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India
As of 18 Sept 2026, 03:30 pm
As of June 30, 2026, Lodha Developers Limited reported a security cover of 3.09 times its borrowed amount for outstanding listed non-convertible debentures. This was certified by management and reviewed by statutory auditors, confirming compliance with SEBI regulations and Debenture Trust Deed terms. The total market value of charged assets was ₹58,721.7 million against debt securities of ₹81,088 million.
For the quarter ended June 30, 2026, the security cover ratio for Lodha Developers Limited's listed secured debt securities (ISINs INE670K07307, INE670K07315, INE670K07331, INE670K07364) increased to 2.46 times from 2.29 times in the previous quarter (ended March 2026). The cover on book value was 1.39 times, and the cover on market value was 2.46 times.
On September 9, 2026, Lodha Developers Limited allotted equity shares under its Employee Stock Option Plan (ESOP) or Employee Stock Purchase Scheme (ESPS). This resulted in an increase in the company's paid-up share capital from ₹9,992,232,370 to ₹9,993,350,960 and an increase in the number of paid-up shares from 999,223,237 to 999,335,096.
As of September 18, 2026, the daily technical trend for Lodha Developers Limited is indicated as bearish. The Supertrend indicator is at 1208.94, and the 20-day Exponential Moving Average (EMA) is 1170.41, which is below the 20-day Simple Moving Average (SMA) of 1194.1. The 50-day EMA is 1162.26, also below the 50-day SMA of 1206.84. The 14-day Average Directional Index (ADX) is 24.08, with the minus Directional Indicator (DI) at 28.5 and the plus DI at 19.89.
As of 18 Sept 2026, 03:30 pm
Recent drawdown or price variability is high enough to warrant closer monitoring.
Primary driver: Price remains materially below a previous peak
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Trading activity was substantially higher than usual and the price closed lower.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Trading activity was substantially higher than usual and the price closed lower.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | PEAK₹4,996.70 crore | ₹4,713.50 crore | ₹4,672.50 crore | ₹3,798.50 crore | ₹3,491.70 crore |
| Finance Costs | ₹179.10 crore | ₹167.40 crore | PEAK₹185 crore | ₹156.50 crore | ₹147.80 crore |
| Other Expenses | ₹347.40 crore | PEAK₹377.30 crore | ₹343 crore | ₹319.60 crore | ₹260.30 crore |
| Current Tax | PEAK₹390 crore | ₹287 crore | ₹301.10 crore | ₹174.70 crore | ₹230.50 crore |
| Deferred Tax | PEAK₹12.80 crore | -₹31.20 crore | -₹15.70 crore | -₹3.70 crore | -₹2.10 crore |
| Tax Expense | PEAK₹402.80 crore | ₹255.80 crore | ₹285.40 crore | ₹171 crore | ₹228.40 crore |
Tax expense for the quarter was ₹402.80 crore, compared with ₹228.40 crore a year ago. The effective tax rate—tax expense divided by profit before tax—declined from 25.3% to 22.7%, which further lifted the share of profit retained after tax.
Exchange disclosures and regulatory announcements for Lodha Developers.
Catalyst Trusteeship Limited has informed the exchange for Lodha Developers Limited regarding NOC/No dues certificate/consent/permission of ISIN INE670K07364 for the FY 2026-2027 |SUBJECT: NOC/No dues certificate/consent/permission
On September 9, 2026, Lodha Developers Limited certified that its security cover for outstanding listed non-convertible debentures as of June 30, 2026, stood at 3.09 times the borrowed amount, complying with SEBI regulations and Debenture Trust Deed terms. The certification, prepared by management and reviewed by statutory auditors Saraogi & Saraogi, utilized unaudited standalone financial results showing a total market value of charged assets at Rs 58,721.7 million against debt securities of Rs 81,088 million. This compliance statement was submitted to IDBI Trusteeship Services Limited for onward filing with the Securities and Exchange Board of India.
