Financial Performance Summary

Q2 FY27 Performance (Quarter ended September 30, 2026)

  • Profit After Tax (PAT): ₹1,013 crores, showing 28% year-over-year growth
  • Revenue: ₹4,468 crores, showing 18% year-over-year growth
  • PAT Margins: 22.1%
  • Pre-sales: ₹5,037 crores, growing 10% year-over-year

H1 FY27 Performance (Half year ended September 30, 2026)

  • Profit After Tax (PAT): ₹2,386 crores, growing 63% year-over-year
  • Pre-sales: Over 40% of full-year guidance achieved

Balance Sheet and Debt Metrics

  • Net Debt: ₹5,279 crores as of September 30, 2026
  • Net Debt/Equity Ratio: 0.2x, well below the ceiling of 0.5x
  • Exit Cost of Debt: 7.8% for Q2 FY27, described as among the lowest in the industry

Operational and Strategic Updates

Market Expansion

  • Bengaluru expansion continues with successful launch in North Bengaluru during the quarter
  • NCR pilot progressing well with launch planned during festive season
  • Further launches planned across new locations during festive season

RentCo Business and Data Center Strategy

  • RentCo business positioned for exponential growth through participation in AI infrastructure build-out
  • Self-funded data center annuity strategy to enter execution mode over next 6 months
  • Projected 10x growth in annuity income from ₹300 crore (FY26) to ₹3,000 crore (FY32)

Management Commentary

Mr. Abhishek Lodha, Managing Director, commented:

  • Strong operating and financial performance building on momentum since IPO in 2021
  • Expects to easily exceed full-year profit guidance based on strong H1 performance
  • H1 pre-sales performance in line with guidance at start of year
  • Bengaluru response reaffirms robust demand for quality brand and allays concerns about AI-led disruption beyond affordable housing
  • Concerns about continuing conflict in Middle East and tracking geopolitical and macroeconomic implications
  • Recent rise in interest rates unlikely to have direct impact on housing demand for served segments, but watching second order impacts

Recognition and Awards

  • Newsweek recognition in list of 'World's Most Trustworthy Companies' for 2025 and 2026
  • Only real estate company from India on this list

Corporate Social Responsibility Initiatives

  • Lodha Foundation initiatives under 'Philanthropy of Excellence' program
  • Lodha Mathematical Sciences Institute hosted over 55 researchers this quarter, with more than 90 researchers from 15 countries expected over the semester
  • Lodha Genius program: six students secured second place at ETEAM 2026 in Switzerland, three gained research experience at University of California
  • Unnati program: over 6,000 individuals enrolled for health insurance, over 3,200 households received need-based support

Sustainability Initiatives

  • 'Building Cooler Cities in a Warming World' report with RMI India Foundation found better surfaces, greenery and planning could lower Delhi's surface temperatures by up to 3.2°C
  • Report with Build Ahead found recycled aluminum could reduce emission intensity significantly, highlighting importance of pre-construction decisions

Company Background

  • Over four decades in real estate development
  • Presence across MMR, Pune, Bengaluru, and NCR
  • Headquarters in Mumbai
  • Philosophy of "Do Good, Do Well" reflecting belief that business success goes hand in hand with responsibility toward society and environment