Sri Lotus Developers & Realty , a prominent player in Mumbai's luxury real estate market, has reported robust growth for the second quarter of fiscal year 2026, marked by significant pre-sales growth and the successful launch of two new projects.

Financial Highlights

The company's Q2 FY26 performance showcased impressive year-on-year growth:

EBITDA for the quarter stood at Rs. 50.00 crores, with margins at 28.60%. The company reported a profit after tax of Rs. 46.00 crores, registering an 8.00% year-on-year decrease but an 80.00% quarter-on-quarter growth.

New Project Launches

Sri Lotus Developers launched two significant projects in September 2025:

1. Arcadian at Juhu:

   • First-week bookings: Rs. 92.00 crores
   • Estimated Gross Development Value (GDV): Rs. 700.00 crores

2. Amalfi at Versova:

   • First-week bookings: Rs. 38.00 crores
   • GDV potential: Rs. 300.00 crores

Future Outlook

The company maintains its guidance for FY26:

• Pre-sales target: Rs. 1,100.00-1,300.00 crores
• Revenue growth: 75.00-85.00% year-on-year
• Profit after tax growth: 30.00-35.00% year-on-year

Sri Lotus Developers plans to launch four new projects in H2 FY26, with a combined revenue potential of Rs. 3,500.00-3,700.00 crores. These include Project Varun at Bandra, Lotus Aquaria at Prabhadevi, Lotus Celestial at Versova, and Lotus Trident at Andheri West.

Business Development

During the year, the company added six new projects to its portfolio, with an estimated GDV of Rs. 5,000.00 crores. The ongoing and upcoming pipeline, comprising 15 residential and 3 commercial projects, has a total GDV of Rs. 13,000.00-14,000.00 crores, translating to about 2.10 million square feet of saleable area to be realized by FY30.

Management Commentary

Anand Pandit, Managing Director and Chairman, commented on the company's strategy: "We continue to consolidate our presence across four micro-markets while expanding into newer areas such as Bandra and Prabhadevi. Our focus on efficient capital deployment and superior project economics, which is core to our redevelopment strategy, allows us to achieve an industry-leading return on equity (ROE) of 41.00% for FY25."

Sanjay Kumar Jain, CEO, added, "We are confident in our ability to achieve our FY26 guidance, supported by our strong launch pipeline and the sustained customer interest in our prime micro-market locations."

The company's net cash position as of September 2025 stood at Rs. 851.00 crores, providing a solid foundation for future growth and project execution.

Sri Lotus Developers continues to focus on the luxury redevelopment segment, with 14 out of its 18 ongoing and upcoming projects being redevelopments. This strategy aligns with the company's asset-light model and capital-efficient approach, which management believes will help sustain 25.00-30.00% PAT margins.

As Mumbai's luxury real estate market continues to show strong momentum, particularly in prime micro-markets, Sri Lotus Developers appears well-positioned to capitalize on the growing demand for high-end residential properties in the city.

Sri Lotus Developers & Realty , a prominent luxury real estate developer in Mumbai, has announced robust growth projections and significant project launches. The company's recent financial results and strategic initiatives highlight its strong position in the premium real estate market.

Strong Financial Performance and Growth Projections

Sri Lotus Developers reported impressive financial results for the recent quarter:

• Pre-sales surged to ₹257.00 crore, marking a substantial 126% year-on-year growth.
• Revenue stood at ₹176.10 crore, up 44% from the previous year.
• Profit After Tax (PAT) reached ₹46.40 crore.

For the first half of the fiscal year, the company achieved:

• Pre-sales of ₹319.00 crore, a 50% year-on-year increase.
• Revenue of ₹237.40 crore.
• PAT of ₹72.20 crore.

Looking ahead, Sri Lotus Developers has provided ambitious guidance:

Strategic Project Launches and Expansion

The company launched two key projects in September:

1. The Arcadian (Juhu): Received bookings of ₹92.00 crore within the first week.
2. Amalfi (Versova): Secured bookings of ₹38.00 crore in its initial week.

These projects, with a combined saleable carpet area of approximately 1.8 lakh sq. ft., have an estimated Gross Development Value (GDV) of about ₹1,000.00 crore.

Sri Lotus Developers plans to launch four new projects in the second half of the fiscal year:

1. Project Varun (Bandra)
2. Lotus Aquaria (Prabhadevi)
3. Lotus Celestial (Versova)
4. Lotus Trident (Andheri West)

Expanding Project Pipeline

The company has significantly expanded its project portfolio in the first half, adding six new projects:

• Development Agreements executed for:

  1. Lotus Portofino (Versova)
  2. Lotus Sky Plaza (Oshiwara)
  3. Lotus Odyssey (Bandra)

• Appointed as preferred developer for:

  1. Lotus Avalon (Juhu)
  2. Lotus Imperial (Bandra)
  3. Lotus Upper Crest (Bandra)

Strong Financial Position

As of September, Sri Lotus Developers maintains a robust financial position with a net cash balance of ₹851.00 crore. This solid financial foundation supports the company's aggressive growth and expansion plans.

Market Outlook and Strategy

Anand Pandit, Chairman & Managing Director, commented on the company's performance and outlook: "We continue to strengthen our presence across our core micro-markets, while simultaneously expanding in newer precincts such as Bandra and Prabhadevi. The brand acceptance of Lotus Developers is clearly visible in our growing Business Development pipeline."

The company's combined GDV for ongoing and upcoming projects stands at approximately ₹13,000.00 to 14,000.00 crore, indicating a substantial pipeline for future growth.

Sri Lotus Developers remains confident in achieving its targets, citing sustained demand for premium redevelopment in its key markets and a strong balance sheet position.

As the company continues to capitalize on the growing demand for luxury real estate in Mumbai's prime locations, it appears well-positioned to maintain its growth trajectory in the coming quarters.