Lodha Developers Jan-Mar Pre-Sales Rise 23% to ₹58.9 Billion, Collections Jump 18%

Lodha Developers reported its best-ever quarterly pre-sales of ₹58.9 billion for January–March of 2025-2026, marking a 23% year-on-year increase.

For the full year, pre-sales stood at ₹205.3 billion, up 16% compared with 2024-2025. The company said March saw some deferral of sales due to geopolitical tensions linked to the Iran situation, resulting in pre-sales falling ₹4.7 billion short of guidance.

Collections for the quarter rose 18% year-on-year to ₹52.3 billion, supported by a pick-up in construction activity. On a sequential basis, collections jumped 47%. For 2025-2026, collections increased 5% to ₹151.6 billion.

During the quarter, the company added one project in the Mumbai Metropolitan Region with a gross development value of ₹13.0 billion. For the full year, it added 12 projects across MMR, Pune, Bengaluru and NCR, with a total GDV of around ₹600.0 billion, significantly higher than its annual guidance.

As of April 1, Lodha Developers has a saleable GDV of about ₹2.0 trillion. The company said it plans to reduce investments in business development over the next 24 months while increasing free cash flow.

Net debt declined by ₹8.0 billion during the quarter to ₹53.7 billion, driven by strong collections. The net debt-to-equity ratio stood at 0.23x, well below its internal ceiling of 0.5x.