Lodha Developers, the Mumbai-based developer formerly known as Macrotech Developers, reported a 28% rise in consolidated net profit to ₹1,013 crore for the July to September quarter (Q2 FY27). Managing director Abhishek Lodha said the company now expects to comfortably beat its full-year profit guidance.
Q2 FY27 results at a glance
- Net profit: ₹1,013 crore, up 28% year on year
- Revenue from operations: ₹4,468 crore, up about 18% from ₹3,798 crore a year earlier
- Profit margin: 22.1%
- Pre-sales: ₹5,037 crore, up 10% year on year
- Net debt: ₹5,279 crore as of 30 September 2026, about 0.2 times equity, with the cost of debt steady at 7.8%
For the first half of the year (April to September), profit after tax rose 63% to ₹2,386 crore.
On track to beat FY27 guidance
Lodha said the first-half numbers put it on course to exceed its profit guidance for the year. Pre-sales for the half are already above 40% of the full-year target, in line with the company’s own plan. Lodha had set a pre-sales target of ₹24,000 crore for FY27.
Bengaluru launch and new markets
The quarter included a new launch in North Bengaluru. Lodha said buyer response there showed strong demand for the brand and eased concerns that AI-led job changes would hurt housing beyond the affordable segment. The company plans its next launch in the Delhi NCR region during the festive season, followed by more projects in new locations, in line with its plan of 21 launches in FY27.
Rental business and data centres
Lodha is also growing its rental arm, which it sees expanding through data centres and AI infrastructure. It aims to raise annual rental (annuity) income tenfold, from about ₹300 crore to ₹3,000 crore by FY32, and plans to roll out a self-funded data centre strategy within the next six months.
What it means for home buyers
Strong profits, steady sales and low debt matter to buyers because they reduce the risk of a developer slowing construction when the market cools. Lodha said rising interest rates are unlikely to dent demand in its segments directly, though it is watching wider effects, including the conflict in the Middle East. For buyers comparing Lodha projects in Bengaluru, net debt of about 0.2 times equity is a low level of borrowing for a developer of this size.
