Lodha Developers reports profit doubles to 1,370 crore rupees in first quarter

Lodha Developers reported a 103 percent year-on-year increase in consolidated profit after tax to 1,370 crore rupees for the first quarter ending June 30, 2026, scanx.trade reported. The Mumbai-based real estate firm recorded a profit of 675 crore rupees in the same period of the previous year. [1]

Consolidated revenue from operations grew 43 percent to 5,000 crore rupees, according to scanx.trade. The growth was supported by solid pre-sales and collections across its residential and commercial portfolios. [1]

Strong cash collections helped the developer reduce its overall debt, scanx.trade reported. The company also executed strategic land sales in its data center park, which highlighted potential for annuity income growth. [1]

Management reaffirmed its full-year guidance for fiscal year 2027 despite temporary launch delays, scanx.trade said. As FTMQ Business reported earlier, Indian financial firms have seen steady quarterly growth, including ICICI Prudential Asset Management Company, which posted an 889 crore rupee profit for the July to September quarter. [1][2]