Lodha Developers Results Analysis

Operating Revenue for Q2FY26 is Rs. 3,799 Crs., 44.67% growth YoY, Total Income is Rs. 3,879 Crs., 44.5% growth YoY, EBITDA is Rs. 1,109 Crs., 57.4% growth YoY, EBITDA Margin is 29.19% improved by 236 Basis points YoY, PBT Rs. 961 Crs., 71.6% growth YoY, PAT Rs. 790 Crs. 86.7% growth YoY. On QoQ basis Op. Revenue is up by 8.8%, Total Income is up by 7%, EBITDA is up by 12.6%, EBITDA Margins are improved by 100 Basis points, PBT is up by 6.3% and PAT is also up by 17%. Presales: Q2 presales INR45.7 bn (+7% YoY) Lodha delivered its best-ever Q2 presales and maintained margin/ROE discipline amid an elevated JDA mix, while preserving balance sheet strength. Detailed DATA Center business plan will be disclosed in January update: governance/partnering model, phasing, customer pipeline, capex/funding structure, and risk allocation etc.