Catalyst Trusteeship Limited has informed the exchange for Lodha Developers Limited regarding Security Cover Certificate of ISIN INE670K07315 for Q1 for the FY 2026-2027 |SUBJECT: Security Cover Certificate
For the quarter ended June 30, 2026, Catalyst Trusteeship Limited, as Debenture Trustee for Lodha Developers Limited, submitted a Security Cover Certificate to BSE and NSE. The security cover ratio for the company's listed secured debt securities (ISINs INE670K07307, INE670K07315, INE670K07331, INE670K07364) increased to 2.46 times from 2.29 times in the previous quarter (March 2026). The cover on book value was 1.39 times, and the cover on market value was 2.46 times.
On September 9, 2026, Lodha Developers Limited allotted equity shares under its ESOP/ESPS program, increasing paid-up share capital from INR 9,992,232,370 to INR 9,993,350,960 and the number of paid-up shares from 999,223,237 to 999,335,096.
On September 09, 2026, Lodha Developers Limited allotted 111,859 equity shares of ₹10 each under its Employee Stock Option Scheme 2021 – II. The allotment was executed pursuant to the scheme and communicated to BSE Limited and NSE Limited by Company Secretary Sanjyot Rangnekar.
The filing records the release of five flats in the Kharadi New Project (Towers 3, 4, and 5) at Wagholi, Pune. The released units are: flat 1601 to Rajeev Mittal & Anshu Mittal; flat 1602 to Abhijeet Vasantrao Patil & Gauri Abhijeet Patil; flat 1802 to Zeenat Amin Hamirani & Amin Sadrudin Hamirani; flat 2001 to Sumit Mishra & Pranjal Pareek; and flat 1603 to Padmini Devi Huidrom & Himanshu Thappa. Each release references a specific RERA-designated collection account.
Lodha Developers Limited announced on September 7, 2026, that separate meetings of its equity shareholders and secured creditors will be held via video conferencing on October 9, 2026, to consider a scheme of merger by absorption involving Roselabs Finance Limited and National Standard (India) Limited. The NCLT Mumbai Bench directed these meetings pursuant to an order dated August 6, 2026, with the cut-off date for voting eligibility set at October 2, 2026 for shareholders and March 31, 2026 for creditors. Mr. Satya Ranjan Prasad has been appointed as Chairperson and Ms. Dipika Shetty as Scrutinizer for the proceedings.
Recent market and company developments associated with Lodha Developers.
Mumbai's redevelopment segment has grown from under 6% of housing sales to close to 15% in under a decade, and JLL's Karan Singh Sodi expects that share to keep rising over the next five to seven years, driven by a lack of open land and growing institutional developer interest.
At 14:25 IST, the barometer index, the S&P BSE Sensex jumped 312.79 points or 0.43% to 74,323.02. The Nifty 50 index added 117.65 points or 0.51% to 23,236.25.
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At 10:30 IST, the barometer index, the S&P BSE Sensex, tanked 538.70 points or 0.72% to 74,367.44. The Nifty 50 index lost 179.35 points or 0.76% to 23,298.45.
Nifty Realty, real estate, Godrej Properties, Lodha
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A recent analysis revealed that leading Indian real estate firms experienced a twenty-one percent decline in sales bookings, primarily due to a reduction in housing project launches amid ongoing global economic challenges. Godrej Properties took the lead as the top developer based on sales figures. While numerous companies reported increases, others struggled significantly. Analysts expect a rebound in sales may begin in the second quarter.
Comprehensive Section Breakdown for Lodha Developers
Strategic Vision: Develops residential, commercial, and integrated township properties.
• Extensive experience in real estate development across multiple segments.
• Development of large-scale integrated townships.
• Presence in both domestic and international markets.
• Commitment to sustainable practices and innovative design.
