Lodha Developers Ltd.
LODHAConsumer Discretionary filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
22 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 22 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20210521 | 2021-03-31 | yes | |
| TRANSCRIPT | 20210803 | 2021-06-30 | yes | |
| TRANSCRIPT | 20211027 | 2021-09-30 | yes | |
| TRANSCRIPT | 20220131 | 2021-12-31 | yes | |
| TRANSCRIPT | 20220429 | 2022-03-31 | yes | |
| TRANSCRIPT | 20220801 | 2022-06-30 | yes | |
| TRANSCRIPT | 20221108 | 2022-09-30 | yes | |
| TRANSCRIPT | 20230131 | 2022-12-31 | yes | |
| TRANSCRIPT | 20230427 | 2023-03-31 | yes | |
| TRANSCRIPT | 20230802 | 2023-06-30 | yes | |
| TRANSCRIPT | 20231103 | 2023-09-30 | yes | |
| TRANSCRIPT | 20240201 | 2023-12-31 | yes | |
| TRANSCRIPT | 20240430 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240806 | 2024-06-30 | yes | |
| TRANSCRIPT | 20241030 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250130 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250430 | 2025-03-31 | yes | |
| TRANSCRIPT | 20250801 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251104 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260203 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260430 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260730 | 2026-06-30 | yes |
LODHA
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
The closes are adjusted for every split and bonus on record inside the period this series covers, and each adjustment is checked against the price move on its ex-date.
| Last close | 1,158.00 |
| 52-week range | 677.0 – 1316.35 |
| Return 1M | -9.61% |
| Return 3M | 22.22% |
| Return 1Y | -1.81% |
| Return 3Y | 52.38% |
| Return 5Y | 118.08% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 4,997.00 |
| Other income | 100.00 |
| Total income | 5,097.00 |
| Cost of materials consumed | 2,542.00 |
| Purchases of stock-in-trade | 0.00 |
| Changes in inventories | 0.00 |
| Employee benefit expense | 184.00 |
| Finance costs | 179.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.70 | -0.02 |
| institutions foreign | 0.24 | 0.02 |
| institutions domestic | 0.04 | -0.01 |
| mutual funds | 0.02 | -0.01 |
| public | 0.30 | 0.02 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| TRANSCRIPT | 2026-06-30 | 22 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,765.00 | 1,774.00 | 3,255.00 | 1,617.00 | 1,750.00 | 2,931.00 | 4,018.00 | 2,846.00 | 2,626.00 | 4,083.00 | 4,224.00 | 3,492.00 | 3,798.00 | 4,672.00 | 4,714.00 | 4,997.00 |
| Other income | -4.00 | 129.00 | 16.00 | 54.00 | 6.00 | 28.00 | 65.00 | 72.00 | 59.00 | 64.00 | 196.00 | 133.00 | 80.00 | 103.00 | 127.00 | 100.00 |
| Total income | 1,761.00 | 1,902.00 | 3,272.00 | 1,672.00 | 1,755.00 | 2,959.00 | 4,084.00 | 2,918.00 | 2,685.00 | 4,147.00 | 4,420.00 | 3,625.00 | 3,879.00 | 4,775.00 | 4,840.00 | 5,097.00 |
| Cost of materials consumed | 0.00 | 0.00 | 0.00 | 0.00 | 999.00 | 1,678.00 | 2,522.00 | 1,711.00 | 1,572.00 | 2,400.00 | 2,567.00 | 2,095.00 | 2,199.00 | 2,742.00 | 2,760.00 | 2,542.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 1,050.00 | 1,042.00 | 2,071.00 | 1,004.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee benefit expense | 110.00 | 114.00 | 103.00 | 119.00 | 115.00 | 117.00 | 120.00 | 140.00 | 140.00 | 131.00 | 132.00 | 152.00 | 171.00 | 172.00 | 164.00 | 184.00 |
