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January 7, 2026 at 6:34 AM IST
Lodha Developers reported its best-ever quarterly pre-sales in the December quarter, supported by strong demand in its core markets and an aggressive business development pipeline.
The company clocked pre-sales of ₹56.2 billion for the December-ended quarter, up 25% year on year and 23% sequentially. Lodha said sustained momentum in existing projects and a strong launch pipeline in the March quarter keep it on track to meet its full-year pre-sales guidance of ₹210 billion.
Collections during the quarter stood at ₹35.6 billion, lower than the year-ago period due to one-off inflows from large land and office sales in October+December. The company said collections are expected to scale up materially over the next few quarters.
On the business development front, Lodha added five projects during October-December with a gross development value of ₹338 billion across the Mumbai Metropolitan Region, NCR and Bengaluru. This took cumulative business development in the first nine months of 2025-26 to ₹588 billion, around 2.35 times its annual guidance of ₹250 billion. The company said the strong pipeline improves visibility on future growth and supports higher profitability in upcoming acquisitions.
Lodha also marked its entry into the NCR market with two pilot projects on a joint development basis, following what it described as a risk-calibrated capital deployment approach. The company said NCR, being the country’s second-largest housing market, offers significant opportunity due to limited presence of trusted, large developers. With this expansion, Lodha said it will be able to address nearly 80% of housing demand across the top seven Indian cities.
Despite the elevated investment in new projects during the first nine months, Lodha’s net debt stood at ₹61.7 billion at the end of October-December 2025-26, well below its internal ceiling of 0.5 times net debt to equity.
The company said the operational numbers are provisional and subject to limited review.
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