Synopsis:
Sri Lotus Developers & Realty reported weak Q1FY26 results, with sharp declines in revenue and profit, but management remains optimistic, citing multiple luxury project launches and strong cash reserves.
A residential and commercial properties developer is in the spotlight today after declaring financial results for Q1FY26. Check the article below to know about their performance and company’s future plans.
With a market capitalization of Rs. 8,877.18 crore, the shares of Sri Lotus Developers & Realty Ltd were trading at Rs. 181.86, down by 3.51 percent from its previous closing price of Rs. 188.47. The stock has reached a low of Rs. 175.20 in today’s trading session
Q1FY26 Results
Sri Lotus Developers and Realty Limited reported Rs. 61 crore in revenue for the first quarter of FY26, a 49.59 percent decrease over the Rs. 121 crore for the same period in FY25.
However, it also decreased by 67.89 percent as compared to Rs. 190 crore in Q4 FY25. The operating profit for Q1 FY26 stood at Rs. 29 crore, down by 73.39 percent from Rs. 109 crore in Q4 FY25, and down by 45.28 percent from Rs. 53 crore in Q1 FY25.
The consolidated net profit for the first quarter of FY26 was Rs. 26 crore, which was 69.77 percent lower than the Rs. 86 crore reported in the previous quarter and 35 percent lower year over year than the Rs. 40 crore in Q1 FY25. Profit decline was also reflected in earnings per share (EPS), which decreased to approximately Rs. 0.59 in Q1 FY26 from Rs. 1.97 in Q4 FY25.
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Other Updates
Sri Lotus Developers aims to launch three projects, The Arcadian in Juhu, Amalfi in Versova, and Varun in Bandra, by September 2025. The total saleable area is 2.2 lakh sq. ft., with an estimated GDV of Rs. 1,400-1,500 crore.
In FY26, it plans to launch three new projects: Lotus Aquaria in Prabhadevi, Lotus Celestial in Versova, and Lotus Trident in Andheri West, while also increasing sales from completed projects like Ananya, Ayana, and Arc One.
Throughout the year, the company launched four new projects: Lotus Portifino in Versova, Lotus Sky Plaza in Oshiwara, Lotus Avalon in Juhu, and Lotus Imperial in Bandra.
Management View
According to Chairman and Managing Director Anand K Pandit, Sri Lotus Developers & Realty Limited achieved a historic milestone with its stock market debut on August 6, 2025. The company reported a Q1 FY26 revenue of Rs. 61 crore and a profit of Rs. 26 crore.
He stated that the company plans to launch three luxury projects in Juhu, Versova, and Bandra by September 2025, with strong customer demand expected. The company is debt-free and has Rs. 905 crore in cash. It aims to achieve pre-sales of Rs. 1,100-1,300 crore in FY26, with revenue growth of up to 85 percent and profit growth of up to 35 percent.
About the company
Sri Lotus Developers and Realty Limited, founded in 2015 and headquartered in Mumbai, specializes in redevelopment projects in luxury and ultra-luxury housing, as well as commercial spaces in the city’s western suburbs.
As of June 30, 2025, it had a developable area of 0.93 million square feet and a portfolio of four completed, five ongoing, and eleven upcoming projects. It offers luxury flats priced between Rs. 3-7 crore, premium homes and penthouses over Rs. 7 crore, and commercial office spaces.
With a price range of Rs. 140 to Rs. 150 per equity share, Sri Lotus Developers and Realty Limited launched its initial public offering (IPO). The subscription period was open from July 30 to August 1, 2025.
On August 6, 2025, the company’s shares went public on the BSE and NSE platform, initially trading for Rs. 178 each. This indicated investor interest and represented a listing gain of 18.67 percent over the upper end of the issue price.
Written By Akshay Sanghavi
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