Lodha Posts Record Q3FY26 Pre-Sales, Adds Rs 338 bn GDV

30 Jan 2026 CW Team

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.

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.

Real Estate

02 Feb 2026

Union Budge: Infra-Led Urban Shift

The Union Budget FY27 reinforces infrastructure-led urbanisation as the backbone of India’s real estate and housing growth. Higher public capital expenditure, City Economic Regions, risk-mitigation mechanisms and REIT-led asset monetisation are being widely viewed as long-term enablers, even as the industry continues to seek sharper supply-side reforms and affordability-focused measures. Here are a few industry insights:Dr Niranjan Hiranandani, Chairman, NAREDCO & Hiranandani Group“The Union Budget 2026-27 is growth-oriented and stability-focused, supporting consumption and aiming to s..

Infrastructure Urban

02 Feb 2026

Budget 2026 Charts Path for Infrastructure-Led, Tech-Driven Growth

The Union Budget 2026–27 signals strong continuity in India’s macroeconomic strategy, anchored in elevated public capital expenditure, fiscal discipline, and a sharper focus on manufacturing, infrastructure, and regional development. With capital outlay pegged at ₹12.2 lakh crore and a fiscal deficit target of around 4.3 per cent, the Budget balances growth ambition with stability, offering long-term visibility to investors and project developers.A dominant theme is the centrality of infrastructure as a multiplier for economic expansion. Public capex now accounts for over 3.3 per cent of..

Infrastructure Energy

02 Feb 2026

Tata Power Arm Crosses 10 GW EPC Milestone

Tata Power Renewable Energy Ltd (TPREL) has achieved a major milestone by executing 10 gigawatts of engineering, procurement and construction (EPC) renewable energy projects to date, reinforcing its position in India’s clean energy infrastructure sector. According to the company, the executed portfolio comprises 4.2 gigawatts of in-house projects and 5.8 gigawatts of third-party projects. Of the total 10 gigawatts commissioned so far, 9.7 gigawatts are solar projects and 290 megawatts are wind projects. In the first nine months of FY26, TPREL commissioned 1.88 gigawatts of EPC renewable en..