Lodha Developers
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Lodha Developers (LODHA) investor relations material

Lodha Developers Q3 25/26 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 25/26 earnings summary29 Jan, 2026

Executive summary

  • Achieved record quarterly pre-sales of INR 56.2 billion in Q3FY26, up 25% year-on-year, with nine-month pre-sales at INR 146 billion, representing 70% of full-year guidance.

  • Embedded EBITDA margin for the quarter was approximately 32%, with pro forma PAT of INR 12 billion and PAT margin of 21%.

  • Net debt stood at INR 61.7 billion (0.28x equity), well below the ceiling of 0.5x, and average cost of funds declined to 7.9%.

  • Significant business development with INR 340 billion GDV added in the quarter, including entry into NCR with two projects using a capital-light approach.

  • Continued strong ESG performance, including carbon neutrality for FY2025 and ranking among top Indian brands and global sustainability indices.

Financial highlights

  • Revenue from operations for Q3FY26 was INR 46.7 billion, up 14.4% year-on-year, with 9M FY26 revenue at INR 119.6 billion, up 25.2%.

  • Adjusted EBITDA for Q3FY26 was INR 14.9 billion (margin 32%), with 9M FY26 adjusted EBITDA at INR 40.0 billion.

  • PAT for the quarter was approximately INR 9.6 billion, with 9M FY26 adjusted PAT at INR 24.2 billion.

  • Dividend for FY25 at INR 4.25/share, up 90% from FY24.

  • Earnings per share (EPS) for Q3 FY26 stood at ₹9.59 (consolidated, basic) and ₹11.48 (standalone, basic).

Outlook and guidance

  • On track to achieve full-year pre-sales guidance of INR 210 billion and embedded EBITDA margin of 33%.

  • Operating cash flow guidance for FY26 at INR 77 billion; 9M actuals at INR 39 billion.

  • ROE expected to remain around 20% on a pro forma basis.

  • Launch pipeline for Q4 exceeds INR 120 billion.

  • Ongoing merger processes with certain subsidiaries are underway, with regulatory approvals in progress.

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Next Lodha Developers earnings date

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Q4 25/2621 Apr, 2026
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Frequently asked questions

Macrotech Developers Limited is an Indian real estate development company engaged in residential, commercial, and mixed-use property projects. The company focuses on developing luxury and affordable housing, office spaces, and integrated townships. It also undertakes infrastructure and industrial park developments. In addition to real estate construction, Macrotech Developers Limited provides property management and allied services. The company operates primarily in key urban centers across India. It is headquartered in Mumbai, India, and its shares are listed on the NSE and BSE.

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