Lodha Developers shares rise 2% after strong Q3FY26 operating performance

Lodha Developers shares gained over 2% to their day's high of Rs 1,138 on Wednesday, January 7, after the real estate major reported strong operating performance for the December quarter.

On Tuesday, Lodha Developers announced a 25% year-on-year rise in sales bookings to Rs 5,620 crore in Q3FY26, compared with Rs 4,510 crore in the same quarter last year. The growth was driven by robust demand for residential properties across key markets.

In its quarterly update, the company said it recorded its highest-ever quarterly pre-sales of Rs 56.2 billion, registering 25% YoY growth and 23% quarter-on-quarter growth. Management highlighted that sustained sales momentum and a strong pipeline of launches in the March quarter are expected to help the company meet its full-year pre-sales guidance of Rs 210 billion.

Collections for the quarter stood at Rs 35.6 billion, lower than Q3FY25 due to one-time inflows from large land and office transactions in the year-ago period. However, the company expects collections to increase meaningfully in the coming quarters.

On the business development front, Lodha added five new projects in Q3FY26 with a gross development value (GDV) of Rs 338 billion across the Mumbai Metropolitan Region (MMR), NCR and Bengaluru. With this, total business development for the first nine months of FY26 reached Rs 588 billion, more than 2.3 times its annual guidance of Rs 250 billion, improving visibility for future growth and profitability. The company also marked its entry into the NCR market through two joint development projects, adopting a calibrated and low-risk capital deployment strategy.

Despite aggressive expansion, Lodha Developers maintained a healthy balance sheet, with net debt at Rs 61.7 billion, comfortably below its stated ceiling of 0.5x net debt-to-equity ratio.

On Tuesday, Lodha Developers shares closed 0.71% lower at Rs 1,112.10 on the NSE, valuing the company at a market capitalisation of approximately Rs 1.11 lakh crore.

According to Trendlyne data, the stock’s 14-day Relative Strength Index (RSI) stands at 54.3, indicating neutral momentum. An RSI below 30 is considered oversold, while a reading above 70 suggests overbought conditions.

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