Lodha Developers quarterly results and financials

Lodha Developers (LODHA)₹1,195+1.80%(9 Nov 2026 close)Residential, Commercial Projects

Key facts

In the Sep 2026 quarter (consolidated), Lodha Developers reported sales of ₹4,463 Cr, up 17.7% from Sep 2025, and net profit of ₹1,013 Cr, up 28.5% year on year. For the year to Mar 2026, sales were ₹16,662 Cr and net profit ₹3,423 Cr.

Sales (Sep 2026): ₹4,463 Cr
Net profit (Sep 2026): ₹1,013 Cr
Sales (FY Mar 2026): ₹16,662 Cr
Net profit (FY Mar 2026): ₹3,423 Cr
EPS (Sep 2026): ₹10.16
Borrowings (Mar 2026): ₹9,885 Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

Lodha Developers quarterly results

₹ crore unless stated; each column is a quarter.

Lodha Developers Quarterly results
	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	2,928	4,009	2,844	2,623	4,076	4,215	3,488	3,792	4,664	4,710	4,991	4,463
Expenses	2,062	2,981	2,095	1,928	2,787	3,015	2,517	2,699	3,269	3,311	3,086	2,989
Operating Profit	875	1,044	755	702	1,303	1,217	982	1,106	1,411	1,410	1,919	1,484
OPM %	30.0%	26.0%	27.0%	27.0%	32.0%	29.0%	28.0%	29.0%	30.0%	30.0%	38.0%	33.0%
Other Income	−76.93	64.99	71.96	58.99	63.95	196	133	79.99	110	129	102	122
Interest	117	116	117	136	144	152	148	156	185	167	179	185
Depreciation	33.08	117	60.14	66.10	67.18	78.23	66.16	71.12	98.14	111	69.10	83.12
Profit before tax	647	875	648	558	1,153	1,183	901	957	1,238	1,260	1,770	1,336
Tax %	22.0%	24.0%	27.0%	24.0%	18.0%	22.1%	25.1%	18.1%	23.0%	20.0%	23.0%	24.1%
Exceptional items	−82.28	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	504	666	475	422	944	922	674	788	957	1,006	1,370	1,013
EPS (Rs)	5.23	6.70	4.79	4.26	9.49	9.26	6.78	7.92	9.60	10.12	13.77	10.16

Lodha Developers profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Lodha Developers Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	8,242	7,909	9,657	11,888	12,417	5,437	9,218	9,456	10,292	13,750	16,662	18,828
Expenses	6,141	6,330	8,016	8,756	10,554	4,080	7,068	7,430	7,675	9,826	11,789	12,655
Operating Profit	2,120	1,611	1,677	3,173	1,912	1,380	2,179	2,060	2,659	3,981	4,913	6,224
OPM %	26.0%	20.0%	17.0%	27.0%	15.0%	25.0%	24.0%	22.0%	26.0%	29.0%	30.0%	33.1%
Other Income	510	584	285	71.97	119	−140	293	−1,037	47.99	390	452	463
Interest	986	735	389	566	738	1,133	687	481	481	551	658	715
Depreciation	451	461	396	195	292	73.16	75.20	93.18	204	273	346	362
Profit before tax	1,194	998	1,177	2,481	999	32.86	1,709	450	2,022	3,546	4,357	5,604
Tax %	41.1%	42.1%	33.0%	34.1%	26.0%	−44.0%	30.1%	−8.0%	23.0%	22.1%	22.0%	—
Exceptional items	−2.01	0.00	−2.01	1.01	10.04	−355	2.01	−395	−69.25	179	65.23	0.00
Net Profit	702	583	792	1,642	741	47.90	1,206	489	1,552	2,763	3,423	4,345
EPS (Rs)	9.31	7.40	10.05	20.71	9.21	0.52	12.52	5.06	15.61	27.77	34.42	43.65
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	19.9%	14.0%	14.9%	11.9%	—

Lodha Developers balance sheet

₹ crore, at each year end.