| Finance costs | 125.00 | 118.00 | 117.00 | 124.00 | 123.00 | 117.00 | 116.00 | 117.00 | 136.00 | 144.00 | 152.00 | 148.00 | 156.00 | 185.00 | 167.00 | 179.00 |
| Depreciation and amortisation | 22.00 | 22.00 | 30.00 | 24.00 | 29.00 | 33.00 | 117.00 | 60.00 | 66.00 | 67.00 | 78.00 | 66.00 | 71.00 | 98.00 | 111.00 | 69.00 |
| Other expenses | 180.00 | 214.00 | 309.00 | 164.00 | 219.00 | 253.00 | 330.00 | 239.00 | 209.00 | 246.00 | 305.00 | 260.00 | 320.00 | 343.00 | 377.00 | 347.00 |
| Total expenses | 1,488.00 | 1,509.00 | 2,631.00 | 1,436.00 | 1,486.00 | 2,198.00 | 3,205.00 | 2,267.00 | 2,124.00 | 2,988.00 | 3,233.00 | 2,721.00 | 2,918.00 | 3,540.00 | 3,579.00 | 3,323.00 |
| Profit before exceptional items and tax | 273.00 | 393.00 | 641.00 | 236.00 | 269.00 | 761.00 | 879.00 | 651.00 | 560.00 | 1,158.00 | 1,187.00 | 904.00 | 961.00 | 1,236.00 | 1,262.00 | 1,774.00 |
| Exceptional items | -1,177.00 | 0.00 | 0.00 | 0.00 | 0.00 | -105.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | -904.00 | 393.00 | 641.00 | 236.00 | 269.00 | 656.00 | 879.00 | 651.00 | 560.00 | 1,158.00 | 1,187.00 | 904.00 | 961.00 | 1,236.00 | 1,262.00 | 1,774.00 |
| Current tax | 52.00 | 75.00 | 127.00 | 13.00 | 20.00 | 50.00 | 45.00 | 135.00 | 105.00 | 228.00 | 237.00 | 230.00 | 175.00 | 301.00 | 287.00 | 390.00 |
| Deferred tax | -25.00 | -87.00 | -235.00 | 42.00 | 42.00 | 94.00 | 166.00 | 40.00 | 31.00 | -15.00 | 27.00 | -2.00 | -4.00 | -16.00 | -31.00 | 13.00 |
| Tax expense | 27.00 | -12.00 | -108.00 | 56.00 | 62.00 | 144.00 | 212.00 | 175.00 | 137.00 | 214.00 | 264.00 | 228.00 | 171.00 | 285.00 | 256.00 | 403.00 |
| Profit for the period | -933.00 | 405.00 | 746.00 | 179.00 | 203.00 | 505.00 | 667.00 | 476.00 | 423.00 | 945.00 | 923.00 | 675.00 | 790.00 | 958.00 | 1,008.00 | 1,373.00 |
| Profit attributable to owners | -933.00 | 405.00 | 744.00 | 178.00 | 202.00 | 503.00 | 666.00 | 475.00 | 423.00 | 944.00 | 922.00 | 675.00 | 789.00 | 957.00 | 1,008.00 | 1,372.00 |
| Profit attributable to non-controlling interests | 0.00 | 0.00 | 2.00 | 1.00 | 1.00 | 2.00 | 2.00 | 1.00 | 0.00 | 0.00 | 1.00 | 0.00 | 1.00 | 1.00 | 0.00 | 1.00 |
| Other comprehensive income | -7.00 | 0.00 | 1.00 | -0.00 | -3.00 | 5.00 | 8.00 | -2.00 | -1.00 | 1.00 | -0.00 | -3.00 | 1.00 | 1.00 | 0.00 | -3.00 |
| Total comprehensive income | -940.00 | 405.00 | 747.00 | 179.00 | 200.00 | 510.00 | 675.00 | 474.00 | 422.00 | 945.00 | 922.00 | 672.00 | 790.00 | 959.00 | 1,008.00 | 1,370.00 |
| Earnings per share, basic | -19.53 | 8.40 | 15.45 | 1.85 | 2.09 | 5.22 | 6.84 | 4.78 | 4.25 | 9.48 | 9.26 | 6.76 | 7.90 | 9.59 | 10.09 | 13.73 |
| Earnings per share, diluted | -19.53 | 8.39 | 15.43 | 1.85 | 2.09 | 5.20 | 6.81 | 4.76 | 4.23 | 9.45 | 9.22 | 6.74 | 7.87 | 9.56 | 10.07 | 13.70 |
Annual results, as filed
| Line | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|
| Revenue from operations | 5,449.00 | 9,233.00 | 9,470.00 | 10,316.00 | 13,780.00 | 16,676.00 |
| Other income | 323.00 | 346.00 | 141.00 | 153.00 | 390.00 | 443.00 |
| Total income | 5,772.00 | 9,579.00 | 9,611.00 | 10,470.00 | 14,170.00 | 17,120.00 |
| Cost of materials consumed | 0.00 | 0.00 | 0.00 | 6,203.00 | 8,250.00 | 9,796.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 3,604.00 | 6,063.00 | 6,064.00 | 0.00 | 0.00 | 0.00 |
| Employee benefit expense | 286.00 | 354.00 | 424.00 | 471.00 | 543.00 | 659.00 |
| Finance costs | 1,126.00 | 680.00 | 479.00 | 480.00 | 550.00 | 657.00 |
