Lodha Developers Reports Record Q4 FY26 PAT of ₹1,007.9 Crore; Full-Year FY26 Net Profit Rises 24% to ₹3,428 Crore

Record Quarterly Profit Signals Strong Residential Demand

Lodha Developers' profit for the fourth quarter of the financial year 2026 (Q4 FY26) grew by about 9.35 per cent year-on-year (YoY) to Rs 1,007.9 crore on higher revenues and pre-sales. The company also achieved its highest-ever quarterly pre-sales: the company reported its highest-ever quarterly pre-sales at Rs 5,890 crore, up 23 per cent year-on-year (YoY) for Q4 FY26.

Lodha's revenue (from operations) increased by 11.58 per cent YoY to Rs 4,713.5 crore. The company's adjusted earnings before interest, taxes, depreciation, and amortisation (Ebitda) for the quarter stood at Rs 1,650 crore, up 13 per cent YoY. Meanwhile, its Ebitda margin stood at 34 per cent.

Lodha's collections during the same period stood at Rs 5,230 crore, up 18 per cent YoY. Collections accelerated sharply in the final quarter, reflecting accelerated construction progress and customer cash inflows across the company's active project portfolio.

Full-Year Performance: 24% Profit Growth, Strong Collections

In FY26, the company's revenue grew by 21.02 per cent to Rs 16,676.2 crore, while its profit increased by 24.01 per cent to Rs 3,428.2 crore, driven by pre-sales. In FY26, Lodha recorded pre-sales of Rs 20,530 crore, up 16 per cent YoY; the collections for the same period stood at Rs 15,160 crore, up 5 per cent YoY.

The full-year numbers underscore how the company's strong position as India's largest residential developer by sales value translates into consistent execution. Abhishek Lodha, managing director and chief executive officer, Lodha Developers, said, "Our focus on profitable growth and long-term value creation with low leverage has enabled us to scale up our business significantly over the last few years. What is heartening is that this performance has come through despite multiple geopolitical headwinds in the last 12 months, reaffirming the resilience of housing demand from the top brands."

Dividend and Deleveraging

The board has recommended a final dividend of ₹4.25/share for FY26. The company's net debt as of FY26 stood at Rs 5,377 crore — a QoQ reduction of Rs 800 crore on the back of strong collections. Lodha's net debt-to-equity ratio stood at 0.23x, below its target ceiling of 0.5x.

Guidance and Medium-Term Outlook

Lodha has guided pre-sales of Rs 24,000 crore for FY27. It also aims to grow its profit after tax (PAT) at a compound annual growth rate of 20 per cent to over Rs 8,500 crore by FY31.

During FY26, Lodha added 12 projects with a gross development value (GDV) of Rs 60,000 crore across the Mumbai Metropolitan Region (MMR), Pune, Bengaluru, and the National Capital Region (NCR), 2.4 times the annual guidance. As of April 1, 2026, Lodha has a GDV amounting to Rs 2 trillion available for sale, excluding land bank in townships, which will be used beyond the next five years.

Strategic Growth: NCR Entry and Annuity Income

The company entered the National Capital Region (NCR) market in FY26 through Joint Development Agreement (JDA) route, acquiring two land pieces in Gurgaon with combined GDV of ₹33 billion. The NCR expansion follows Lodha's successful pilot-and-scale model previously implemented in Bengaluru and Pune.

Beyond residential, the company expects data centres, retail, warehousing, and offices to grow its annuity income, which stood at Rs 290 crore in FY26, by 10 times over the next six years, providing diversity to its business. For Palava, significant infrastructure developments are underway. The Navi Mumbai International Airport has been inaugurated 40 minutes from Palava, while the Mulund-Airoli-Palava freeway is expected to open imminently, reducing travel time to Mumbai's Eastern suburbs to under 25 minutes.

Company Scale and Footprint

Lodha Developers Limited was founded in 1980 and is headquartered in Mumbai, India. The company highlighted that this is the first time that the company has achieved more than Rs 20,000 crore of pre-sales for a year, and yet, its market share is only 3.5 per cent (in value terms) out of the primary housing sales in the top six cities in India, indicating a long growth runway ahead.