Lodha Developers Achieves 7% YoY Growth in Q2FY26 Pre-sales, Adds INR 23bn Project

Lodha Developers Ltd. has reported key operational updates for Q2FY26. The company achieved pre-sales of INR 45.7bn, showing a 7% year-over-year (YoY) growth. Despite limited launches in the quarter, the company is on track to meet its FY26 pre-sales guidance of INR 210 bn, thanks to the green lighting of the Environmental Clearance (EC) process in late August. Collections for Q2FY26 were INR 34.8bn, indicating a 13% YoY growth. In terms of business development, the company added one project with a GDV of INR 23bn in MMR, surpassing its full-year guidance of INR 250bn in H1 itself. The company's net debt stood at INR 53.7bn, well below its ceiling of 0.5x Net debt/Equity. The aforementioned numbers are provisional and subject to limited review.