| Depreciation and amortisation | 73.00 | 75.00 | 93.00 | 204.00 | 272.00 | 345.00 |
| Other expenses | 186.00 | 692.00 | 916.00 | 966.00 | 999.00 | 1,300.00 |
| Total expenses | 5,276.00 | 7,864.00 | 7,976.00 | 8,324.00 | 10,613.00 | 12,757.00 |
| Profit before exceptional items and tax | 496.00 | 1,716.00 | 1,635.00 | 2,145.00 | 3,557.00 | 4,362.00 |
| Exceptional items | -463.00 | 0.00 | -1,177.00 | -105.00 | 0.00 | 0.00 |
| Profit before tax | 33.00 | 1,716.00 | 458.00 | 2,040.00 | 3,557.00 | 4,362.00 |
| Current tax | 102.00 | 11.00 | 284.00 | 129.00 | 706.00 | 993.00 |
| Deferred tax | -117.00 | 497.00 | -321.00 | 345.00 | 83.00 | -53.00 |
| Tax expense | -15.00 | 508.00 | -37.00 | 473.00 | 789.00 | 941.00 |
| Profit for the period | 48.00 | 1,209.00 | 489.00 | 1,554.00 | 2,767.00 | 3,431.00 |
| Profit attributable to owners | 40.00 | 1,202.00 | 487.00 | 1,549.00 | 2,764.00 | 3,428.00 |
| Profit attributable to non-controlling interests | 8.00 | 6.00 | 3.00 | 5.00 | 2.00 | 2.00 |
| Other comprehensive income | 6.00 | -1.00 | -16.00 | 9.00 | -2.00 | -1.00 |
| Total comprehensive income | 54.00 | 1,208.00 | 474.00 | 1,563.00 | 2,764.00 | 3,430.00 |
| Earnings per share, basic | 1.01 | 26.28 | 10.10 | 16.03 | 27.76 | 34.34 |
| Earnings per share, diluted | 1.01 | 26.25 | 10.09 | 15.99 | 27.67 | 34.25 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total assets | 37,323.00 | 39,155.00 | 41,022.00 | 47,225.00 | 47,385.00 | 49,841.00 | 53,573.00 | 58,937.00 |
| Non-current assets | 3,388.00 | 3,405.00 | 3,319.00 | 2,668.00 | 2,164.00 | 2,895.00 | 4,374.00 | 4,516.00 |
| Current assets | 33,935.00 | 35,750.00 | 37,702.00 | 44,558.00 | 45,220.00 | 46,946.00 | 49,199.00 | 54,420.00 |
| Property, plant and equipment | 1,134.00 | 1,143.00 | 1,182.00 | 571.00 | 608.00 | 617.00 | 1,016.00 | 970.00 |
| Capital work-in-progress | 0.00 | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 256.00 |
| Goodwill | 534.00 | 530.00 | 530.00 | 452.00 | 396.00 | 340.00 | 282.00 | 213.00 |
| Other intangible assets | 0.00 | 0.00 | 2.00 | 3.00 | 8.00 | 13.00 | 14.00 | 6.00 |
| Inventories | 28,017.00 | 30,117.00 | 31,145.00 | 33,993.00 | 35,529.00 | 36,476.00 | 36,379.00 | 40,254.00 |
| Trade receivables | 590.00 | 739.00 | 683.00 | 800.00 | 668.00 | 776.00 | 856.00 | 1,472.00 |
| Cash and cash equivalents | 1,028.00 | 1,311.00 | 1,131.00 | 1,827.00 | 864.00 | 934.00 | 1,374.00 | 2,703.00 |
| Total equity and liabilities | 37,323.00 | 39,155.00 | 41,022.00 | 47,225.00 | 47,385.00 | 49,841.00 | 53,573.00 | 58,937.00 |
| Equity | 11,526.00 | 12,722.00 | 13,050.00 | 17,534.00 | 18,250.00 | 20,245.00 | 21,344.00 | 23,429.00 |
| Equity share capital | 482.00 | 482.00 | 964.00 | 994.00 | 995.00 | 998.00 | 998.00 | 999.00 |
| Other equity | 10,987.00 | 12,181.00 | 12,024.00 | 16,475.00 | 17,189.00 | 19,180.00 | 20,277.00 | 22,287.00 |
| Total liabilities | 25,797.00 | 26,433.00 | 27,972.00 | 29,691.00 | 29,135.00 | 29,596.00 | 32,229.00 | 35,507.00 |
| Non-current liabilities | 3,341.00 | 2,574.00 | 3,078.00 | 2,264.00 | 2,171.00 | 1,780.00 | 5,319.00 | 4,401.00 |
| Current liabilities | 22,456.00 | 23,859.00 | 24,893.00 | 27,427.00 | 26,964.00 | 27,816.00 | 26,910.00 | 31,107.00 |
| Borrowings, non-current | 2,873.00 | 2,257.00 | 2,604.00 | 1,970.00 | 1,763.00 | 1,216.00 | 4,755.00 | 3,716.00 |
| Borrowings, current | 7,575.00 | 6,792.00 | 6,116.00 | 5,710.00 | 6,210.00 | 5,864.00 | 4,861.00 | 6,168.00 |
