Lodha Developers Limited — PPTs, 28-01-2026: Investor Presentation

Lodha saw a strong Q3, with pre-sales hitting a record INR 5,620 Cr (+25% YoY). Nine-month revenue climbed 25% to INR 11,960 Cr, and Adjusted PAT surged 31% to INR 2,420 Cr. However, Q3 Adjusted EBITDA dipped 6% to INR 1,490 Cr (32% margin).

The company's strategy focuses on 20% annual pre-sales growth, targeting INR 50,000 Cr by FY31, and a 6x jump in annuity income to INR 1,500 Cr from warehousing, retail, and digital services. Key growth drivers include expanding into new markets like NCR and leveraging its 400-acre data center land in Palava, aiming for significant land sales (INR 50-60 Cr/acre) and powered shell rentals.

Recent developments include adding five new projects in Q3 with a GDV of INR 33,800 Cr and entering the NCR market with two projects planned for FY27. Business development for the nine-month period is already at INR 58,800 Cr, well ahead of annual guidance.

Management is confident in achieving its FY26 pre-sales target of INR 21,000 Cr, backed by a strong Q4 launch pipeline. Net debt remains controlled at INR 6,170 Cr (0.28x equity), with a TTM RoE of ~20%.