Lodha Developers Limited reported its best-ever quarterly performance for the quarter ended December 31, 2025, driven by robust pre-sales and record project additions. Pre-sales stood at Rs 56.2 billion in Q3FY26, marking a 25 per cent year-on-year growth and the company’s first instance of crossing the Rs 50 billion quarterly milestone. Embedded EBITDA margin for the quarter was 33 per cent.

Collections during the quarter were Rs 35.6 billion, while revenues from operations increased 14 per cent year-on-year to Rs 46.7 billion. Adjusted EBITDA came in at Rs 14.9 billion, and profit after tax stood at Rs 9.6 billion, translating into a PAT margin of 20 per cent.

During the quarter, Lodha added five new projects with a gross development value (GDV) of Rs 338 billion, the highest ever added in a single quarter. This follows the addition of six projects with a GDV of Rs 250 billion in the first half of FY26. The company also entered the NCR market as part of its disciplined growth strategy, expanding its presence to India’s top four housing markets, which together account for nearly 80 per cent of housing sales by value.

Net debt remained controlled at Rs 61.7 billion, with a net debt-to-equity ratio of 0.28x, well below the company’s stated ceiling. The exit cost of debt for Q3FY26 declined to 7.9 per cent, among the lowest in the sector. On a like-to-like basis, excluding land sales in the previous year, revenue from operations, adjusted EBITDA and adjusted PAT grew 29 per cent, 23 per cent and 49 per cent year-on-year, respectively.

Lodha also continued to advance its sustainability initiatives, including efforts on steel decarbonisation, renewable energy optimisation and low-carbon design benchmarks. Alongside this, the company strengthened its social impact programmes through education, scientific research and community development initiatives across its operating regions.