| Trade payables | 1,484.00 | 1,966.00 | 2,134.00 | 2,531.00 | 2,670.00 | 2,936.00 | 2,989.00 | 3,403.00 |
Cash flow, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 1,083.00 | 2,750.00 | 1,109.00 | 2,512.00 | -424.00 | 1,566.00 | -515.00 | 959.00 |
| Net cash from investing activities | 1,246.00 | 1,778.00 | -526.00 | -2,947.00 | 661.00 | -90.00 | -804.00 | -780.00 |
| Net cash from financing activities | -1,789.00 | -3,705.00 | -762.00 | 951.00 | -1,336.00 | -2,506.00 | 1,759.00 | 1,589.00 |
| Purchase of property, plant and equipment | 47.00 | 90.00 | 79.00 | 170.00 | 222.00 | 474.00 | 110.00 | 250.00 |
| Net increase in cash | 540.00 | 822.00 | -180.00 | 516.00 | -1,099.00 | -1,030.00 | 440.00 | 1,768.00 |
| con:CFO.BEFORE_TAX | 1,172.00 | 2,961.00 | 1,081.00 | 2,536.00 | -197.00 | 2,180.00 | -236.00 | 1,897.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 89.00 | 211.00 | -28.00 | 24.00 | 227.00 | 614.00 | 279.00 | 938.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 329.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 359.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 15.00 | 15.00 | 0.00 | 4.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-07 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 74.96 | 74.93 | 74.92 | 72.67 | 72.16 | 72.13 | 72.11 | 71.98 | 71.94 | 71.90 | 0.72 | 0.72 | 0.72 | 0.70 |
| Domestic institutions | 4.09 | 3.62 | 3.20 | 3.32 | 3.32 | 2.97 | 2.78 | 2.64 | 2.36 | 2.20 | 0.03 | 0.03 | 0.05 | 0.04 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 0.77 | 0.02 | 0.02 | 0.03 | 0.02 |
| Insurance companies | 2.81 | 2.42 | 2.57 | 2.71 | 2.81 | 2.43 | 2.24 | 1.92 | 1.62 | 1.42 | 0.01 | 0.01 | 0.01 | 0.02 |
| Foreign institutions | 19.83 | 20.52 | 21.09 | 23.25 | 23.79 | 24.18 | 24.20 | 24.45 | 24.65 | 24.89 | 0.24 | 0.23 | 0.21 | 0.24 |
| Government | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Public | 25.04 | 25.07 | 25.08 | 27.33 | 27.84 | 27.87 | 27.89 | 28.02 | 28.06 | 28.10 | 0.28 | 0.28 | 0.28 | 0.30 |
| Non-institutional | 1.12 | 0.93 | 0.78 | 0.76 | 0.73 | 0.73 | 0.91 | 0.93 | 1.05 | 1.01 | 0.01 | 0.01 | 0.02 | 0.02 |
| Shares outstanding | 963955282 | 964370053 | 964469204 | 994420185 | 994456213 | 994944438 | 995240453 | 996936802 | 997568861 | 998043847 | 998489289 | 998747143 | 998915116 | 999094419 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Cowtown Infotech Services Pvt. Ltd. | Wholly Owned Subsidiary | Any other transaction, Interest paid, Interest recei | 10,199,620,000.00 | 5 |
| Pleasant Investments Management LLP | Fellow Subsidiary of Holding Compa | Any other transaction | 4,762,000,000.00 | 1 |
| Brickmart Constructions and Dev. Pvt. Ltd. | Wholly Owned Subsidiary | Any other transaction | 4,147,960,000.00 | 1 |
| G Corp Homes Pvt. Ltd. | Wholly Owned Subsidiary | Any other transaction, Interest paid | 3,120,110,000.00 | 6 |
| V Hotels Limited | Wholly Owned Subsidiary | Any other transaction, Interest received | 1,434,520,000.00 | 5 |
| G Corp Homes Pvt Ltd | Fellow Subsidary | Any other transaction | 800,570,000.00 | 2 |
| Goel Ganaga Ventures Pvt Ltd | Wholly Owned Subsidiary | Any other transaction | 621,540,000.00 | 1 |
| Cowtown Software Design Pvt. Ltd. | Wholly Owned Subsidiary | Any other transaction | 594,830,000.00 | 4 |
| V Hotels Ltd. | Wholly Owned Subsidiary | Any other transaction | 202,710,000.00 | 1 |
