Sri Lotus Developers Hits Record ₹1,157 Crore Pre-Sales in FY26, Driven by Luxury Demand and Debt-Free Growth
Mumbai, May 13, 2026: Sri Lotus Developers & Realty Limited, a specialist in luxury and ultra-luxury residential and commercial projects, has reported an impressive financial performance for the fiscal year ending March 31, 2026. The company saw its pre-sales surge to ₹1,157 crore, marking a massive 137% year-on-year increase. This growth was accompanied by a robust revenue of ₹769 crore and a Profit After Tax (PAT) of ₹243 crore. Maintaining a net debt-free status, the developer has emerged as one of the most capital-efficient players in the Mumbai market, achieving industry-leading realizations of ₹69,000 per square foot, the company said in a press release.
The company’s strategic focus on high-end redevelopment and joint development projects in premium micro-markets like Bandra, Juhu, and Versova has fueled its recent momentum. In the final quarter of FY26 alone, pre-sales reached ₹462 crore, a 177% increase compared to the same period last year. A significant highlight was the launch of “Project Celestia” in Versova, which secured ₹155 crore in bookings within just seven days. Furthermore, the company expanded its future pipeline by adding nine new projects during the fiscal year, with a cumulative Gross Development Value (GDV) estimated between ₹8,500 crore and ₹9,000 crore.
In a move to prioritize long-term growth and reinvestment, the Board has approved a 50% dividend payout for FY26, though the Promoter Group has voluntarily waived its entitlement. These retained funds are slated for new project acquisitions and development. Looking forward, the company has issued an ambitious guidance for FY27, targeting pre-sales between ₹1,800 crore and ₹2,000 crore and anticipating a 55–60% growth in both revenue and profitability. The roadmap for the upcoming year includes the launch of six major projects with an estimated GDV of ₹5,000–5,500 crore.
Commenting on the milestone performance, Anand K. Pandit, Chairman & Managing Director of Sri Lotus Developers & Realty Limited, highlighted the quality of the company’s financial health. “FY26 was a very strong year for Lotus Developers, as we achieved our Pre-Sales guidance with bookings of Rs 1,157 crore, registering a strong 137% YoY growth, reflecting the resilience of demand in the luxury and ultra-luxury residential portfolio. Revenue for the year grew 40% YoY to Rs 769 crore, while EBITDA stood at Rs 281 crore with margins of 36.5%. PAT for FY26 came in at Rs 243 crore, translating into a healthy PAT margin of 31.6%,” Pandit stated.
He further elaborated on the brand’s differentiation and future outlook, noting, “What differentiates Lotus is not merely growth, but the quality of growth. We continue to operate with one of the strongest profitability profiles in the real estate industry, supported by healthy margins, strong return ratios, and a debt-free / net cash balance sheet. Our business model is built around capital discipline, strong project selection, premium micro-market positioning, and execution excellence. During Q4FY26, we launched Project Celestia in Versova, which witnessed strong traction with bookings of Rs 155 crore., despite a challenging global environment. Q4FY26 Pre-Sales stood at Rs 462 crore, with projects launched during FY26 contributing Rs 358 crore. We also launched our first-ever brand campaign, ‘Luxury Coastline Collection’, showcasing 11 landmark projects across Mumbai’s premium coastal locations. The campaign received an overwhelming response and further strengthened our positioning in the luxury real estate market. Looking ahead, FY27 is expected to be another strong year for the company. We plan to launch six projects with estimated GDV of ₹5,000–5,500 crore and are guiding for pre-sales of ₹1,800–2,000 crore. We also expect strong growth in revenue and profitability, supported by our launch pipeline, brand strength, and continued demand in the premium housing segment.”
