Lodha Developers' shares ticked up over 2% on Wednesday, reaching a day‑high of ₹1,138 after the builder reported solid quarterly numbers.
Key Highlights
- Q3 FY2026 sales bookings jumped 25% YoY to ₹5,620 cr.
- Pre‑sales reached a record ₹56.2 bn, up 25% YoY.
- Five new projects added, adding ₹338 bn of gross development value.
- Net debt stood at ₹61.7 bn, well within the company’s target ratio.
- Shares closed at ₹1,112.10, a slight dip from the intraday high.
Sales and Pre‑sales Momentum
The company said demand for homes stayed strong across its main markets, pushing sales bookings to ₹5,620 cr, compared with ₹4,510 cr a year ago. Pre‑sales for the quarter hit ₹56.2 bn, the highest ever for Lodha, showing a 25% rise from the same period last year and a 23% increase from the previous quarter.
New Projects and Geographic Expansion
Lodha launched five new projects worth ₹338 bn in the Mumbai Metropolitan Region, the National Capital Region and Bengaluru. This brings its total business development for the first nine months of FY26 to ₹588 bn, more than double its annual guidance of ₹250 bn. The builder also entered the NCR market through two joint‑development ventures, using a low‑risk capital approach.
Financial Health
Collections for the quarter were ₹35.6 bn, lower than a year ago because the previous period included one‑off land and office sales. Lodha expects collections to rise in the coming quarters. Net debt remains at ₹61.7 bn, comfortably below its 0.5 × net‑debt‑to‑equity ceiling.
Share Performance
The stock closed at ₹1,112.10 on the NSE, giving the company a market value of about ₹1.11 lakh cr. The 14‑day Relative Strength Index (RSI) sits at 54.3, indicating neutral momentum.
What This Means for Investors
Strong sales growth, a robust pipeline of new projects and a healthy balance sheet suggest Lodha could keep delivering earnings growth. However, the modest dip in collections and neutral RSI mean investors should watch upcoming quarterly results for any changes.
Remember, this is just an overview, not a prediction. Do your own research before making any investment decisions.