Mumbai-based Lodha Developers, formerly known as Macrotech Developers Ltd, has reported a 10% year-on-year increase in pre-sales bookings for the first quarter of FY26, touching ₹4,450 crore compared to ₹4,000 crore during the same period last year. The company disclosed the numbers in a regulatory filing, stating that the performance came despite a temporary slowdown caused by geopolitical tensions during the quarter.
According to the firm, the first half of Q1FY26 was impacted by international geopolitical developments that led to a two-week dip in market activity. However, the company remains confident of recovering that momentum during the remaining part of the financial year. Lodha has maintained its FY26 pre-sales guidance of ₹21,000 crore.
The company stated that its pre-sales in Q1 FY26 reached ₹4,450 crore, reflecting a 10% year-on-year growth. It attributed this performance to the strengthening of its launch pipeline, supported by substantial business development during the June quarter. Lodha Developers added that it remains on course to meet its pre-sales guidance of ₹21,000 crore for the full financial year.
During the quarter, Lodha added five new projects across three major urban markets—Mumbai Metropolitan Region (MMR), Pune, and Bengaluru. These projects have a combined Gross Development Value (GDV) of ₹22,700 crore. This development alone accounts for more than 90% of the company’s full-year GDV guidance of ₹25,000 crore for FY26, signaling a strong head-start to the fiscal year.
The company also reported total collections of ₹2,880 crore for the quarter, a 7% rise from the same period last year. The growth in collections is in line with its operational plan, supported by timely deliveries and sustained homebuyer interest across its key markets.
Despite the aggressive addition of new projects and substantial business development investments, Lodha maintained a controlled financial position. The company reported net debt of ₹5,080 crore at the end of the June quarter. This remains well below its self-imposed cap of 0.5× net-debt-to-equity, reflecting what the company described as “disciplined capital allocation.”
Lodha’s continued focus on deleveraging over the past few years, combined with strong pre-sales momentum and rising collections, has helped it maintain a relatively healthy balance sheet even as the company accelerates its expansion into newer markets like Bengaluru.
With a strong project pipeline, early achievement of its GDV target, and steady collection growth, Lodha Developers has started FY26 on a robust note. The company’s continued thrust in high-demand regions like MMR and Pune, along with its gradual expansion into Bengaluru, positions it to benefit from India’s sustained urban housing demand.
The management reiterated its full-year sales guidance and expressed confidence that the momentum from Q1, coupled with the upcoming launches, will support the company’s performance through the rest of the year.
In the broader context of India’s real estate sector, Lodha’s performance signals a continued demand trend in the premium and mid-income residential segments, especially in metro and Tier-1 cities. Despite external macroeconomic uncertainties, organized developers with strong balance sheets and diversified geographic presence continue to show resilience.
