Lodha Developers Limited , one of India's leading real estate companies, has reported robust financial results for the second quarter of fiscal year 2026, demonstrating resilience in a dynamic market environment.

Key Financial Highlights

Operational Performance

Lodha's operational metrics remained strong, with collections increasing by 13% year-over-year to INR 34.80 billion. The company maintained a robust Adjusted EBITDA margin of 34.40%, reflecting operational efficiency despite market challenges.

Strategic Developments

In line with its growth strategy, Lodha added one new project in Mumbai's Western Suburbs with a Gross Development Value (GDV) of INR 23.00 billion during Q2. This addition contributes to the company's full-year business development goal of INR 250.00 billion GDV, which has already been achieved in the first half of FY26.

Market Position and Future Outlook

Abhishek Lodha, MD & CEO of Lodha Developers, commented on the results: "We are pleased to deliver our best ever Q2 performance with pre-sales of INR 45.70 Bn, up 7% YoY. We find strong market momentum with continuing strength in walk-ins and conversions."

The company remains optimistic about its future performance, citing factors such as low homeownership levels, rising household incomes, and improving affordability as drivers for sustained growth in the real estate sector.

Financial Stability

Lodha maintains a strong financial position with its net debt standing at INR 53.70 billion, representing a net debt to equity ratio of 0.25x, well below the company's ceiling of 0.5x. The average cost of debt decreased by 30 basis points quarter-on-quarter to 8.00%, among the lowest in the industry.

Conclusion

Lodha's Q2 FY26 results demonstrate the company's ability to capitalize on market opportunities and maintain strong financial performance. With a solid project pipeline and strategic market positioning, Lodha appears well-positioned to continue its growth trajectory in the Indian real estate market.

Investors and market watchers will likely keep a close eye on Lodha's performance in the coming quarters, particularly as the company aims to meet its full-year pre-sales guidance of INR 210.00 billion.

Lodha Developers , one of India's leading real estate developers, has achieved its full-year business development target ahead of schedule and reported strong performance for the second quarter, signaling a robust growth trajectory.

Early Achievement of Business Development Target

Lodha Developers has already achieved its full-year business development target of INR 250 billion Gross Development Value (GDV) in the first half of the fiscal year. This early accomplishment underscores the company's robust market position and effective execution of its growth strategy. Additionally, the company added one new project worth INR 23 billion GDV in Q2, further strengthening its project pipeline.

Q2 Performance Highlights

Lodha has reported strong performance for the second quarter:

The company's Q2 performance demonstrates robust growth across key financial metrics, particularly in revenue and profitability.

Strategic Initiatives and Market Position

Lodha's management highlighted several strategic initiatives:

1. Strong market momentum with increasing walk-ins and conversions
2. Non-launch weekly sales approaching ₹3.00 billion
3. Significant launches planned for the second half of the fiscal year
4. Expansion into the Green Data Centre business at Palava, with anchor operators AWS and STT

Conclusion

Lodha's early achievement of its full-year business development target, combined with strong Q2 performance, reflects the company's solid position in the real estate market. The expansion into the data center business and focus on growth while maintaining financial discipline position Lodha well for future success in India's evolving real estate and digital infrastructure landscape.

As the company moves forward with its plans, investors and industry observers will likely monitor Lodha's execution of these strategies in the changing market environment.