Lodha Developers Posts Record Q3 FY26 Pre-Sales of ₹5,620 Crore (Up 25% YoY); Q3 Net Profit ₹956.9 Crore
Record Quarter Drives Lodha Growth Momentum
Lodha Developers has posted pre-sales of Rs 5,620 crore for the third quarter of FY26 (Q3 FY26), up 25 per cent year-on-year, reporting its best-ever quarter in terms of pre-sales, according to the company's stock exchange filing on Tuesday. In an operational update for the October-December quarter of this fiscal, the company informed that it collected Rs 3,560 crore during the last quarter.
Sales and Collections Momentum
Sequentially, the pre-sales grew by 23 per cent. This marked a significant acceleration in bookings driven by strong residential demand across the company's portfolio. So far, in the first nine months of FY26 (9M FY26), the company has recorded pre-sales of Rs 14,640 crore, up 14 per cent year-on-year.
The company has guided for pre-sales of Rs 21,000 crore for FY26. "Strong momentum in our sustenance sales and significant launch pipeline in Q4 will support achievement of our pre-sales guidance for the year," the company noted.
Profitability and Financial Position
The company reported consolidated net profit of ₹956.9 crore for Q3 FY26, reflecting operational efficiency and strong conversion. As of 9M FY26, the company's net debt stood at Rs 6,170 crore, with net debt-to-equity remaining below its target ceiling of 0.5 times. This conservative leverage position provides flexibility for growth investments while maintaining financial discipline.
Aggressive Portfolio Expansion Across Metro Markets
In Q3 FY26, Lodha added five projects with a gross development value (GDV) of Rs 33,800 crore across the Mumbai metropolitan region (MMR), the National Capital Region (NCR), and Bengaluru to its portfolio. This takes the company's 9M FY26 business development to Rs 58,800 crore, which is 2.35 times its annual guidance of Rs 25,000 crore.
"Our pilot in NCR has started with two projects on a joint development basis, reflecting our risk-calibrated approach to capital deployment. NCR is the second-largest housing market in the country, with a shortage of trusted quality developers and a fragmented supply landscape. The NCR entry will enable us to serve nearly 80 per cent of the housing demand across the top seven Indian cities," Lodha added.
Developer Backdrop
Lodha Developers Limited (formerly known as Macrotech Developers Limited) is an Indian multinational real estate company and construction company headquartered in Mumbai. It was founded in 1980 by Mangal Prabhat Lodha. It has developed residential and commercial properties in Mumbai, Thane, Hyderabad, Pune, Bengaluru and London.
With over 40 years of experience and 85,000+ homes delivered, Lodha brings unmatched design quality and delivery credentials to Bangalore's premium residential market. The company's reach extends across the country's major metropolitan centres, with a particular focus on mixed-income and luxury residential segments alongside commercial and township developments.
Market Position and Growth Runway
The strong Q3 performance underscores robust demand for branded residential real estate in urban India's top markets. With nine months delivering 70 percent of the full-year pre-sales guidance and a substantial launch pipeline planned for Q4, execution visibility remains solid. The company's strategic entry into NCR alongside consolidation of positions in MMR, Pune, and Bengaluru reflects confidence in sustained housing demand and market fragmentation that favours larger, established operators.