Lodha Developers Q2 FY27 results: revenue, profit and why pre-sales differ
Lodha Developers Limited (NSE: LODHA) filed its unaudited results for the quarter ended 30 September 2026 (July to September 2026, called Q2 FY27) with NSE on 30 October 2026, the day its board approved them, along with a press release.
Published 4 November 2026 · Potoos Research Services
In short. For July to September 2026, Lodha Developers reported consolidated revenue from operations of Rs 44,674 million, up 17.6% from Rs 37,985 million a year earlier, and a net profit of Rs 10,135 million, up 28.3% from Rs 7,898 million.
The numbers
The first two tables are consolidated, in Rs million, as printed in the company's statement of consolidated results. The change column is worked out by us from the filing's own numbers.
| Item | Jul to Sep 2026 | Jul to Sep 2025 | Change |
|---|---|---|---|
| Revenue from operations | 44,674 | 37,985 | +17.6% |
| Total income (revenue plus other income) | 45,849 | 38,789 | +18.2% |
| Net profit for the period | 10,135 | 7,898 | +28.3% |
| Profit attributable to owners of the company | 10,130 | 7,887 | +28.4% |
| Basic EPS (Rs) | 10.14 | 7.90 | +28.4% |
| Item | Apr to Sep 2026 | Apr to Sep 2025 | Change |
|---|---|---|---|
| Revenue from operations | 94,641 | 72,902 | +29.8% |
| Total income | 96,816 | 75,036 | +29.0% |
| Net profit for the period | 23,866 | 14,649 | +62.9% |
| Profit attributable to owners of the company | 23,851 | 14,634 | +63.0% |
| Basic EPS (Rs) | 23.87 | 14.66 | +62.8% |
Lodha also filed standalone results, for Lodha Developers Limited on its own without its subsidiaries:
| Item | Jul to Sep 2026 | Jul to Sep 2025 | Change |
|---|---|---|---|
| Revenue from operations | 32,748 | 29,834 | +9.8% |
| Total income | 34,050 | 30,473 | +11.7% |
| Net profit for the period | 6,450 | 3,356 | +92.2% |
| Basic EPS (Rs) | 6.45 | 3.36 | +92.0% |
No exceptional items appear in the results. The auditors, Walker Chandiok & Co LLP, carried out a limited review and, as the company's notes put it, “expressed an unmodified conclusion” on both the consolidated and standalone results. The standalone notes say a scheme to merge two listed subsidiaries, National Standard (India) Limited and Roselabs Finance Limited, into the company was approved by shareholders on 9 October 2026 and is awaiting final approval from the NCLT, Mumbai Bench; the standalone results do not yet include its effect.
What the company said
These are the company's own words, from the press release it filed with the results on 30 October 2026 and also published on its website.
“Revenue for the quarter stood at ₹ 4,468 crores and pre-sales for the quarter at ₹ 5,037 crores.”
Lodha Developers press release, 30 October 2026
“Net debt stood at ₹ 5,279 crores as on 30th September 2026.”
Lodha Developers press release, 30 October 2026
The press release rounds to crore. It gives profit after tax as ₹ 1,013 crore; Rs 10,135 million in the results table is about Rs 1,013 crore. Rs 44,674 million of revenue is about Rs 4,467 crore; the press release says ₹ 4,468 crore, a rounding difference. Pre-sales of Rs 5,037 crore is not a figure from the results table. It is an operating number the company reports: the value of homes it sold during the quarter. Revenue in the results table is counted under accounting rules, so the two numbers measure different things and do not match.
Dates
- Board meeting: 30 October 2026 (started 3:30 p.m. IST). The board approved the results that day; the company's letter says the items were approved by 5.30 p.m. and the meeting continued for other items.
- Filed with NSE: 30 October 2026, with the press release the same evening.
- Dividend: none declared in this filing.
- Also in the same letter: the board noted that Ms. Sanjyot Rangnekar, Company Secretary and Compliance Officer, asked for early retirement from the close of business on 30 October 2026, and approved Ms. Savita Kodain as Company Secretary and Compliance Officer from 31 October 2026.
Consolidated and standalone: consolidated figures add up Lodha Developers and its subsidiaries as one group. Standalone figures cover Lodha Developers Limited alone. News reports sometimes mix the two, so check which one a number belongs to.
Pre-sales: the value of homes booked by buyers in the period. It shows how much the company sold, not how much revenue it reported in its accounts.
Rs million: ten lakh rupees. Ten million make one crore, so Rs 44,674 million is about Rs 4,467 crore. The filing reports in million, so this page does too.
Source
- Lodha Developers, outcome of board meeting with unaudited consolidated and standalone results, 30 October 2026. nsearchives.nseindia.com
- Lodha Developers, press release on the results, 30 October 2026. nsearchives.nseindia.com
- Lodha Developers, investor presentation, 30 October 2026. nsearchives.nseindia.com
This page was written by Potoos Research Services, a SEBI-registered Research Analyst (INH000027380) in Chennai. Every figure above is copied from the company's filing, and every percentage change is worked out from the filing's own numbers.
This page reports what the company filed. It is not a recommendation to buy, sell or hold.
Common questions
What was Lodha Developers' revenue in Q2 FY27?
Consolidated revenue from operations for July to September 2026 was Rs 44,674 million, against Rs 37,985 million in July to September 2025, a change of +17.6%.
How much profit did Lodha Developers make in Q2 FY27?
The consolidated net profit for the quarter was Rs 10,135 million, against Rs 7,898 million in the same quarter of 2025, a change of +28.3%. The standalone net profit was Rs 6,450 million.
Are pre-sales the same as revenue?
No. Pre-sales of Rs 5,037 crore, from the press release, is the value of sales bookings in the quarter. Revenue from operations in the results table was Rs 44,674 million, about Rs 4,467 crore.
Did Lodha Developers declare a dividend with these results?
No dividend was declared in the 30 October 2026 results filing.
Is this page a recommendation?
No. It reports what the company filed. It is not a recommendation to buy, sell or hold.