Sri Lotus Developers Reports Strong Q2 FY26 Growth, Launches Two New Projects
Sri Lotus Developers & Realty, a luxury real estate developer in Mumbai, reported robust Q2 FY26 results. Pre-sales grew 126% year-on-year to Rs. 257 crores, while revenue increased 43% to Rs. 176 crores. The company successfully launched two projects: Arcadian at Juhu and Amalfi at Versova, with combined first-week bookings of Rs. 130 crores. Sri Lotus maintains its FY26 guidance, targeting pre-sales of Rs. 1,100-1,300 crores and plans to launch four new projects in H2 FY26. The company's portfolio expanded with six new projects, estimating a total GDV of Rs. 13,000-14,000 crores across 18 projects by FY30. Management remains confident in achieving FY26 targets, supported by a strong launch pipeline and customer interest in prime locations.
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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:
| Metric | Q2 FY26 | YoY Growth |
|---|---|---|
| Pre-sales | Rs. 257.00 crores | 126.00% |
| Revenue | Rs. 176.00 crores | 43.00% |
| Collections | Rs. 106.00 crores | 16.00% |
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:
Arcadian at Juhu:
- First-week bookings: Rs. 92.00 crores
- Estimated Gross Development Value (GDV): Rs. 700.00 crores
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.
