Lodha Developers Ltd (LODHA) Q2FY27 Concall Summary - Sep-2026 Qtr
Key Takeaways
- Management is confident of comfortably exceeding its initial FY27 PAT growth guidance of 20%, citing sustainable underlying margin expansion in the development business.
- The data center business gained significant momentum with power capacity approvals increased to 5GW; a multi-hundred MW BTS deal is expected to be signed this fiscal.
- The company reaffirmed its INR 24,000 crore pre-sales guidance for FY27, backed by a robust H2 launch pipeline of nearly INR 20,000 crores GDV.
Performance Overview
- The first half of fiscal year 2027 marked the strongest performance in the company's history, with record revenue, profit after tax, and pre-sales.
- Successfully launched the first project in Gurugram, marking the company's entry into its fourth major city.
- Achieved significant success with a new launch in Bengaluru, contributing over INR 1,800 crores to pre-sales in the second quarter.
- Maintained a strong balance sheet, with net debt reduced to approximately INR 52 billion, representing about 0.2 times equity.
- The Mulund-Airoli-Palava freeway is now physically complete and expected to open shortly, significantly enhancing connectivity and attractiveness for the Palava project.
Financial Metrics
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Operating Performance / Business Segments
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Key Discussions & Insights
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Outlook and Guidance
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Challenges / Concerns
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Industry / Competitive Landscape
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Overall Summary
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Tone & Disclosure
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