Mumbai – Lodha Developers, formerly known as Macrotech Developers, reported robust pre-sales of ₹4,450 crore for the first quarter of FY26, marking a 10 percent year-on-year growth. This strong performance comes in the backdrop of temporary market slowdowns due to geopolitical tensions that impacted the initial weeks of the quarter. Despite these challenges, the company managed to maintain momentum and reaffirmed its full-year pre-sales guidance of ₹21,000 crore.
Customer collections for the quarter stood at ₹2,880 crore, a 7 percent increase over the previous year, aligning well with the company’s internal targets. The firm remains optimistic about stronger collections in the second half of the fiscal year, supported by ongoing demand and project launches. The company’s Q1 performance follows a record-breaking Q4 FY25, where it registered pre-sales of ₹4,810 crore, a 14 percent year-on-year increase.
Lodha added significant new inventory in the first quarter by launching five projects across Mumbai, Pune, and Bengaluru. These new launches collectively contribute ₹22,700 crore in Gross Development Value (GDV), achieving over 90 percent of the company’s FY26 GDV guidance of ₹25,000 crore in just the first quarter. This aggressive pipeline expansion is expected to provide strong tailwinds for the rest of the fiscal year.
As of the end of Q1 FY26, Lodha’s net debt stood at ₹5,080 crore. The company has successfully maintained a conservative financial approach, with its net debt-to-equity ratio remaining below 0.5x. This reflects strong balance sheet discipline and prudent capital management amidst growth.
Despite a brief slowdown in market activity at the beginning of the quarter, Lodha’s operational resilience, diversified portfolio, and strategic launches have enabled it to stay on track to achieve its ambitious targets. The company’s performance signals continued confidence in India’s residential real estate market and underscores Lodha’s leadership position in the sector.
Also read, Lodha Acquires 945 Apartments in Mankhurd for ₹567 Crore to Fulfil SRA Mandate
