$LODHA

Lodha Developers shares gained in early trade on Monday after the real estate company reported strong earnings for the June quarter and reaffirmed its FY27 pre-sales guidance. The company posted a more than two-fold jump in consolidated net profit to ₹1,372.1 crore for the April-June quarter of FY27, compared with ₹674.7 crore in the corresponding period last year. Revenue from operations rose 43.1% year-on-year to ₹4,997 crore, up from ₹3,492 crore a year earlier. Lodha Developers recorded pre-sales of ₹46.3 billion in the first quarter of FY27, up 3% year-on-year and broadly in line with the brokerage's estimate of ₹46 billion. According to the analyst, the performance was primarily driven by sustenance sales from existing inventory, as the company did not launch any new projects during the quarter, along with land sales worth ₹10–12 billion. The brokerage noted that to achieve its FY27 pre-sales guidance, Lodha Developers will need to generate ₹193 billion in pre-sales over the remaining nine months of the fiscal year, compared with ₹161 billion in the corresponding period of FY26, implying a 20% year-on-year increase. According to the analyst, the target appears achievable, as the company would need to sell around 30% of its total available supply during the remainder of FY27 to meet its guidance.