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Realty major Lodha Developers Ltd reported a 15 per cent rise in net debt during the October-December quarter of FY26, driven by aggressive land acquisitions to fuel future growth. The company's net debt increased to INR 6,170 crore at the end of the third quarter from INR 5,370 crore in September 2025. Despite the increase, Lodha said its leverage remains comfortably within internal thresholds, with net debt well below its ceiling of 0.5x net debt-to-equity. During the quarter, the Mumbai-based developer acquired five land parcels across the Mumbai Metropolitan Region, Delhi-NCR and Bengaluru, with a combined revenue potential of INR 33,800 crore. The expansion underscores Lodha's strategy to strengthen its project pipeline across key housing markets.
Lodha Developers Ltd has reported a 15 per cent increase in net debt during the October-December quarter of the 2025-26 fiscal, reflecting higher investments in land acquisition to support business expansion. Advertisement
In its operational update, the company said its net debt rose to INR 6,170 crore at the end of the third quarter, compared with INR 5,370 crore as on September 30, 2025.
Despite the significant investment in business development in the first nine months of this fiscal, our net debt stood at INR 61.7 billion, well below our ceiling of 0.5x net debt-to-equity, the company said.
During the December quarter, Lodha Developers acquired five land parcels across the Mumbai Metropolitan Region, Delhi-NCR and Bengaluru. These acquisitions were made through a mix of outright purchases and partnerships with landowners to build a robust pipeline of future projects.
The company plans to develop primarily residential projects on these parcels, with an estimated total revenue potential of INR 33,800 crore.
Last month, Lodha partnered with MRG Group to develop two projects in Gurugram, marking its entry into the Delhi-NCR housing and commercial real estate market. The developer already has a strong presence in the residential markets of MMR, Pune and Bengaluru and is also developing a warehousing project.
In the last fiscal year, Lodha's sales bookings rose to INR 17,630 crore from INR 14,520 crore in the previous year. For the current financial year, the company has set a sales bookings target of INR 21,000 crore.
Since inception, Lodha Developers has delivered around 110 million square feet of real estate and is developing more than 130 million square feet across its ongoing and planned portfolio.
Source - PTI
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