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What is the story about?
Realty firm Macrotech Developers Ltd
(Lodha) on Thursday 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%.
Abhishek Lodha, MD & CEO, said the company continues to see strong market momentum, with non-launch weekly sales nearing ₹300 crore. “With significant launches planned in the second half of this fiscal, we are on track to deliver our full-year pre-sales guidance of ₹21,000 crore,” he said.
During the quarter, Lodha signed an MoU with the Maharashtra government to set up a Green Data Centre Park at Palava, which already has AWS and STT as anchor tenants. The park is expected to scale up to 3 GW and contribute significantly to India’s AI infrastructure.
Lodha added one new project in the Mumbai Metropolitan Region with a gross development value (GDV) of ₹23,000 crore, achieving its full-year business development target of ₹2.5 lakh crore in the first half itself. Despite high investments, net debt stood at ₹5,370 crore (0.25x equity), among the lowest in the industry, with a cost of debt at 8%.
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%.
Abhishek Lodha, MD & CEO, said the company continues to see strong market momentum, with non-launch weekly sales nearing ₹300 crore. “With significant launches planned in the second half of this fiscal, we are on track to deliver our full-year pre-sales guidance of ₹21,000 crore,” he said.
During the quarter, Lodha signed an MoU with the Maharashtra government to set up a Green Data Centre Park at Palava, which already has AWS and STT as anchor tenants. The park is expected to scale up to 3 GW and contribute significantly to India’s AI infrastructure.
Lodha added one new project in the Mumbai Metropolitan Region with a gross development value (GDV) of ₹23,000 crore, achieving its full-year business development target of ₹2.5 lakh crore in the first half itself. Despite high investments, net debt stood at ₹5,370 crore (0.25x equity), among the lowest in the industry, with a cost of debt at 8%.
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