Lodha Developers reported strong Q2 FY26 results with INR45.7 billion in presales, up 7% year-on-year. First-half sales reached approximately INR90 billion, representing 43% of the full-year guidance. The company is expanding into data centers with a 400-acre park in Palava, leveraging government incentives and infrastructure. Revenue for the quarter was INR38 billion, up 45% year-on-year, with adjusted EBITDA at INR13 billion, a 37% increase. The company expects sustained growth and scalability across key markets.
Financial Performance Highlights
Lodha Developers announced a strong performance for Q2 FY26, marked by significant presales and revenue growth. Key highlights include:
- Presales: Reached INR45.7 billion, a 7% increase year-on-year.
- H1 Sales: Stood at approximately INR90 billion, 43% of the full-year presales guidance.
- Revenue: Operations generated INR38 billion, up 45% year-on-year.
- Adjusted EBITDA: Reached INR13 billion, reflecting a 37% year-on-year increase, with an EBITDA margin of 34.4%.
- PAT: Just under INR8 billion, up approximately 87% year-on-year.
Strategic Business Developments
Lodha is making significant strides in the development of a data center park in Palava, spanning approximately 400 acres. The company has already secured two anchor customers: Amazon Web Services (AWS) and STT. An MOU with the Maharashtra government supports the Green Digital Infrastructure policy, with potential benefits exceeding $1 billion for ~400 MW capacity.
Expansion and Outlook
The company is observing strong performance in Pune and Bangalore, with approximately 30% of presales originating from these two cities. Further expansion into NCR is planned for 2026. Palava is transitioning into an upper mid-income and premium location, bolstered by key infrastructure projects like the Palava-Airoli-Mulund freeway.
Pune Market Update
The Pune residential market remains resilient and balanced, with a diverse demand base. The market is estimated at over INR60,000 crores. Lodha has scaled up its presence in Pune significantly, achieving approximately INR1,400 crores in the first half of financial year ’26. The company aims to become the largest developer in Pune within the next two years.
Data Center Opportunity
Lodha is strategically positioned to capitalize on the growing data center market, benefiting from government incentives, robust infrastructure, and low building costs. Land values are increasing to approximately INR0.3 billion per acre. With 3 gigawatts of power availability and access to green power and recycled water, Palava offers a competitive edge for data center operations. A dedicated team is exploring partnerships and models to enhance value creation in this sector.
Source: BSE
