Lodha Developers Q1FY26 Update | Business on Track

Developers’ Q1FY26 pre-sales/bookings increased 10% YoY to ₹4,450 crore, below its full-year growth target of 20%. ➞ The company remains confident of meeting its FY26 pre-sales target of ₹21,000 crore, supported by a robust launch pipeline driven by strong business development in Q1. ➞ Collections rose 7% YoY to ₹2,880 crore but declined sequentially; management anticipates significantly higher collections in H2FY26 compared to H1FY26. ➞ Lodha added five new projects across Mumbai, Pune, and Bengaluru, with a combined gross development value (GDV) of ₹22,700 crore, achieving over 90% of its annual business development target of ₹25,000 crore. ➞ The net debt-to-equity ratio remains comfortably below the company’s threshold of 0.5x, reflecting controlled leverage. However, escalating home prices are raising affordability concerns, potentially dampening demand for residential properties in key markets.