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Lodha Developers share price & results

Lodha Developers Limited· Realty· Consumer Discretionary

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

Indian residential developer building luxury-to-mid homes, plus a rental & data-centre annuity business.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue4,997 ₹ crore+43.1% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin38.0 %+10.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit1,373 ₹ crore+103.4% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity18.99 %+1.7 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin4.25 %−3.7 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)26.04 %−12.6 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

5 of 8 judged targets kept · 21 open · verdicts reflect calls analysed to Q1 FY27.

Lodha Developers Limited management guidance track record on Inve: 29 targets tracked across analysed earnings calls (5 achieved, 3 missed, 21 open).

TargetOriginal wordingSaidLatest callVerdict
Annual Rental Income (existing assets)INR10 billion by fiscal '31
Call transcript, Q4 FY26 · 27 Apr 2026		Q4 FY26Q1 FY27:Not directly addressed; focus shifted to the larger INR 30 billion annuity income target including data centers.
Call transcript, Q1 FY27 · 27 Jul 2026		Ghosted
Palava-Airoli-Mulund Freeway OperationalOperational next quarter (Q3 FY26)
Call transcript, Q2 FY26 · 31 Oct 2025		Q2 FY26Q1 FY27:Timeline pushed again; freeway is physically ready but will now open post-monsoon.
Call transcript, Q1 FY27 · 27 Jul 2026		Delayed
FY26 Embedded EBITDA Margin~33%
Call transcript, Q4 FY25 · 25 Apr 2025		Q4 FY25Q4 FY26:Delivered 33% underlying development margin for the full year.
Call transcript, Q4 FY26 · 27 Apr 2026		Achieved

Source: Inve Guidance Tracker for Lodha Developers Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

3 of Lodha Developers Limited's 29 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 26 more targets are in the full ledger.

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Price

₹1,010.4 +3.10% · +₹30.4

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −13.9% 1Y

₹0.8k₹1.0k₹1.2kOct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 31 Oct 2025Q3 FY26 — 29 Jan 2026Q4 FY26 — 27 Apr 2026Q1 FY27 — 27 Jul 2026

1Y: ₹1,172.9 on 24 Oct 2025 → ₹1,010.4. High ₹1,316.35 (29 Jul 2026), low ₹677 (30 Mar 2026).

Previous close
₹980
Market cap
₹1.0L Cr
52-week range
₹677 – ₹1,316.35
One year
−14.15%
Price to earnings (TTM to Jun 2026)
24.43×
Return on equity (TTM to Jun 2026)
18.99%

Overview

Symbol
NSE:LODHA
Sector
Realty
Industry
Consumer Discretionary
Exchange
NSE
Currency
INR

What Lodha Developers Limited does

Based on the company's own presentations, annual report and earnings calls.

Lodha Developers (formerly Macrotech Developers) develops and sells residential real estate across the luxury, premium and mid-income segments in the Mumbai Metropolitan Region, Pune and Bengaluru, with entry into the National Capital Region from FY27. It also monetises land through a large land bank at its Palava and Upper Thane townships in the MMR, and is building a rental and data-centre annuity business — comprising retail, office and warehousing assets plus a shovel-ready data-centre park at Palava anchored by Amazon Web Services and ST Telemedia. Revenue is earned by selling housing developed on owned land and through joint-development arrangements with landowners, and by leasing completed commercial, retail, warehousing and data-centre space.

Segments

  • DevCo
  • RentCo
  • LandCo
Land bank
~3,900 acres at Palava & Upper Thane (MMR) — among the largest metro land holdings of any Indian developer
Operating locations
~40 locations across Mumbai Metropolitan Region, Pune, Bengaluru and NCR (entered FY27)
Market position
Under 3.5% share by value of primary housing sales across India's Top 6 cities (MMR, NCR, Bengaluru, Pune, Hyderabad, Chennai)
Data-centre land parcel
400 acres, shovel-ready at Palava with 3 GW power availability; anchored by AWS and ST Telemedia
Annuity (rental) portfolio
8.8 msf across retail, office, warehousing & industrial assets (3.8 msf completed)
Credit rating
AA (Stable) — 7 rating upgrades since 2021
Headquarters One Lodha Place, Senapati Bapat Marg, Lower Parel, Mumbai 400013, IndiaEmployees 5,414 (FY25) Company website

How the price took the results

close before → close after

Q1 FY27
+4.8%
27 Jul
Q4 FY26
+4.6%
27 Apr
Q3 FY26
+2.4%
29 Jan
Q2 FY26
+2.3%
31 Oct

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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