| Bellissimo Digital Infrastructure Development Management Pvt | Joint Venture | Any other transaction | 197,240,000.00 | 2 |
| Palava City Management Pvt. Ltd. | Wholly Owned Subsidiary | Any other transaction | 155,930,000.00 | 3 |
| National Standard (India) Ltd. | Subsidiary | Any other transaction, Interest paid | 149,110,000.00 | 3 |
| One Box Warehouse Pvt. Ltd. | Wholly Owned Subsidiary | Any other transaction | 132,500,000.00 | 1 |
| Odeon Construction and Devlopment Pvt Ltd | Subsidary of Holding Company | Any other transaction | 111,700,000.00 | 1 |
| Sitaben Shah Memorial Trust | Other Relation | Any other transaction | 100,000,000.00 | 1 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-07-30 | Q1FY27 | Read the call | |
| 2026-04-30 | Q4FY26 | Read the call | |
| 2026-02-03 | Q3FY26 | Developers Limited | Read the call |
| 2025-11-04 | Q2FY26 | Read the call | |
| 2025-08-01 | Q1FY26 | Read the call | |
| 2025-04-30 | Q4FY25 | Read the call | |
| 2025-01-30 | Q3FY25 | MACROTECH DEVELOPERS LIMITED | Read the call |
| 2024-10-30 | Q2FY25 | CHIEF EXECUTIVE OFFICER;, OFFICER; | Read the call |
| 2024-08-06 | Q1FY25 | EXECUTIVE, LIMITED, MACROTECH, MACROTECH DEVELOPERS LIMITED | Read the call |
| 2024-04-30 | Q4FY24 | CHIEF, DEVELOPERS LIMITED, MACROTECH DEVELOPERS LIMITED, OFFICER,, OFFICER, MACROTECH DEVE | Read the call |
| 2024-02-01 | Q3FY24 | Read the call | |
| 2023-11-03 | Q2FY24 | Read the call | |
| 2023-08-02 | Q1FY24 | MACROTECH DEVELOPERS LIMITED | Read the call |
| 2023-04-27 | Q4FY23 | LIMITED | Read the call |
| 2023-01-31 | Q3FY23 | CHIEF, MACROTECH | Read the call |
| 2022-11-08 | Q2FY23 | EXECUTIVE, LIMITED, MACROTECH, RENTAL | Read the call |
| 2022-08-01 | Q1FY23 | BROKING LIMITED | Read the call |
| 2022-04-29 | Q4FY22 | BROKING LTD., LIMITED, MR. RAJESH AGRAWAL, PRESIDENT- | Read the call |
| 2022-01-31 | Q3FY22 | LODHA GROUP, RELATIONS – LODHA GROUP | Read the call |
| 2021-10-27 | Q2FY22 | CHIEF, MACROTECH | Read the call |
| 2021-08-03 | Q1FY22 | Read the call | |
| 2021-05-21 | Q4FY21 | Read the call |
What they said about it, quarter by quarter
| Topic | Q3FY25 | Q3FY26 | Q4FY21 | Q4FY22 | Q4FY23 | Q4FY24 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capex | — | So potentially, clients today can see a capex reduction in setting up a data center by up to 15%. | Going forward our priority would be capital efficient growth as I mentioned earlier the highest and most important focus is moving towards becoming a … | — | Private capex in India has also started Macrotech Developers Limited April 24, 2023 looking positive. | — | So just taking into account the slowdown in the economy that one saw on the back of the capex slowdown plus the certain banking and regulatory slowdow… | Or we will be pulling back on capex to an extent because we've already done a lot of BDs and hence, the capex need in the incremental years in FY '27,… |
| Capital allocation | — | — | — | — | With that, the entire repatriation from the UK will be complete and we will divest our equity ownership in the UK subsidiaries, in the UK companies, a… | As the new projects get acquired, it will take about nine to 12 months after acquisition for those projects to start getting to the launch phase and t… | — | In terms of the new launches for the year, these are all launches where the land acquisition was completed in the last fiscal or before that. |
