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.

Lodha Developers , one of India's leading real estate firms, has reported strong financial results for the second quarter, demonstrating significant growth across key metrics.

Financial Highlights

• Net Profit: Rs 790.00 crore, up 87% year-on-year
• Revenue from Operations: Rs 3,800.00 crore, up 45% year-on-year
• Pre-sales: Rs 4,570.00 crore, up 7% year-on-year (highest Q2 performance)
• Collections: Rs 3,480.00 crore, up 13% year-on-year
• Profit Margin: Expanded to 20.40% from 15.80%

Operational Performance

Lodha Developers posted a remarkable 87% year-over-year increase in net profit, rising to Rs 790.00 crore. This substantial growth in profitability underscores the company's strong market position and operational efficiency.

Revenue from operations for the quarter stood at Rs 3,800.00 crore, marking a significant 45% increase from the previous year. This robust top-line growth reflects the company's ability to capitalize on the growing demand in the real estate sector.

The company achieved record pre-sales of Rs 4,570.00 crore for the quarter, representing a 7% year-on-year increase and marking its highest second-quarter performance. Collections grew by 13% to Rs 3,480.00 crore, indicating strong cash flow generation.

Business Development

Lodha Developers has already achieved its full-year business development target of Rs 25,000.00 crore in gross development value. The company added one new project worth Rs 2,300.00 crore in the Mumbai Metropolitan Region during the quarter.

Market Momentum and Future Outlook

MD & CEO Abhishek Lodha noted strong market momentum, with non-launch weekly sales approaching Rs 300.00 crore per week. The company remains on track for its full-year pre-sales guidance of Rs 21,000.00 crore.

Strategic Initiatives

Lodha Developers signed a Memorandum of Understanding (MOU) with the Maharashtra government to establish a Green Data Centre Park at Palava, with Amazon Web Services and STT as anchor operators. This initiative aligns with the company's diversification strategy and commitment to sustainable development.

Debt Management

The company's net debt stood at Rs 5,370.00 crore with a net debt-to-equity ratio of 0.25 times. Notably, the average cost of debt declined to 8.00%, reflecting improved financial management and potentially lower borrowing costs.

Lodha Developers' strong quarterly results reinforce its position as a key player in the Indian real estate market. The company's ability to deliver substantial growth in revenue and profitability amid evolving market conditions demonstrates its resilience and strategic capabilities.

Note: All figures are based on the consolidated financial results as reported by Lodha Developers Limited.