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Lodha Sees 25% Pre-Sales Surge Amid Collection Dip
6 Jan
Summary
- Lodha Developers reported a 25% increase in Q3 pre-sales.
- Collections decreased by 17% due to prior year's one-off transactions.
- Company anticipates stronger collections in upcoming quarters.
In the third quarter, Lodha Developers announced a substantial 25% surge in pre-sales, amounting to ₹5,620 crore. This growth was fueled by consistent sales in core markets, demonstrating resilience in residential housing demand despite economic uncertainties.
Despite the strong booking figures, the company's collections experienced a 17% decrease, falling to ₹3,560 crore. This dip is primarily due to a comparison against the prior year, which included significant one-off inflows from major land and office transactions that did not recur this quarter.
Looking ahead, Lodha Developers anticipates a strengthening of collections in subsequent quarters, projecting accelerated customer payments as project development progresses. The firm also highlighted sustained interest in current projects and a healthy pipeline of upcoming launches, positioning it for continued performance throughout the financial year.
