Synopsis:
The stock jumped 5% after signing a ₹30,000 crore MoU with Maharashtra for a 2 GW data centre park, creating 6,000 jobs. Strong Q1 results, robust project pipeline, and the ‘20:20’ action plan targeting growth, profitability, and sustainable infrastructure further reinforce long-term momentum and financial strength.
The shares of the prominent real estate developer rose up to 5 percent in today’s trading session after the company signed a Memorandum of Understanding with the Maharashtra government worth Rs 30,000 crore.
With a market capitalisation of Rs 1,17,229.86 crore, the shares of Lodha Developers Ltd were trading at Rs 1,174.20 per share, decreasing around 0.43 percent as compared to the previous closing price of Rs 1,179.25 apiece.
According to the exchange filing, Lodha Developers Ltd signed a Memorandum of Understanding with the Maharashtra government for setting up a data centre park in Palava. With a legacy of several decades in construction, Lodha will play the role of a developer for several players who are keen on setting up data centres.
Moreover, the MoU proposes a massive Rs 30,000 crore investment to develop a 2 GW capacity park, aimed at attracting top global and domestic players. The project is expected to generate around 6,000 direct and indirect jobs, with contributions from Lodha and multiple data center firms, reinforcing India’s digital infrastructure and economic growth ambitions.
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The Maharashtra government has identified integrated data centres as a key growth driver, fueled by rising demand from cloud, AI, and digital services. To support this, it launched the Green Integrated Data Centre Parks policy, ensuring sustainable power use. Three parks will be established in the MMR region, promoting eco-friendly infrastructure and industrial expansion.
The company delivered a strong Q1FY26 performance, with revenue rising 23 percent year-on-year to Rs 3,492 crore, driven by robust demand and execution. Net profit surged 42 percent to Rs 675 crore, reflecting improved margins and efficiency. These results highlight solid financial momentum and strengthened profitability, positioning the company well for sustained growth ahead.
The company remains on track to meet FY26 guidance across key metrics. Q1FY26 saw Rs 44.5 bn in pre-sales, with plans to achieve 40–45 percent in H1 and balance in H2. New project additions were strong at Rs 227 bn, close to the annual target, while net debt/equity stayed comfortable at 0.24x.
The ‘20:20’ action plan targets 20 percent CAGR in pre-sales, growing from Rs 176 bn in FY25 to Rs 500 bn by FY31, alongside a sixfold rise in annuity income to Rs 15 bn. With a net debt ceiling of 0.5x D/E, the plan aims for 20 percent RoE and strong embedded EBITDA margins.
Written by Abhishek Singh
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