Lodha Developers Limited (formerly Macrotech Developers Limited) has released its investor presentation for the quarter and nine months ended December 31, 2025. The company reported its best-ever quarterly performance with pre-sales of ₹56.2 billion, a 25% year-on-year increase. For the nine months of FY26, pre-sales reached ₹146.4 billion. The company added five new projects across MMR, NCR, and Bengaluru in Q3FY26, with a Gross Development Value (GDV) of ₹338 billion. Notably, Lodha entered the NCR market by tying up two projects with a GDV of ₹33 billion using a capital-light approach. Business development in the first nine months of FY26 stood at ₹588 billion, significantly exceeding the annual guidance of ₹250 billion. Lodha highlighted three distinct growth drivers: consistent 20% annual growth in housing sales driven by market consolidation and expansion in MMR, Pune, Bengaluru, and NCR; unlocking significant value from a data center opportunity with 3 GW power and anchor clients like AWS and STT; and building recurring/annuity income, targeting ₹15 billion by FY31 from warehousing, industrial assets, and property management. Financially, the company maintained a strong profile with an adjusted EBITDA margin of over 30% and a pro-forma Return on Equity (RoE) of approximately 20% for FY25. Net debt stood at ₹61.7 billion as of December 2025, with a Net Debt to Equity ratio of 0.28x, well below the company's ceiling of 0.5x. The company also announced a dividend of ₹4.25 per share for FY25, a 90% increase from FY24. Lodha provided guidance for FY26, projecting pre-sales of ₹210 billion and operating cash flow of ₹77 billion. The company anticipates robust launches in Q4FY26, with an estimated GDV of ₹128.2 billion across 12 projects. The presentation also detailed the company's strategic initiatives, including its 'supermarket' strategy in MMR, Pune, and Bengaluru, and its pilot phase in the NCR market with a dedicated local team led by CEO Mr. Amandeep Singh.
