Lodha Developers Limited - Q1FY26 Operational Updates

Lodha Developers Limited (Formerly Known as Macrotech Developers Limited) has announced key operational updates for Q1FY26:

a) Pre-sales: We achieved pre-sales of INR 44.5bn in Q1FY26, showing 10% YoY growth. This was despite the impact of geopolitical tensions in the first half of the quarter which resulted in 'loss' of activity for ~2 weeks, which we expect to make up over the course of the rest of the FY. With further strengthening of our launch pipeline for the current FY on the back of significant business development achieved during the quarter, we remain on track to achieve FY26 presales guidance of INR 210bn.

b) Collections: Collections were INR 28.8bn for Q1FY26 showing a growth of 7% YoY. The collections were in line with business plan and we expect collections to be significantly higher in H2 compared to H1.

c) Business development: In Q1FY26, we added five new projects across MMR, Pune and Bengaluru with GDV of INR 227bn, which is >90% of full year guidance of INR 250bn showcasing robust pipeline.

d) Net debt: Despite the significant investment in business development, our net debt stood at INR 50.8bn, well below our ceiling of 0.5x Net debt/Equity.

Shares of Macrotech Developers Limited was last trading in BSE at Rs. 1377.50 as compared to the previous close of Rs. 1367.35. The total number of shares traded during the day was 8581 in over 695 trades.

The stock hit an intraday high of Rs. 1383.30 and intraday low of 1359.50. The net turnover during the day was Rs. 11802683.00.

Source : Equity Bulls

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LodhaDevelopers INE670K01029 Realty Q1FY26 OperationalUpdates