Lodha Q4 FY26 profit rises 9% as revenue beats estimates

Key results at a glance

Lodha Developers said its net profit attributable to owners of the company rose 9.35% year-on-year (YoY) in Q4 FY26, supported by higher revenue and pre-sales. The company reported Q4 FY26 net profit of ₹1,007.9 crore and revenue from operations of ₹4,713.5 crore. Lodha also said it delivered its highest-ever quarterly pre-sales in the quarter. The reported revenue and profit came in above Bloomberg analysts’ estimates for the quarter. Alongside the results, the board recommended a final dividend for FY26.

Q4 FY26: Profit up 9.35%, revenue up 11.58%

For the January to March 2026 quarter, Lodha’s revenue from operations increased 11.58% YoY to ₹4,713.5 crore. The revenue beat the Bloomberg analysts’ poll estimate of ₹4,426 crore. Net profit for the quarter rose 9.35% YoY to ₹1,007.9 crore, also higher than the ₹837 crore estimate cited in the same poll.

The company’s adjusted EBITDA for Q4 FY26 stood at ₹1,650 crore, up 13% YoY. EBITDA margin for the quarter was 34%, as reported by the company. These operating metrics were presented alongside strong sales momentum and improved cash collections during the period.

Pre-sales hit a quarterly record; collections climbed

Lodha said Q4 FY26 pre-sales were ₹5,890 crore, up 23% YoY, describing it as the company’s highest-ever quarterly pre-sales. For the same quarter, collections were ₹5,230 crore, up 18% YoY. On a quarter-on-quarter (QoQ) basis, collections rose 46.91% as construction activity ramped up, according to the company’s update.

The operational numbers matter for real estate developers because pre-sales can indicate demand and pricing power, while collections reflect the pace at which sales convert into cash. In Lodha’s case, the quarter combined record pre-sales with a sharp sequential pickup in collections.

Full-year FY26: Revenue up 21.02%, profit up 24.01%

For FY26, Lodha said revenue grew 21.02% to ₹16,676.2 crore and profit increased 24.01% to ₹3,428.2 crore, with the performance “driven by pre-sales.” Separately, the audited results text included in the provided disclosure stated consolidated revenue of ₹166,762 million and consolidated net profit of ₹34,307 million for the year ended March 31, 2026. Normalised to ₹ crore, this equals revenue of ₹16,676.2 crore and net profit of ₹3,430.7 crore.

On the operating side, Lodha reported FY26 pre-sales of ₹20,530 crore, up 16% YoY. FY26 collections were ₹15,160 crore, up 5% YoY. These figures were presented as part of the company’s full-year operational and financial update.

Guidance context: March deferrals linked to West Asia conflict

In a separate operational update included in the provided text, Lodha said it missed its FY26 pre-sales guidance due to select deferral of sales in March linked to the Iran war. The company indicated pre-sales were ₹4.7 billion below guidance, which normalises to about ₹470 crore. The same update reiterated quarterly pre-sales of ₹58.9 billion for Q4 FY26 and full-year pre-sales of ₹205.3 billion for FY26.

The disclosure frames the missed guidance as a timing impact rather than a full-year demand collapse. However, the company’s statement, as provided, limits detail to the fact of deferrals and the amount below guidance.

Sequential trends: Revenue and profit improved

The company also disclosed sequential movements for Q4 FY26. It said revenue grew by 87 basis points sequentially, while profit grew 5.32% sequentially. These sequential data points were presented alongside YoY growth and the record pre-sales disclosure.

Dividend recommendation and key board actions

Lodha’s board recommended a final dividend of ₹4.25 per equity share of face value ₹10 each for FY26, described as 42.5%. The dividend is subject to shareholder approval at the upcoming 31st Annual General Meeting, as stated in the disclosure.

The company also announced leadership and board updates in the audited results note included in the provided text. This included the re-appointment of Mr. Lee Polisano, appointment of Mr. Akhil Gupta as an Independent Director, and the elevation of Mr. Satish Shenoy to the senior management team.

Stock close and balance sheet datapoint disclosed

On the day referenced in the provided report, Lodha’s shares closed at ₹840.95 on the BSE. The audited results note also stated a Net Debt Equity Ratio of 0.24, pointing to a relatively low leverage metric as disclosed.

Investor communication: Conference call on April 27

Lodha said it scheduled an analysts and investors conference call for April 27, 2026 at 11:00 AM IST to discuss Q4 FY26 and full-year FY26 results. The announcement was made via a regulatory filing dated April 21, 2026, pursuant to Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements. The company also provided dial-in details and noted that pre-registration is required.

Key numbers table

Why this matters for real estate investors

The quarter combined three datapoints that equity investors track closely for developers: revenue growth, profitability, and cash collections. Lodha’s Q4 FY26 profit and revenue both exceeded the Bloomberg poll estimates provided in the report, which can influence near-term sentiment around execution. The record pre-sales number strengthens the narrative that demand held up through the quarter, even as the company later referenced selective March deferrals.

At the same time, the FY26 disclosures highlight that pre-sales growth (16% YoY) outpaced collections growth (5% YoY) for the full year, based on the numbers provided. The company’s stated net debt equity ratio of 0.24 and the dividend recommendation of ₹4.25 per share add two more reference points for investors assessing balance sheet positioning and shareholder returns.

Conclusion

Lodha Developers reported Q4 FY26 net profit of ₹1,007.9 crore and revenue of ₹4,713.5 crore, supported by record quarterly pre-sales and higher collections. For FY26, the company reported revenue of ₹16,676.2 crore and profit of ₹3,428.2 crore, alongside a recommended final dividend of ₹4.25 per share. The next scheduled milestone disclosed is the analysts and investors conference call on April 27, 2026, with the dividend proposal awaiting shareholder approval at the 31st AGM.