Lodha Developers Q3 revenue rises 14%, net profit flat, margins lower

EBITDA grows 8.4%; Lodha enters NCR market during the quarter as part of growth strategy; company adds five projects with a gross development value...

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Lodha Developers on Wednesday, January 28, reported a marginal year-on-year increase in net profit for the third quarter ended December 31, 2025, with profit rising 1.3% to ₹956.9 crore from ₹944.4 crore in the year-ago period.

Revenue from operations grew 14.4% to ₹4,672 crore during the quarter, compared with ₹4,083 crore in Q3 last year.

EBITDA for the quarter increased 8.4% YoY to ₹1,415 crore from ₹1,305 crore. Operating margin stood at 30.3%, lower than 32% recorded in the corresponding quarter of

FY25.

Abhishek Lodha, Managing Director and CEO of Lodha Developers Ltd, said the company’s third quarter pre-sales performance reflected strong demand for its products and brand, noting that the first nine months of the year marked the highest-ever pre-sales recorded across the first three quarters.

He said the company crossed the ₹5,000-crore mark in quarterly sales for the first time, calling it a significant milestone. Lodha added that government and central bank policy measures, including GST rationalisation and interest rate cuts, are expected to support the economy, while the recently-concluded trade deal with the EU could further aid growth.

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He said favourable factors such as low mortgage rates, rising household incomes and improving affordability continue to support demand, positioning organised and execution-focused developers to benefit.

The company informed that it entered the NCR market during the quarter as part of its growth strategy, noting that NCR is the second-largest residential market in India after Mumbai.

During the quarter, the company added five projects with a gross development value (GDV) of ₹33,800 crore, in addition to six locations with a GDV of ₹25,000 crore added in the first half of FY26.

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Lodha Developers Ltd shares closed at ₹924 on the NSE, up ₹16.80 or 1.85%, on Wednesday.