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.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Infrastructure Urban

02 Jun 2026

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Infrastructure Transport

02 Jun 2026

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..