Lodha Developers Q1 FY27 Earnings Call Transcript Released
Lodha Developers reported strong Q1 FY27 results with revenue up 43% to ₹50 billion and PAT doubling to ₹13.7 billion. The company reaffirmed its FY27 PAT growth guidance of 20%. Net debt reduced by ₹4.5 billion to under ₹50 billion. Data center land monetization is progressing, with plans to generate significant sales.
The strong financial results, reduction in debt, and positive outlook on future growth drivers like data centers and land monetization are significant positive developments for the company and its stakeholders.
The company reported significant year-on-year growth in revenue, EBITDA, and PAT, exceeding previous performance benchmarks. Strategic initiatives in land monetization and data centers are progressing well, and net debt has been reduced, indicating strong financial health and positive future outlook.
Lodha Developers Limited (formerly Macrotech Developers Limited) has released the transcript of its Q1 FY27 Earnings Conference Call, which was held on July 27, 2026. The company reported significant year-on-year growth in its financial performance for the quarter. Revenue increased by 43% to ₹50 billion, and adjusted EBITDA grew by 79% to ₹21.5 billion, with a margin of 43%. Profit After Tax (PAT) more than doubled to ₹13.7 billion from ₹6.8 billion in Q1 FY26, achieving a PAT margin of 26.9%.
Abhishek Lodha, Managing Director, highlighted that land monetization is a planned recurring pillar of the business, with expectations to generate close to ₹10,000 crores from monetizing 150 acres of their data center park land over the next 3 to 4 years. Additionally, they anticipate INR 2,000 to ₹3,000 crores of land sales annually for several years from various land monetization efforts.
The company reaffirmed its fiscal '27 guidance of 20% PAT growth, targeting approximately ₹41 billion in PAT, with Q1 performance contributing 33% of this target. Operating cash flow for the quarter was ₹18.9 billion, leading to a reduction in net debt by ₹4.5 billion, bringing it under ₹50 billion. Net debt to equity now stands at approximately 0.2x.
Pre-sales for the quarter were ₹46.3 billion, a 4% year-on-year increase, which was deliberately impacted by postponing launches due to the Middle East conflict. New launches are set to commence from Q2 FY27. The company also noted the entry of Digital Edge India into their Green Data Center Park at Palava, with land transactions showing a significant value increase.
The company's annuity business, excluding data centers, had an exit run rate of approximately ₹3 billion in June, with a target of over ₹30 billion by fiscal '32. They are committed to achieving about 20% PAT growth over the medium term, aiming for over ₹85 billion by fiscal '31, and expect return on equity to move upwards towards 20%. The development business aims to be net debt-free within 2 to 3 years.
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