• Type of Event: Q2 FY27 Earnings Conference Call and Analyst/Investor Meet.
  • Date and Time: The call was held on November 2, 2026. The specific time was not mentioned in the transcript.
  • Purpose: To discuss the company's financial and operational performance for the second quarter and first half of Fiscal Year 2027 (Q2 & H1 FY27).
  • Management Participants: The call featured Mr. Abhishek Lodha (Managing Director), Mr. Sushil Kumar Modi (Whole-time Director, Group Finance Director), Mr. Sanjay Chauhan (Chief Financial Officer), Mr. Rajendra Joshi (Regional Chief Executive Officer, Bangalore), Mr. Anand Kumar (Head of Investor Relations), and Mr. Chintan Parikh (Co-Head of Investor Relations).
  • Availability of Materials: The full transcript of the earnings call is hosted on the company's website at www.lodhagroup.com/investor-relations/financials.
  • UPSI Statement: The document is a compliance filing for the transcript; it does not contain a specific statement regarding UPSI within the provided text.

Financial & Operational Highlights Discussed

  • Financial Period Discussed: Q2 FY27 and H1 FY27 (First Half of Fiscal Year 2027).
  • H1 FY27 Financial Performance: The company reported its strongest first half in history.
  • Profit After Tax (PAT): INR 2,386 crores, up 63% year-on-year (YoY).
  • Revenue: INR 9,460 crores, up 30% YoY.
  • Pre-sales: INR 96 billion (INR 9,600 crores), up 7% YoY.
  • Net Debt: Reduced to ~INR 52 billion (INR 5,200 crores), at 0.2x equity.
  • Collections: INR 76 billion, up 19% YoY.
  • Operating Cash Flow: INR 27 billion for H1.
  • Q2 FY27 Specifics: Q2 collections were INR 35 billion. The quarter's profitability (EBITDA and PAT) was described as a reflection of the underlying development business strength as it contained no land sales.
  • Full-Year Guidance: The company expects to "easily beat" its profit guidance of 20% growth (which would have resulted in PAT just over INR 4,000 crores). The pre-sales guidance of INR 24,000 crores for FY27 is maintained. This is expected to comprise ~INR 6,000-7,000 crores of development company pre-sales in both Q3 and Q4, plus one data center land transaction of ~INR 1,500 crores in Q4.
  • Medium-Term Outlook: The underlying profitability of the business is improving, which is expected to support better Return on Equity (ROE) and aid the development company (DevCo) in becoming net debt-free in the next 2-3 years.
  • Operational Updates:
  • Bangalore: A new launch, Lodha Beaumont Estate, achieved sales of over INR 1,800 crores in Q2 and over INR 1,500 crores in its first three months. The company aims to achieve over INR 3,000 crores in pre-sales from Bangalore in FY27.
  • Gurugram (NCR): The company has entered this market and started pre-sales for its first project, with initial response described as "constructive."
  • Infrastructure: The Mulund-Airoli-Palava Freeway is clinically complete and expected to open in the coming weeks, significantly improving connectivity to Palava. A significant uptick in Palava pre-sales is expected in Calendar Year 2027 due to this.
  • Data Centers: Progress is ongoing. Definitive documents for the first Build-to-Suit (BTS) box are expected to be executed in FY27, with construction starting this fiscal year and rental earnings commencing in FY29. Land sales are expected to be a recurring event, with one transaction of ~INR 1,500 crores anticipated in Q4 FY27 and roughly one transaction every six months thereafter. The available power capacity at the data center park has been upgraded from 3 GW to 5 GW based on received approvals.
  • Market Commentary: Management addressed several topics, stating that demand in their segments (INR 1-5 crore and above) remains robust and is largely insulated from recent interest rate hikes. They see no oversupply issue for Grade A+ and A developers and believe AI-driven changes could be a net positive for demand in their target segments.

Additional Notes Section

  • Attachment: The document intimated the enclosing of the Earnings Conference Call transcript.
  • Financial Data: Significant financial data and forward-looking guidance were disclosed and discussed during the call, as detailed in the summary above.
  • Compliance: The submission is made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.