Lodha Developers Q2FY27 Revenue Up 18% to ₹44.7 Bn, PAT Jumps 28% to ₹10.1 Bn
Lodha Developers reported Q2FY27 revenue of ₹44.7 Bn, up 18% YoY, and PAT of ₹10.1 Bn, up 28% YoY. For 1HFY27, revenue grew 30% to ₹94.6 Bn, and PAT surged 63% to ₹23.9 Bn. Pre-sales reached ₹50.4 Bn in Q2FY27. Net debt is ₹52.8 Bn, with Net Debt/Equity at 0.21x.
The announcement details significant financial growth, improved profitability, and positive operational updates, which are material for investors. The company's outlook and strategic initiatives also warrant a high impact assessment.
The company reported strong year-on-year growth in revenue and profit for both the quarter and half-year, along with an improvement in PAT margins. Key financial metrics and operational highlights indicate a positive financial performance and outlook.
Lodha Developers Limited (formerly Macrotech Developers Limited) announced its unaudited financial results for the quarter and half-year ended September 30, 2026.
For the second quarter of FY2027, the company reported a revenue of ₹44.7 billion, marking an 18% year-on-year increase. Profit After Tax (PAT) for the quarter stood at ₹10.1 billion, a significant 28% rise compared to the same period last year. The PAT margin improved to 22.1% from 20.4% in Q2FY26.
For the first half of FY2027, revenue surged by 30% year-on-year to ₹94.6 billion. PAT for 1HFY27 more than doubled, increasing by 63% year-on-year to ₹23.9 billion, with the PAT margin expanding to 24.6% from 19.5% in 1HFY26. The company expects to easily exceed its PAT guidance for the full fiscal year.
Pre-sales for Q2FY27 were ₹50.4 billion, a 10% increase YoY, and ₹96.7 billion for 1HFY27, up 7% YoY. Annuity income, on an annualized basis, was ₹3.2 billion as of September 2026. Net debt stood at ₹52.8 billion, with the Net Debt to Equity ratio at 0.21x, well below the company's ceiling of 0.5x. The average cost of debt remained steady at 7.8%.
The company highlighted its strong brand presence, industry-leading ESG practices, and conservative leverage. Lodha Developers aims for a medium-term trajectory of 20% PAT CAGR with a focus on profitability and growth. The presentation also detailed the company's extensive land bank, diversified portfolio across luxury, premium, and mid-income segments, and its strategic focus on developing annuity income streams from data centers, retail, office, and warehousing.
Lodha Developers is expanding its presence in NCR with two projects signed through JDA in Gurgaon, expecting to start operations in FY27. The company is also focused on the growth potential of Palava and Upper Thane, expecting over ₹10 trillion in sales over the next three decades with approximately 50% EBITDA margins, driven by significant infrastructure upgrades in the region.
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