This realty stock was in the spotlight today as the company declared its Q2 results with 87 percent growth in its profit along with 44 percent growth in its Revenue.
The shares of this company, which is engaged in the business of real estate development and is among the largest real estate developers in terms of presales and development pipeline in India , were in the spotlight following the company’s announcement of Q2 results with growth in its performance metrics.
With a market cap of Rs 1,19,570 crore, the shares of Lodha Developers Ltd gave a closing at Rs 1,197.5 and gained around 3.6 percent hitting a high of Rs 1214.50 when compared to its previous day closing price of Rs 1172.10. The shares are trading at 22 percent discount from its 52 week high of Rs 1,534 and are having a PE of 36 which is less than its median PE of 48.8.
Q2 FY26 Result highlights.
The Revenue from operations for the company stood at Rs 3,798 crore when compared to Rs 2,625 crore in Q2 FY25, growing by about 44 percent YoY and on QoQ increasing by 9 percent from Rs 3,491 crore in Q1 FY26.
The profit after tax grew by about 87 percent YoY when you compare the Q2 FY26 at Rs 790 crore to Rs 423 crore in Q2 FY25, and on QoQ basis has increased 17 percent from Rs 675 crore in Q1 FY26.
The Full-year Business Development goal of Rs. 250 bn GDV was achieved in H1, with the addition of 1 new project with GDV of IRs. 23 bn in Q2FY26. It generated Pre-sales of Rs. 45.7 bn (+7 percent YoY) and Collections of Rs. 34.8 bn (+13 percent YoY).
Outlook
The company has plans for significant launches in H2 across cities, on track to meet their FY26 guidance of Rs 21,000 crore, as well as to achieve expected Q3 pre-sales of Rs 6,000 crores. The operating cashflow guidance is at Rs 7,700 crore, whereas the GDV of new projects might cross Rs 25,000 crores. The debt-to-equity ratio will be at 0.5 times.
Established in the 1980s, Lodha Developers is among India’s largest real estate developers with over 85 million square feet (msf) of developed properties, mostly within the Mumbai Metropolitan Region (MMR). MDL has about 40 operating projects across luxury, premium, mid-income, and affordable segments.
Written by Leon Mendonca.
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