new homes required for high-income households this decade |
| Management confidence | High; citing 'once in a country’s lifetime opportunity' |
Growth
Revenue grew 43% YoY; PAT up 103% YoY with margins expanding to 26.9% from 18.6% in Q1FY26.
Outlook
FY27 pre-sales guidance of INR 240bn; target 20% PAT CAGR; debt-free goal for DevCo level within years.
Risks
Construction cost inflation, though manageable at <3% annualized; regulatory shifts; potential demand-supply mismatch in lower ticket segments.
Last quarter's promises, checked
Delivered
- Guided FY26 Pre-sales INR 205bn → delivered INR 205bn (= BEAT)
- Guided FY26 PAT Margin 20% → delivered 20% (= BEAT)
- Guided FY26 Business Development INR 250bn GDV → delivered INR 600bn (= BEAT)
Partly delivered
- Guided FY26 Collections growth → delivered 5% YoY (noted as modest) (= PARTIAL)
Earnings Call Transcript filed with BSE, NSE: LODHA. Summary written with AI assistance from the document.
Lodha Developers Ltd: key numbers
- Share price
- ₹1,135.60
- Market cap
- ₹1,13,490 Cr
- Revenue (annual)
- ₹16,676 Cr
- Net profit (annual)
- ₹3,428 Cr
- P/E (TTM)
- 27.5×Sector 34.9×
- Promoter holding
- 70.31%-1.96% QoQ
- FII holding
- 23.65%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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