| Costs | — | — | We are cognizant about some of the commodities which are leading to cost pressure and parts of the construction cycle. | And secondly, do we maintain some level of inventory, to other projects, let's say three months, six months, and so that we are prepared on mitigating… | And for that, the right raw material, i.e. land which is clean and buildable in a reasonably quick time frame is very important for us. | — | — | — |
| Debt and cash | In spite of the significant investment in the first 9 months in business development, both for sale business as well as for digital infrastructure, ou… | Having said that, our focus will remain on generating higher cash flow and even further strengthening our balance sheet, because we, as I mentioned in… | In the first wave as most of you are aware, it was very sudden, very abrupt and there was a complete shutdown whether sales, construction, cash flows,… | So overall from an MDL perspective, this will largely entail the injection of assets, into the platform from time to time and therefore the balance sh… | Over the last two years, after our tepid listing, we saw good recovery, two capital raises, a primary and a secondary, significant debt repayment, str… | As you are aware, our net debt now stands at about Rs.3,000 crores, taking into account the impact of this QIP, which is at less than 0.2 times of equ… | In spite of these substantial investments, both in business development as well as in annuity income, our net debt further reduced during the quarter … | Is it going to be more operating cash flow driven? |
| Demand | All this makes us confident of good growth being delivered at the economy level, which will in turn translate into job creation and continue to fuel d… | So of course, because of all of this, we started seeing even more significant demand both for, what Abhishek said, land, powered land, or a build-to-s… | In terms of sales, there definitely was pent up and pending demand from the last quarter when consumers had already visited and that was beneficial to… | My first question is with respect to the launch pipeline. | We continue to see strong momentum in potential deals available by the way of JDAs or joint development and demand which is strong enough to keep util… | Both on JDAs as well as on outright, we continue to see a steady and strong pipeline of new projects coming in. | We, of course, have a very clear and visible pipeline of launches for the coming fiscal also. | Just on the launch pipeline of FY '27, INR218 billion, 5 new projects, about 14 new phases for existing projects. |
| Guidance | On an aggregate basis, at the end of third quarters, we've delivered sales of about INR12,800 crores, showing a 25% Y-o-Y growth, and this puts us in … | And we expect that this consolidation in the marketplace of the better-quality product and the best brands winning out is likely to continue. | We expect that the impact of this two month April and May slowdown will be passing and the sales which have not accrued in this period will come throu… | So that sort of scenario may happen till this element, geopolitical tension will continue part of it and going forward, we'll have to see the timeline… | In addition, as you are aware, we are in our pilot phase in Bangalore and we expect to have two launches in the course of fiscal 24 in Bangalore. | Now, diving a little bit further into our Company’s Performance for Fiscal ‘24 and our Outlook for Fiscal ‘25: Fiscal ‘24, our focus has always remain… | As a consequence of the interest rate cuts, we expect there to be a significant uplift in the purchasing power for the mid-income housing segment. | I just wanted to better understand this guidance on moving to gross debt zero and prioritizing free cash flows. |
