Lodha Developers Q3 update: Pre-sales advance 25% YoY to ₹5,620 crore; collections down 17%

In a regulatory filing on Tuesday, the real estate developer posted a 25% year-on-year (YoY) surge in pre-sales to ₹5,620 crore ( or ₹56.2 billion), its best-ever, during the reporting quarter, compared to ₹4,510 crore (or ₹45.1 billion) it had logged in the year-ago period.

Its pre-sales grew 23% sequentially from ₹4,570 crore (or ₹45.7 billion) in Q2FY26, it added.

In the nine months ended FY26, the company’s pre-sales stood at ₹14,640 crore (or ₹146.4 billion), marking a 14% YoY jump from ₹12,820 crore (or ₹128.2 billion) in 9MFY25.

The company stated that a strong momentum in its sustenance sales, along with a significant launch pipeline in the fourth quarter of FY26, will support the achievement of its pre-sale guidance of ₹21,000 crore (or ₹210 billion) for the year.

However, its collections for the December quarter of FY26 declined 17% annually to ₹3,560 crore (or ₹35.6 billion), as against ₹4,290 crore (or ₹42.9 billion) in the third quarter of FY25. Its collections were lower in Q3FY26, as the company experienced one-off inflows from large land and office sales in the same period last fiscal year.

On a quarter-on-quarter basis, its collections grew by 2% from ₹3,480 crore (or ₹34.8 billion) in the second quarter of FY26.

The firm clocked ₹9,930 crore in collections for the nine months ended of the current fiscal year, down marginally from ₹10,060 crore (or ₹100.6 billion) in the year-ago period.

It added that collections are expected to scale up significantly in the coming quarters.

During the quarter under review, Lodha Developers added five projects with gross development value (GDV) of ₹33,800 crore (or ₹338 billion) in the Mumbai Metropolitan Region (MMR), National Capital Region (NCR) and Bengaluru.

“This takes 9MFY26 business development at ₹588 billion (₹58,800 crore), which is 2.35x of our annual guidance of ₹250 billion (₹25,000 crore). This significant business development will allow us to have better visibility of future growth and support higher profitability in upcoming acquisitions,” it noted.

It stated that its pilot in NCR, which has started with two projects on a joint development basis, reflects its “risk-calibrated approach to capital deployment.”

“The NCR entry will enable us to serve nearly 80% of the housing demand across the top seven Indian cities,” Lodha Developers said.

It added that its net debt stood at ₹6,170 crore (or ₹61.7 billion), below its ceiling of 0.5x net debt/equity, despite the company’s significant investment in business development in the nine months.

Lodha Developers has a total market capitalisation of ₹1.11 lakh crore, as of January 6, 2026, according to data on the NSE.