Lodha Developers profit rises 28% YoY to Rs 1,013 crore in Sept quarter
Lodha has announced a remarkable 63% surge in net profit, reaching ₹2,386 crore for the first half of FY27. This growth is driven by impressive operational performance, with net profit for the September quarter rising by 28% to ₹1,013 crore and revenue climbing 18% to ₹4,468 crore. The company’s pre-sales also saw a 10% increase to ₹5,037 crore, alongside plans for expansion in NCR and Bengaluru.
Real estate firm Lodha Developers announced a 28% rise in net profit for the September quarter, reaching ₹1,013 crore, up from the previous year. The company's revenue also increased by 18% to ₹4,468 crore, with a net profit margin of 22.1%. Pre-sales grew 10% to ₹5,037 crore, accounting for 40% of the firm's full-year target of ₹24,000 crore.
Lodha Developers MD Abhishek Lodha attributed the strong performance to sustained momentum since the company's IPO in 2021. The company expects to surpass its annual profit forecast, driven by robust performance in the first half of the fiscal year and plans to expand into new markets. Lodha Developers is set to launch projects in Bangalore and the NCR region during the festive season, aiming to capitalize on continued demand for established realty brands despite potential disruptions in the housing sector.
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