| Margin | The embedded EBITDA for this quarter came in at about 35%. | And hopefully, that is margin enhancing. | 1250 Crores and we have adjusted EBITDA margins of 37%. | So I think there in the slide itself, if you really see, which we have indicated, the effective margin that we are talking on these projects are aroun… | However, we are also, as you are aware, reporting the embedded EBITDA of the sales done in each quarter and we have also presented the pro forma P&L f… | The embedded EBITDA margin for our business was at about 31% and this 31% has been achieved this quarter in spite of the fact that we had a higher con… | And this level of EBITDA has come in where the joint developments have contributed about 40% of our presales, which is in line with our long-term stra… | We think that the underlying health, which comes from a contribution of margin growth as well as presales growth, ultimately leading to a delivered pr… |
| People | January 27, 2025 We are also enthused by the green shoots visible as far as hiring in IT companies is concerned. | — | — | — | IT hiring at the aggregate level has remained in a positive territory, though of course at a much lower level than in the years right after COVID. | — | — | The other aspect which people have spoken about is labour attrition. |
| Pricing | And what is the pricing at the upper end here versus the standard product? | First one, Abhishek, an often-asked question these days has been that as you're looking at some cool off in the pace of price increase in the sector, … | Secondly, just wanted to know your thoughts on when the incremental pricing benefit that you are seeing, does it start translating to higher land pric… | Some extent, economy of scale matters, but beyond a point it should be similar to other people as well, an impact or the adversities will be -- or the… | So eventually, almost a 15% increase in the walk-ins and 11% increase in the conversion and the balance increase coming from the price increase that w… | April 25, 2024 We did our second successful launch in Bengaluru, both in terms of volume as well as in terms of pricing, the launches were far ahead o… | So hopefully, like Abhishek talked about getting an increase of 20% in presales next year, we hope to get about 6% increase in walk-ins, about 6% incr… | — |
| Revenue growth | — | — | We see in both these projects while the structures are different approximately 20% of the topline will be a margin for Lodha and we believe that these… | It also makes potential home buyers, make their purchase decision earlier because Macrotech Developers Limited April 27, 2022 they know that in the fu… | As per a survey conducted by Aon, a leading HR consultancy firm, India Inc. is likely to deliver salary growth of about 10%. | — | As an example, in the western suburbs of Mumbai, we achieved presales of INR25 billion in FY '25 as compared to INR10 billion in FY '24, which is a gr… | — |
What they said they would do
Sentences in which management set an expectation. Each names the speaker and the page of the transcript it came from.
