Macrotech Developers Ltd

Lodha Developers reported its best-ever quarterly post-tax profit of ₹1,373 crores for Q1FY27, a 2x increase year-over-year. Revenues surged by 43% to ₹4,997 crores, driven by strong operating cash flows which also led to a reduction in net debt by ₹446 crores to ₹4,931 crores. Pre-sales stood at ₹4,629 crores and collections grew 46% YoY to ₹4,205 crores. The company is confident in achieving a 20% CAGR profit growth over the long term, supported by strong housing demand and market consolidation. Lodha also highlighted a significant land sale in its Green Data Center Park at Navi Mumbai for over ₹42 crores per acre and anticipates its annuity business income to grow over 10x in six years. The company's Net debt/Equity ratio is 0.2x, well within its target.

Lodha Developers (formerly Macrotech) delivered its best-ever quarter, with consolidated PAT more than doubling YoY to ₹1,373.1 Cr (₹1,372.1 Cr to owners) from ₹675.1 Cr, on revenue from operations of ₹4,996.7 Cr, up 43.1% YoY. Sequentially, profit rose 36% and revenue 6% over Q4 FY26's ₹1,008 Cr / ₹4,713 Cr. The print blew past the street: the Bloomberg consensus PAT was ~₹907 Cr, so actual profit beat by roughly 51%. Crucially, there are no exceptional items on either side of the comparison — the doubling is entirely underlying, driven by higher revenue recognition and collections rather than any one-off. The story is as much margin as topline. Net profit margin (PAT/total income) expanded to ~26.9% from ~20.8% a year ago, and EPS doubled to ₹13.73 from ₹6.76. Operating leverage is visible: total expenses grew ~22% against 43% revenue growth, and the cost-of-projects line rose only ~21% YoY, widening the gross spread as higher-margin completed inventory was recognised. Standalone (secondary) told a directionally identical story — PAT ₹1,049.5 Cr on revenue ₹4,377.9 Cr (+31% YoY) — with no material divergence in the growth narrative, so readers seeing the standalone number elsewhere should not treat either as wrong. Against guidance, the quarter is a strong start: management's FY27 PAT guide is ~₹4,100 Cr, and Q1 already banks ₹1,373 Cr (~33%), ahead of a proportionate run-rate for a business whose deliveries typically skew to H2. This aligns with the strategic pivot management flagged last quarter — shifting the primary focus to profitability (20% PAT CAGR to >₹8,500 Cr by FY31), supported by lower business-development capex and rising free cash flow. Balance-sheet discipline held: consolidated net debt/equity eased to 0.20 from 0.25 a year ago. Management framed it as "our best-ever quarterly profit… profits more than doubled YoY," and the numbers corroborate that claim without embellishment. The FY27 presales target of ₹240 bn (17% growth, 32-34% embedded EBITDA margin) is an operational metric not captured in this P&L and remains the key thing to verify in coming quarters — as does whether the H2-weighted delivery schedule sustains the annual PAT run-rate.

Lodha Developers Limited announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors approved the consolidated and standalone financial statements. The results were prepared in accordance with Indian Accounting Standard 34 'Interim Financial Reporting' and other recognized accounting principles. The company also uploaded the results on its website. The review was conducted by MSKA & Associates LLP.

Lodha Developers Ltd has announced that its Board of Directors will convene on July 24, 2026. The primary agenda for this meeting is to consider and approve the un-audited financial results for the quarter ended June 30, 2026. These results will be presented on both a consolidated and standalone basis. The company has made this intimation in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the information is also available on their corporate website.

Lodha Developers Ltd has filed its 5th Integrated Report along with the Notice of its 31st Annual General Meeting (AGM) for the financial year ended March 31, 2026. The report, compliant with SEBI Listing Regulations, covers financial performance, sustainability disclosures (GRI, UN SDGs, TCFD, BRSR), corporate governance, and statutory reports. It details the company's business model, strategy, risks, and opportunities, encompassing both financial and non-financial aspects across six capitals. The report has undergone independent assurance for sustainability disclosures by DNV Business Assurance India Private Limited and financial audits by MSKA & Associates LLP. The AGM notice and integrated report are also available on the company's investor relations website.

Lodha Developers Ltd has submitted its Business Responsibility and Sustainability Reporting (BRSR) for the financial year 2025-26, as mandated by SEBI regulations. The report, which forms part of the company's 5th Integrated Report, details its corporate identity, operational structure, employee data, and market presence. The company has obtained reasonable assurance for BRSR core indicators and limited assurance for other indicators from DNV Business Assurance India Private Limited. The reporting is done on a consolidated basis for the company and its subsidiaries.

Lodha Developers Ltd has announced the details for its 31st Annual General Meeting (AGM), scheduled for August 14, 2026, at 3:30 p.m. IST, to be conducted via Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The company will present its Audited Standalone and Consolidated Financial Statements for the fiscal year ended March 31, 2026. A final dividend of ₹4.25 per equity share is proposed. Key resolutions include the re-appointment of Mr. Shaishav Dharia and the appointment of M/s. Walker Chandiok & Co LLP as Statutory Auditors for a five-year term. The cut-off date for determining eligibility for voting and dividend payment is August 7, 2026. Remote e-voting will be open from August 11 to August 13, 2026.

Lodha Developers Ltd announced a strategic shift in its reporting metrics, moving from pre-sales and operating performance to audited Revenues and PAT as the primary measures of business health. This change, effective from the upcoming quarterly results, aims to enhance transparency for stakeholders. The company will no longer issue separate operating performance pre-releases. Performance for the past quarter has been in line with guidance. This move aligns with their stated commitment to transparency since their listing in April 2021, building on previous initiatives like providing proforma profitability.

Lodha Developers Ltd has issued a clarification regarding a news item published in The Economic Times about the sale of 30 acres of land in Palava to Digital Edge for a data center. The company stated that land purchase or development is routine for its real estate business, and the transaction in question is one such ordinary course of business activity. This clarification aims to address any potential market speculation arising from the media report.

Lodha Developers Ltd announced that its Board of Directors has fixed August 7, 2026, as the record date for determining shareholder eligibility for the dividend for the financial year ended March 31, 2026. This dividend, if approved by shareholders at the upcoming 31st Annual General Meeting (AGM) scheduled for August 14, 2026, will be paid within 30 days of declaration. The AGM will be conducted via Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The Board meeting where these decisions were made commenced at 4:00 p.m. and concluded at 5:30 p.m. on June 30, 2026.