Lodha Developers Q4FY26: Transcript of Earnings Call Released, Highlights Growth
Lodha Developers released its Q4 FY26 earnings call transcript. The company achieved ₹205 billion in presales for FY26, a 16% increase, with Q4 presales at ₹58.9 billion. PAT grew 24% to ₹34.3 billion, and net debt to equity is now 0.23x. For FY27, presales are projected at ₹240 billion with an EBITDA margin of 32-34%. The medium-term PAT growth target is 20% CAGR.
The announcement details significant financial achievements, strategic growth initiatives including market expansion and new business verticals like data centers, and positive future guidance. These factors are highly material to investors and the company's valuation.
The company reported strong financial performance with significant growth in presales, PAT, and collections. They also highlighted a substantial reduction in net debt and provided positive guidance for the upcoming fiscal year and medium-term growth, indicating a healthy financial outlook.
Lodha Developers Limited (formerly Macrotech Developers Limited) has released the transcript of its Q4 FY26 Earnings Conference Call, which was held on April 27, 2026. The company reported strong operational performance in FY26 despite macro challenges, with presales reaching ₹205 billion, a 16% year-on-year increase. Q4 FY26 was the strongest quarter in history with ₹58.9 billion in presales, up 23% year-on-year.
Collections grew 5% for the year, and operating cash flow was approximately ₹71 billion. Financial revenue grew 21%, adjusted EBITDA grew 14%, and PAT grew 24%, with PAT margin touching 20% for the first time. The company highlighted a significant reduction in net debt, which now stands at 0.23x equity, down from 3.5x at IPO. The available Gross Development Value (GDV) for sale as of April 1, 2026, is approximately ₹2 trillion.
Key strategic initiatives included entry into the NCR market with two land acquisitions in Gurgaon, and significant development in Palava, including infrastructure upgrades like the Navi Mumbai International Airport and the Mulund-Airoli-Palava freeway. The company is also focusing on data center development, with plans for 1 gigawatt of powered shell capacity on 100 acres of land at Palava. Annuity income from retail, offices, and warehousing touched ₹3 billion in FY26, with a target to reach ₹10 billion by FY31.
For FY27, Lodha Developers is guiding for presales of approximately ₹240 billion with an embedded EBITDA margin of 32% to 34%. The medium-term goal is a 20% CAGR in PAT, aiming to reach over ₹85 billion by FY31. The company emphasized that real estate demand is driven by future confidence in earning capability, job security, and economic growth, and they are not seeing direct linkages with stock market fluctuations.
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Lodha Developers Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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