| Date | Quarter | Who | What they said |
|---|---|---|---|
| 2022-01-31 | Q3FY22 | LODHA GROUP | Subject to nothing further going wrong from here we see no impact to our full year guidance for presales and continue to guide towards Rs.9000 Crores |
| 2022-01-31 | Q3FY22 | LODHA GROUP | For a full year we expect the portfolio to have a price growth in the range of about 6% which we believe will lead to demand continuing to strengthen because as prices move up at a moderate pace, the desire for home ownership gets expedited and we start seeing and have started seeing better conversion levels. |
| 2022-01-31 | Q3FY22 | LODHA GROUP | Our interest cost in the current quarter will be approximately around Rs.300 Crores and we expect to further moderate that to about Rs.800 Crores for the full year in the next fiscal. |
| 2022-01-31 | Q3FY22 | LODHA GROUP | As you know in our company historically the ratio of pre sales to collections has been at 100% or better and we expect that to continue. |
| 2022-01-31 | Q3FY22 | LODHA GROUP | As indicated earlier Lincoln Square is on track to be fully sold out in the next one to two quarters, Grosvenor Square has sold nearly £300 million in the last four months and will likely sell out over the next four to six quarters and therefore the repatriation of capital to India will begin in fiscal FY2023 itself and we expect the entire capital invested in the UK to be repatriated back to India in the next four to six quarters. |
| 2022-01-31 | Q3FY22 | LODHA GROUP | In answering your questions, I am just taking up the data on your first question, answering in terms of the second question we had budgeted about 2800 Crores of construction spend for the full year with the impact of the second wave of COVID in April and May and the modest impact of the third wave of COVID we expect that for the full year the number will now end up at closer to 2450, 2500 Crores so about 400 Crores lower than it would otherwise have been on account of these impacts of COVID. |
| 2022-01-31 | Q3FY22 | LODHA GROUP | Yes, so given where we are in terms of our debt as well as the cost of debt we expect to spend approximately 300 Crores it could be plus, minus 5% but approximately 300 Crores for this quarter and then for the next year full year we are estimating it at about 800 Crores for the full year again plus, minus 5%. |
| 2022-01-31 | Q3FY22 | LODHA GROUP | Venkat our guidance is at a corporate level and as we have already mentioned we will sort of brought our debt below 10000 Crores which was guided in addition to that you will have to recognize that the QIP money is something which is going towards investment so while it is held with us for an interim period of time it will keep getting invested over into new project so it is not debt reduction capital. |
| 2022-01-31 | Q3FY22 | LODHA GROUP | In terms of the pace of singing the JDAs obviously we have raised the QIP subsequent to that initial guidance of two JDAs a quarter we were able to deploy the entire capital of 375 Crores that we raised in the IPO by early October and subsequently we have used the capital from the QIP to further do JDAs. |
| 2022-01-31 | Q3FY22 | LODHA GROUP | As per our current guidance as I had mentioned earlier in this call we expect to invest about Rs.300 to Rs.400 Crores a quarter towards JDAs and it could be anywhere from three to four transactions a quarter. |
| 2022-01-31 | Q3FY22 | LODHA GROUP | Our guidance for the current fiscal is 9000 Crores of pre sales I just wanted to sort of make sure the number of the sales not 8000 it is 9000 in terms of our guidance for the next fiscal we are now in the process of working through it we will give a detailed update on that in the next quarterly presentation. |
| 2023-08-02 | Q1FY24 | MACROTECH DEVELOPERS LIMITED | Of course, this optimized mix of JDAs which we are now approaching our target goal of 40% of that is coming from the JDAs and 60% from own land means that our ROEs are on an upward trajectory, and we expect to be approaching our goal of 20% ROE by the end of the current fiscal or in the next year. |