Lodha Developers to receive ₹521 crore refund after Supreme Court order

Realty firm Lodha Developers Ltd (formerly Macrotech Developers Ltd) on Thursday (November 27) said the Supreme Court of India has permitted restitution of the entire sum of ₹520.80 crore that the company

had deposited as security against claims on V Hotels Ltd.

The amount will be refunded to Lodha Developers along with accrued interest. The court order affirms Lodha Developers’ position as the bona fide successful Resolution Applicant for V Hotels with a legitimate interest in its property.

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Following the order, the Enforcement Directorate will have no right or lien over the properties of V Hotels. The company stated that this development follows its earlier disclosure made on July 2, 2025.

Second Quarter Results

Macrotech Developers reported an 87% jump in consolidated net profit to ₹789.8 crore for the second quarter of FY26, driven by higher income and operating leverage. Its net profit stood at ₹423.1 crore in the same quarter last year.

Total income rose to ₹3,878.7 crore during the July–September period from ₹2,684.6 crore a year earlier, according to a regulatory filing. The company posted its best-ever Q2 pre-sales of ₹4,570 crore, up 7% year-on-year, and revenues from operations rose 45% to ₹3,800 crore. Adjusted EBITDA stood at ₹1,310 crore, up 37% YoY, with a robust margin of 34.4%.

Also Read: Lodha Developers confident of doubling Bengaluru pre-sales in FY26

Shares of Lodha Developers Ltd ended at ₹1,155.00, down by ₹8.45, or 0.73%, on the BSE.