Conference Call with Lodha Developers Management and Analysts on Q4FY26 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Realty company Lodha Developers announced Q4FY26 & FY26 results Q4FY26 Standalone Financial Highlights: Revenue From Operations: Reported at 39,017 million, a decline of 9.42% QoQ compared to 43,073 million and an increase of 0.30% YoY compared to 38,900 million. Total Income: Reported at 41,700 million, a decrease of 11.39% QoQ from 47,062 million and a growth of 3.09% YoY from 40,450 million. Net Profit for the period: Stood at 7,943 million, a decline of 30.67% QoQ from 11,457 million and an increase of 7.11% YoY from 7,416 million. Basic EPS: Reported at 7.95, a decrease of 30.75% QoQ from 11.48 and an increase of 6.71% YoY from 7.45. Diluted EPS: Reported at 7.93, a decrease of 30.74% QoQ from 11.45 and an increase of 6.73% YoY from 7.43. Q4FY26 Consolidated Financial Highlights: Revenue From Operations: Reported at 47,135 million, an increase of 0.88% QoQ compared to 46,725 million and a growth of 11.58% YoY compared to 42,243 million. Total Income: Reported at 48,405 million, up 1.36% QoQ from 47,754 million and 9.51% YoY from 44,203 million. Net Profit for the period: Stood at 10,081 million, showing a growth of 5.26% QoQ from 9,577 million and 9.24% YoY from 9,228 million. Basic EPS: Reported at 10.09, an increase of 5.21% QoQ from 9.59 and 8.96% YoY from 9.26. Diluted EPS: Reported at 10.07, up 5.33% QoQ from 9.56 and 9.22% YoY from 9.22. FY26 Standalone Financial Highlights: Revenue From Operations: Reported at 1,45,417 million, an increase of 9.28% YoY compared to 1,33,066 million. Total Income: Stood at 1,54,185 million, showing a growth of 12.26% YoY from 1,37,346 million. Net Profit for the year: Reported at 29,199 million, an increase of 20.75% YoY compared to 24,182 million. Basic EPS: Stood at 29.25, up 20.47% YoY from 24.28. Net Cash Flow from Operating Activities: Stood at 14,858 million for FY26 compared to 16,095 million in FY25. FY26 Consolidated Financial Highlights: Revenue From Operations: Reported at 1,66,762 million, reflecting a growth of 21.02% YoY compared to 1,37,795 million. Total Income: Reported at 1,71,195 million, up 20.82% YoY from 1,41,698 million. Net Profit for the year: Stood at 34,307 million, an increase of 24.00% YoY from 27,666 million. Basic EPS: Reported at 34.34, up 23.70% YoY from 27.76. Net Cash Flow from Operating Activities: Stood at 9,593 million for FY26 compared to 15,656 million in FY25. Dividend: Recommended a final dividend of Rs 4.25 (42.5%) per equity share of Rs 10 each for the financial year ended March 31, 2026. Business Highlights: Pre-sales Performance: Achieved record annual pre-sales of Rs 20,530 crore in FY26. Debt Reduction: Net debt reduced by Rs ~800 crore during the quarter to Rs 5,377 crore. Leverage: Net Debt/Equity ratio stood at 0.23x, significantly below the ceiling of 0.5x. Cost of Debt: Exit cost of debt for Q4FY26 was 7.8%, down 10 bps for the quarter. Project Portfolio: Added 12 projects with a Gross Development Value (GDV) of Rs ~60,000 crore during FY26 across MMR, Pune, Bengaluru, and NCR. Market Expansion: Successfully entered the NCR market, which is India’s second-largest housing market. Inventory: As of April 1, 2026, the company has GDV amounting to Rs 2,00,000 crore available for sale. Annuity Income: Signed an MOU with the Government of Maharashtra to set up a 1 GW Green Data Centre Park in Palava spread across ~400 acres. Profitability: PAT margin for the year reached 20.0%.  Abhishek Lodha, MD & CEO, Lodha Developers, said: “We are pleased to deliver record profitability for FY26. Our focus on profitable growth and long-term value creation with low leverage, has enabled us to scale up our business significantly over the last few years. What is heartening is that this performance has come through despite multiple geopolitical headwinds in last 12 months, reaffirming the resilience of housing demand from the top brands. This is the first time that we have achieved more than Rs 20,000 crore of pre-sales for the year and yet, our market share is only ~3.5% (in value terms) out of the primary housing sales in the Top 6 cities in India, indicating long growth runway ahead.” Result PDF