Lodha Developers Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	108	108	113	395	396	396	396	482	482	993	998	998
Reserves	3,181	3,859	3,912	4,750	3,439	4,152	4,198	11,615	12,174	16,455	19,163	22,266
Borrowings	11,839	13,810	16,172	22,588	25,630	18,397	18,159	11,530	9,044	7,687	7,089	9,885
Other Liabilities	12,780	13,216	13,719	12,526	20,421	17,770	16,579	14,749	17,430	22,031	22,336	25,503
Total Liabilities	27,908	30,992	33,917	40,260	49,886	40,716	39,331	38,374	39,130	47,167	49,586	58,653
Fixed Assets	2,282	1,895	1,748	2,190	2,134	2,016	1,940	1,917	1,824	1,166	1,365	2,632
CWIP	3.99	176	109	5.99	5.99	5.99	5.99	0.00	0.00	3.99	3.99	9.98
Investments	595	611	1,182	1,385	1,407	1,554	1,581	575	246	2,504	1,251	1,457
Other Assets	25,026	28,310	30,877	36,679	46,339	37,139	35,803	35,883	37,059	43,492	46,967	54,555
Inventories	19,130	20,973	22,143	31,361	41,394	28,987	28,216	27,309	30,040	33,943	36,385	40,143
Trade receivables	1,070	686	605	761	485	796	656	646	740	801	777	1,475
Cash & equivalents	436	306	280	523	659	187	368	1,250	1,829	2,641	1,748	3,597
Total Assets	27,908	30,992	33,917	40,260	49,886	40,716	39,331	38,374	39,130	47,167	49,586	58,653

Lodha Developers cash flow

₹ crore, for each year.

Lodha Developers Cash flow
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	386	1,465	694	−462	3,761	2,520	1,992	2,743	2,506	1,562	957
Cash from investing activity	−856	−1,176	−652	−175	182	421	1,140	1,791	−2,951	47.09	−781
Cash from financing activity	331	−313	24.11	739	−4,203	−2,844	−2,898	−3,720	955	−2,515	1,595
Net cash flow	−137	−16.04	69.12	97.20	−234	109	251	836	517	−895	1,774
Capex	128	65.84	41.94	106	36.90	1.99	43.94	89.76	170	473	250
Free cash flow	288	1,401	652	−560	3,729	2,523	1,957	2,664	2,339	1,087	706
CFO / OP %	34.0%	119.0%	75.0%	−5.0%	201.0%	176.0%	100.0%	143.0%	95.0%	55.0%	39.0%

Lodha Developers ratios

Working-capital days and returns, by year.

Lodha Developers Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	64	31	29	30	16	24	45	27	29	29	22	33
Cash conversion cycle	63	30	28	29	15	23	44	26	28	28	21	32
Working capital days	655	590	−166	−262	0	−31	114	360	387	442	441	420
ROCE %	—	13.0%	9.0%	7.0%	11.0%	6.0%	7.0%	10.0%	9.0%	11.0%	15.0%	16.0%

Lodha Developers: frequently asked questions

What are the latest quarterly results of Lodha Developers?

For the Sep 2026 quarter, Lodha Developers reported sales of ₹4,463 Cr, up 17.7% year on year and net profit of ₹1,013 Cr, up 28.5% year on year. The operating margin was 33.0%.

What is the annual revenue of Lodha Developers?

Lodha Developers' sales for the year to Mar 2026 were ₹16,662 Cr; over the last twelve months they were ₹18,828 Cr.

What is the net profit of Lodha Developers?

Net profit for the year to Mar 2026 was ₹3,423 Cr, and ₹4,345 Cr over the last twelve months. Earnings per share over the same trailing period were ₹43.65.

How much debt does Lodha Developers have?

Lodha Developers reported borrowings of ₹9,885 Cr at Mar 2026, against cash and equivalents of ₹3,597 Cr.

What is the free cash flow of Lodha Developers?

Cash from operations was ₹957 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹706 Cr.

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