Lodha Developers Q4FY26 Pre-sales at ₹58.9bn, up 23% YoY; FY26 sales ₹205.3bn.
Lodha Developers reported record Q4FY26 pre-sales of ₹58.9bn (+23% YoY) and FY26 pre-sales of ₹205.3bn (+16% YoY). Q4FY26 collections were ₹52.3bn (+18% YoY) and FY26 collections were ₹151.6bn (+5% YoY). Net debt reduced by ₹8.0bn to ₹53.7bn in Q4FY26.
The announcement provides key operational and financial metrics for the quarter and full year, including sales, collections, and debt reduction, which are important for investors to assess the company's performance and financial health.
The company has reported strong year-on-year growth in pre-sales and collections, along with a reduction in net debt, indicating positive operational and financial performance.
Lodha Developers Limited (formerly Macrotech Developers Limited) has announced key operational updates for the fourth quarter and full fiscal year ended March 31, 2026 (Q4FY26 and FY26).
In Q4FY26, the company achieved its best-ever quarterly pre-sales, amounting to ₹58.9 billion, representing a 23% year-on-year (YoY) increase. For the full fiscal year FY26, pre-sales reached ₹205.3 billion, a 16% YoY growth. The company noted that pre-sales in March were impacted by the Iran war, resulting in sales being ₹4.7 billion below guidance.
Collections for Q4FY26 were ₹52.3 billion, an 18% YoY increase, showing a significant pickup from the previous quarter as construction activity accelerated. FY26 collections stood at ₹151.6 billion, a 5% YoY growth.
In terms of business development, Lodha added one project in the Mumbai Metropolitan Region (MMR) with a Gross Development Value (GDV) of ₹13 billion in Q4FY26. Across FY26, twelve projects were added in MMR, Pune, Bengaluru, and NCR, with a combined GDV of approximately ₹600 billion, which is 2.4 times the annual guidance. As of April 1, 2026, the company has GDV of approximately ₹2 trillion available for sale, excluding land banks in townships not planned for use in the next five years. Consequently, the company anticipates reducing business development investments over the next 24 months, leading to increased free cash flow.
The company's net debt reduced by ₹8.0 billion to ₹53.7 billion during Q4FY26, driven by strong collections. Despite substantial investments in business development during FY26, the Net debt to Equity ratio stands at 0.23x, well below the company's ceiling of 0.5x.
The aforementioned figures are provisional and subject to a limited review.
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