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Lodha Developers Ltd reported a marginal increase in consolidated net profit for the December quarter of FY26, supported by higher income and strong pre-sales momentum. The Mumbai-based real estate developer posted a net profit of INR 956.9 crore, up 1% from INR 944.4 crore in the corresponding quarter last year, according to a regulatory filing. Total income during the quarter rose to INR 4,775.4 crore from INR 4,146.6 crore a year earlier. The company also crossed the INR 5,000 crore mark in quarterly pre-sales for the first time, reflecting sustained demand across key markets. During the quarter, Lodha entered the Delhi-NCR region as part of its expansion strategy, positioning itself across India's four largest residential markets, which together account for a significant share of housing sales by value.
Lodha Developers Ltd reported a 1% year-on-year increase in consolidated net profit to INR 956.9 crore for the third quarter of FY26, compared with INR 944.4 crore in the same period last year. The performance was supported by higher income and continued strength in residential demand, as per its regulatory filing. Advertisement
Total income during the October-December quarter rose to INR 4,775.4 crore, up from INR 4,146.6 crore in the corresponding period of the previous financial year. The growth reflects steady sales momentum across the company's residential portfolio amid improving affordability and stable mortgage conditions.
Commenting on the quarterly performance, the management indicated that the company's pre-sales results underscored sustained demand for its products and brand positioning. For the first nine months of the current financial year, Lodha Developers recorded strong cumulative pre-sales, with the December quarter marking a milestone as quarterly sales crossed INR 5,000 crore for the first time.
The management also pointed to supportive macroeconomic factors, including policy interventions by the government and the central bank, which are expected to provide stability to the broader economy. Measures such as GST rationalisation and interest rate adjustments were cited as positive enablers for housing demand. In addition, factors such as low mortgage rates, rising household incomes and improving affordability are expected to continue supporting residential sales momentum.
During the December quarter, the company entered the Delhi-NCR market as part of its disciplined expansion strategy. With this move, Lodha Developers is now present across India's four largest residential markets—Mumbai, Pune, Bengaluru and Delhi-NCR—which together account for nearly 80% of the country's housing sales by value. The entry into NCR marks a strategic diversification beyond its traditional stronghold in the Mumbai Metropolitan Region.
Lodha Developers, headquartered in Mumbai, is among the country's leading real estate companies and has developed more than 100 million sq ft of real estate so far. The company continues to focus on scale-driven growth, execution discipline and expanding its footprint in high-demand urban housing markets.
Source - PTI
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