Type of Event: The document is the transcript of the Q1 FY27 Earnings Conference Call held on July 27, 2026. It was an earnings call for discussion of quarterly results and a strategic update.
Date and Time: The conference call was held on July 27, 2026. A specific time was not mentioned in the provided transcript text.
Purpose: The stated purpose was to discuss the company's Q1 FY27 financial and operational performance, provide strategic updates, and answer analyst questions.
Management Participants: The following management participants were listed:
Mr. Abhishek Lodha: Managing Director
Mr. Prashant Bindal: Chief Executive Officer, Lodha Residences
Mr. Sushil Kumar Modi: Whole-time Director, Group Finance Director
Mr. Sanjay Chauhan: Chief Financial Officer
Mr. Anand Kumar: Head of Investor Relations
Mr. Chintan Parikh: Co-Head of Investor Relations
Availability of Materials: The transcript of the call was enclosed with the regulatory filing and is also available on the company's website at www.lodhagroup.com under the Investor Relations section.
UPSI Statement: The document itself is a compliance filing and transcript; it does not contain an explicit statement that no Unpublished Price Sensitive Information (UPSI) was shared.
Financial & Operational Highlights from the Call
Financial Period Discussed: Q1 FY27 (Quarter ending June 2026).
Key Financial Figures Disclosed:
Revenue: INR 50 billion, up 43% YoY.
Adjusted EBITDA: INR 21.5 billion, up 79% YoY. EBITDA margin at 43% vs. 34.4% in Q1 FY26.
Profit After Tax (PAT): INR 13.7 billion, more than double the INR 6.8 billion in Q1 FY26. PAT margin at 26.9% vs. 18.6%.
Collections: INR 42.1 billion, up 46% YoY.
Operating Cash Flow: INR 18.9 billion.
Net Debt: Reduced by INR 4.5 billion to under INR 50 billion. Net Debt to Equity at ~0.2x.
Net Worth: Just under INR 250 billion.
Average Cost of Debt: Stable at 7.8%.
Pre-sales: INR 46.3 billion, up 4% YoY.
Guidance & Outlook:
FY27 PAT Guidance: Reaffirmed target of ~INR 41 billion, implying 20% growth over FY26 PAT of INR 34.3 billion. Q1 delivered 33% of this full-year target.
FY27 Pre-sales Guidance: Reaffirmed target of INR 240 billion. H1 is expected to contribute 40-42% of this total.
Q2 Pre-sales Outlook: Expected to be INR 50 billion or more.
Medium-term Target: PAT beyond INR 85 billion by FY31.
Strategic Themes & Business Updates:
Residential Business: Pre-sales were below trend line due to a deliberate decision to postpone launches (which typically contribute ~1/3 of sales) out of Q1 because of the assumed persistence of the Middle East conflict. Launches have commenced in Q2. The company is confident in delivering its full-year guidance.
Impact of Middle East Conflict: Management provided an updated assessment. Middle East NRI buyers represent ~4-5% of total sales. Sentiment remains subdued, but the overall impact is assessed as moderate. If the situation persists for a full year, it could lead to a 1-1.5% rise in project construction cost and a 35-75 bps impact on project-level EBITDA.
Land Monetization (Data Centers & LandCo): Described as a "planned recurring pillar" of the business, expected to generate INR 2,000-3,000 crores of sales annually.
Data Center Park: The company holds ~660 acres in its Green Data Center Park at Palava with 3 GW of power availability.
Recent Transaction: Digital Edge India (JV between Digital Edge Singapore and NIIF) entered the park at a transaction value of ~INR 420 million per acre, nearly double the value from calendar 2025 (INR 210 million/acre).
Monetization Plan: ~130 acres have been monetized so far. A further ~150 acres are intended to be monetized over the next 3-4 years at an average of ~INR 600 million/acre, generating ~INR 90 billion in sales. This will fund the build-out of ~1 GW of powered shell.
Rental Income Target: The powered shell build-out is expected to generate over INR 20 billion of annual rental income by FY32.
Rental Business (RentCo): The exit run rate for June was ~INR 3 billion (excluding data centers). The target is over INR 30 billion by FY32 (~INR 20bn from data centers, ~INR 6bn from retail/office, ~INR 4bn from warehousing/industrial).
Capital Allocation: The hierarchy is: 1) Fund opportunities (20% ROCE in DevCo, 15% in RentCo), 2) Regular dividend (15-20% of PAT), 3) Debt reduction, 4) Surplus for buyback/special dividends. The goal is for the DevCo to be net debt-free within 2-3 years.
Additional Notes Section
Attachment: The regulatory filing enclosed the transcript of the earnings conference call.
Financial Data: Significant financial data was disclosed and discussed during the call, as detailed in the summary above.
