Lodha reported strong operational updates for Q2FY26, including pre-sales of INR 45.7bn, a 7% YoY growth. Collections reached INR 34.8bn, up 13% YoY. The company added a project with a Gross Development Value (GDV) of INR 23bn in MMR and has already met its full-year guidance of INR 250bn in H1FY26. Net debt stood at INR 53.7bn.
Q2FY26 Operational Highlights
Lodha announced key operational updates for the second quarter of fiscal year 2026 (Q2FY26: July-September).
Pre-Sales Performance
The company achieved pre-sales of INR 45.7bn in Q2FY26, representing a 7% year-over-year (YoY) increase, despite fewer project launches during the quarter. With the Environmental Clearance (EC) process now approved, Lodha anticipates significant launches in the second half of the fiscal year (H2) and is on track to meet its full-year pre-sales target of INR 210 bn.
Collections Growth
Collections for Q2FY26 totaled INR 34.8bn, reflecting a 13% YoY growth.
Business Development
During Q2FY26, Lodha added a new project with a Gross Development Value (GDV) of INR 23bn in the Mumbai Metropolitan Region (MMR). The company has already achieved its full-year guidance of INR 250bn in the first half of the fiscal year (H1) and possesses a robust development pipeline.
Net Debt Position
Despite significant investments in business development during the first half of the fiscal year (H1), Lodha’s net debt stood at INR 53.7bn, remaining well below its internal ceiling of 0.5x Net debt/Equity.
Performance Summary
| (INR bn.) | Q2FY26 | Q2FY25 | YoY (%) | 1HFY26 | 1HFY25 | YoY (%) |
| Pre-sales | 45.7 | 42.9 | 7% | 90.2 | 83.2 | 8% |
| Collections | 34.8 | 30.7 | 13% | 63.6 | 57.6 | 10% |
Note: The figures provided are provisional and subject to limited review.
Source: BSE
