Lodha Developers Profit Skyrockets 103% in Q1 FY27

Lodha Developers reported a record-breaking first quarter for FY27, announcing a consolidated net profit of Rs 1,372.1 crore. This represents a significant year-over-year increase of 103.36% compared to the same period in FY26.

Revenue from operations also saw substantial growth, climbing 43.1% to Rs 4,996.7 crore in Q1 FY27. This performance was attributed to strong execution and consistent demand across the company's residential projects.

Financially, Lodha Developers continued to bolster its balance sheet. Net debt decreased by Rs 446 crore during the quarter, settling at Rs 4,931 crore. The company maintained a healthy net debt-to-equity ratio of 0.2x, well within its internal benchmark.

The company is confident in its long-term growth prospects, projecting a 20% CAGR in profit over the long term, supported by structural housing demand and market consolidation. Lodha also announced a land sale in Navi Mumbai for its Green Data Center Park, further diversifying its annuity business.

Lodha Developers, formerly Macrotech Developers, is focused on real estate development and is expanding its annuity income streams, including data centers, warehousing, and retail spaces.