Macrotech Developers Ltd., which has rebranded itself as Lodha Developers, saw pre-sales worth Rs 4,450 crore, up 10% year-on-year, for the first quarter of fiscal 2026.
This compared to a pre-sales of Rs 4,030 crore from the year-ago period of the first quarter of fiscal 2025, according to an exchange filing from the company on Monday.
The collections amounted to Rs 2,880 crore with a 7% YoY increase for the first quarter of financial year 2026 compared to Rs 2,690 crore from the same period in the previous year.
Its net debt was at Rs 5,080 crore, below its ceiling of 0.5 times the net debt or equity. The firm said that this was achieved despite their significant investment in business development.
The company said the pre-sales were achieved “despite the impact of geopolitical tensions” in the first half of the quarter which led to loss of activity for two weeks.
The firm stated that it expects to make up for it over the course of the rest of the fiscal.
Lodha Developers anticipates a pre-sales guidance of Rs 21,000 crore in fiscal 2026, via further strengthening of their launch pipeline for the current financial year.
The collections were in line with the company’s business plan with it expecting them to be notably higher in the second half compared to the first half of the fiscal 2026.
In the first quarter of financial year 2026, the company added five new projects across the Mumbai Metropolitan Region, Pune and Bengaluru with a gross development value of Rs 22,700 crore.
Lodha Developers said that this showcased a “robust pipeline” because it was less than 90% of the full year guidance of Rs 25,000 crore.
Shares of Lodha Developers closed 0.67% higher at Rs 1,377.30 apiece on the NSE, compared to the benchmark Nifty closing flat. The stock has fallen 10.54% in the last 12 months and 0.87% on a year-to-date basis.
Out of 18 analysts tracking the company, 13 have a ‘buy’ rating on the stock, four recommend ‘hold’ and one suggests ‘sell’, according to Bloomberg data. The average of 12-month analysts’ price target implies a potential upside of 3.9%.
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