Lodha Developers Posts Best-Ever Quarterly Profit of ₹1,373 Crore in Q1 FY27, Revenue Up 43% to ₹4,997 Crore
Record Q1 FY27 Performance
Lodha Developers reported its highest-ever quarterly profit of ₹1,372.1 crore in the first quarter of FY27 (April–June 2026), marking a sharp acceleration in earnings as the developer navigated a strong market for premium residential properties.
Consolidated net profit rose from ₹675 crore in Q1 FY26 to ₹1,373 crore, while revenue from operations increased to ₹4,997 crore from ₹3,492 crore a year earlier. Sequentially, profit improved from ₹1,008 crore in the March 2026 quarter, with revenue rising from ₹4,714 crore.
Collections and Sales Momentum
Collections for the quarter stood at ₹4,205 crore, up 46 per cent year-on-year. The company reported quarterly pre-sales of ₹4,629 crore, up 4 per cent year-on-year in Q1 FY27.
The revenue topped Bloomberg analysts' poll estimate of ₹4,307.77 crore, while the profit also beat the estimate of ₹907.42 crore.
Profitability and Margins
The company's adjusted EBITDA for the quarter stood at ₹2,150 crore, up 79 per cent year-on-year, with EBITDA margin at 43 per cent compared with 34 per cent in Q1 FY26. Total expenses declined sequentially to ₹3,323 crore from ₹3,579 crore, supported by lower project costs and depreciation expenses.
Basic earnings per share improved to ₹13.73, while diluted EPS stood at ₹13.70, compared with ₹6.76 and ₹6.74 respectively in the year-ago quarter.
Balance Sheet Strength
The company's net debt as of Q1 FY27 stood at ₹4,931 crore, a quarter-on-quarter reduction of ₹446 crore, with net debt-to-equity ratio at 0.2x, below its self-imposed target ceiling of 0.5x.
Lodha's exit cost of debt for Q1 FY27 remained stable at 7.8 per cent, among the lowest in the industry.
Context: FY26 and Longer-Term Trajectory
The strong quarterly results follow a robust FY26 performance where consolidated revenue reached ₹16,676.2 crore and net profit rose to ₹3,430.7 crore. Lodha recorded 3 per cent price growth across its portfolio on a year-to-date basis.
On the back of strong structural housing demand and accelerating consolidation in favour of tier-1 brands like Lodha, the company is confident of growing its profit at 20 per cent CAGR over the long term.
Developer Profile
Lodha Developers Limited was founded in 1980 and is headquartered in Mumbai, India. The company is among the largest real estate developers in terms of presales and development pipeline in India with a presence in MMR, Pune and Bengaluru.