Lodha Developers Ltd. delivered a sharp jump in earnings for the quarter ended 30 June 2026 (Q1 FY2026-27). Revenue from operations grew 43% year-over-year to ₹4,996.70 crore, while net profit more than doubled to ₹1,373.10 crore. The profit surge was fuelled by a notable widening of margins—revenue growth far outpaced the increase in key expense items—and a lower effective tax rate. The company’s leverage remained minimal.
Revenue from operations reached ₹4,996.70 crore, compared with ₹3,491.70 crore in the same quarter last year and ₹4,713.50 crore in the preceding quarter. Other income contributed a further ₹100 crore, taking total income to ₹5,096.70 crore.
Profit before tax (PBT) jumped 96.3% to ₹1,774.10 crore (Q1 FY2025-26: ₹903.70 crore). Profit after tax (PAT) rose to ₹1,373.10 crore, more than double the ₹675.10 crore recorded a year earlier. Basic earnings per share moved from ₹6.76 to ₹13.73.
The fact that profit grew significantly faster than revenue indicates that expenses increased at a slower pace. Among the cost lines with comparable prior-year data, finance costs rose 21.2% to ₹179.10 crore (from ₹147.80 crore) and other expenses rose 33.5% to ₹347.40 crore (from ₹260.30 crore). Both grew well below the 43% top‑line expansion.
Other major expense items in the quarter included cost of materials consumed at ₹2,542.50 crore, employee benefit expenses of ₹184.40 crore, and depreciation of ₹69.20 crore.
The combination of faster revenue growth and restrained growth in comparable expenses led to a pronounced margin improvement. The net profit margin (PAT as a percentage of revenue from operations) widened from 19.3% in Q1 FY2025-26 to 27.5% in the current quarter.
The reported debt-to-equity ratio stood at 0.0042 at 30 June 2026. This was fractionally lower than 0.0043 at the end of March 2026 and slightly above the 0.0038 recorded a year earlier. The ratio points to a capital structure with very little debt.
The interest service coverage ratio, as reported, was 0.0549, up from 0.0366 in the year-ago quarter and 0.044 in the prior quarter. Paid‑up equity share capital edged up to ₹999.10 crore from ₹998.10 crore a year earlier.
Lodha Developers’ first quarter of FY2026-27 was characterised by a 43% leap in revenue that comfortably outpaced the growth in key expenses. Finance costs and other expenses rose far more slowly, allowing profit before tax to nearly double and net profit to more than double. The net margin expanded from 19.3% to 27.5%, and a drop in the effective tax rate added to the after‑tax gain. The balance sheet remained lightly leveraged, with a debt-to-equity ratio near zero and a higher interest service coverage reading compared with a year ago.
Category: Real Estate
Develops luxury and premium residential properties across major Indian cities and in London, focusing on meticulous craftsmanship and high-quality materials.
Key Products & Services: No.1 Grosvenor Square • Lodha Altamount • Lodha Avalon • Lodha Malabar
Category: Real Estate
Develops commercial real estate, encompassing offices, retail spaces, warehousing, and land plots.
Key Products & Services: Lodha Sea Face
Category: Real Estate
Develops integrated townships designed as self-contained cities with an emphasis on sustainability, connectivity, and community well-being.
Key Products & Services: Palava
Category: Hospitality Services
Provides in-house hospitality services curated by trained professionals to enhance the living experience for residents.
Core Thesis: The company integrates residential, commercial, and township development with hospitality services to create comprehensive living and working environments.
• Quality and Craftsmanship: Focuses on meticulous craftsmanship, innovative technologies, and the use of high-quality materials in all developments. • Sustainability: Emphasizes sustainable practices and eco-friendly infrastructure in township development to minimize environmental impact. • Community Well-being: Designs integrated townships with a focus on community well-being, including green landscapes, recreational opportunities, and educational institutions. • Enhanced Living Experience: Provides in-house hospitality services to enhance the overall living experience for residents across its developments.