Lodha Developers Q2 FY27: revenue up 17.6% to ₹4,467 Cr, net profit up 28.4% to ₹1,013 Cr
Results · Finvezto · 2 Nov 2026 · Lodha Developers (LODHA)
Results Q2 FY27, ₹ Cr
| Q2 FY27 | ₹ Cr | QoQ | YoY |
|---|---|---|---|
| Revenue | 4,467 | - | +17.6% |
| Operating profit | 1,488 | - | +34.2% |
| Net profit | 1,013 | - | +28.4% |
| Operating margin | 33.3% | - | +4.1 pp |
| Net margin | 22.7% | - | +1.9 pp |
YoY is the company's own figure. QoQ shows where our quarterly series matches the filing.
Key points
- Lodha Developers reported its strongest first half in history for H1 FY27, with net profit after tax rising 63% to INR 2,386 crores, revenue increasing 30% to INR 9,460 crores, and pre-sales growing 7% to INR 96 billion. Earnings call
- Management expects to comfortably beat its FY27 profit growth guidance of 20% and reiterated full-year pre-sales guidance of around INR 24,000 crores, backed by planned launches of nearly INR 20,000 crores in H2 FY27. Earnings call
- The company achieved over INR 1,800 crores of pre-sales in Bangalore during Q2 FY27, driven by strong response to Lodha Beaumont Estate, and expects Bangalore pre-sales to cross INR 3,000 crores in FY27. Earnings call
What to watch
- Management on profit growth guidance: Having said that, we expect to easily beat our profit guidance of 20% growth which would have taken us to just over INR 4,000 crores.
- Management on devco net debt-free timeline: And therefore, will support an improvement in our return on equity further and will also aid our DevCo to become net debt-free over the next 2 to 3 years, which is in line with our previous guidance.
Links
Company page · Results tracker
Anand Ganapathy K | SEBI Registered Research Analyst | INH000016630.