Sri Lotus Developers & Realty Limited reported a consolidated net profit of ₹46 crore for Q1FY27, rising 77% year-on-year from ₹26 crore, driven by a massive 567% surge in pre-sales to ₹409 crore. The Mumbai-based luxury real estate developer posted strong top-line growth with revenue reaching ₹132 crore, up 116% YoY, while EBITDA stood at ₹48 crore, up 63% YoY. The company also provided FY27 guidance for 55-60% growth in both revenue and profit after tax (PAT), signaling sustained momentum in its redevelopment pipeline.

The Board of Directors approved the unaudited financial results at a meeting held on August 03, 2026. The results were reviewed in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. T. P. Ostwal & Associates LLP, the statutory auditors, issued a limited review report confirming compliance with Ind AS 34.

Financial Performance Highlights

The company’s financial metrics for Q1FY27 demonstrate robust improvement across key indicators compared to the previous year. Collections also strengthened significantly, reaching ₹150 crore, up 115% YoY. The following table summarises key consolidated performance indicators:

While absolute EBITDA improved meaningfully, the EBITDA margin contracted to 36.4% from 48.0% in the prior year period. This compression reflects the higher cost base associated with accelerated project completions and handovers across multiple developments during the period.

Operational Updates and Pipeline

The quarter marked a strong start to FY27 with the launch of two new projects: Lotus Trident in Andheri West and Lotus Aquaria in Prabhadevi. Together, these projects have a Gross Development Value (GDV) of ₹1,350 crore. Both projects commenced construction immediately after launch, reporting strong customer interest and healthy enquiry pipelines.

Looking ahead, the company plans to launch four additional projects in the remaining part of FY27: Lotus Aurelia, Lotus Sky Plaza, Lotus Portofino, and Lotus Odyssey. These upcoming launches carry an estimated combined GDV of ₹3,500–4,000 crore, further expanding the development portfolio.

Forward-Looking Guidance

Management has set clear growth targets for the full fiscal year 2027, underpinned by strong demand in the premium housing segment.

What the Numbers Show

The divergence between the high pre-sales growth (567%) and the moderate revenue growth (116%) highlights the time lag inherent in real estate recognition. The surge in pre-sales indicates strong future visibility for revenue realization, while the current margin compression suggests aggressive pricing or higher initial construction costs in new launches. The net debt-free balance sheet provides the financial flexibility required to execute the large GDV pipeline without external leverage pressure.

Promoters of sri lotus developers & realty have declared that no new encumbrances were created on their shares during the financial year ended March 31, 2026. This compliance filing under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirms that the promoter group’s shareholding remains free of any undisclosed pledges or charges, providing clarity on the stability of the promoter stake for investors.

The declaration was signed by Anand Kamalnayan Pandit, a promoter of the company, on behalf of all other promoters and Persons Acting in Concert (PAC). The document was submitted to the Listing Departments of both the BSE Limited and the National Stock Exchange of India Limited on April 07, 2026. It also serves as a formal disclosure to the Audit Committee of Sri Lotus Developers and Realty Limited, ensuring internal governance alignment with external regulatory requirements.

Regulation 31(4) mandates that substantial shareholders disclose any creation of encumbrances on their securities. By confirming the absence of new encumbrances, the promoters affirm that there have been no changes to the pledge status of their holdings beyond what was previously disclosed. This routine but critical filing helps maintain market transparency regarding the liquidity and security status of promoter shares.

The declaration encompasses a specific list of individuals and entities classified as promoters or PACs. This group includes family members and trusts associated with the Pandit family, reflecting a consolidated approach to promoter group disclosures. The complete list of entities covered by this declaration is detailed below.

Promoters and Persons Acting in Concert

The following entities and individuals are covered under the declaration of no new encumbrances for FY26:

The trusts listed are managed by Roopa Anand Pandit as trustee. The inclusion of these entities ensures that the regulatory disclosure captures the entire economic interest and voting power held by the promoter group, preventing any fragmentation in the reporting of share encumbrances.