Lodha Group Achieves Best Ever Quarter Pre-Sales

New Delhi, January 6, 2025: Real estate developer Lodha Group has achieved its best ever quarter pre-sales of ₹45.1bn, showing 32 per cent YoY growth. With this Lodha has achieved pre-sales of ₹128.2bn in the first nine months of FY25 (9mFY25) showing 25 per cent YoY growth. The information comes from the disclosure pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. Lodha Group collections were ₹42.9bn for Q3FY25 showing a growth of 66 per cent YoY.

The group added one new project in Bengaluru with Gross Development Value (GDV) of ₹28bn. With this Lodha now has five locations in Bengaluru. These are expected to provide opportunity for significant pre-sales growth in Bengaluru from next FY onwards.

With this, Lodha has added 8 new projects in 9mFY25 with ₹195bn of GDV across MMR, Bengaluru and Pune, thus achieving 90+ per cent of their full year guidance. During the quarter, the Lodha Group also acquired approximately 33 acres of land for digital infrastructure (warehousing and industrial) business in the NCR. It also entered into an agreement with a JV partner to further increase stake in the rental income (PropCo) from the digital infrastructure platform. This is in line with the Lodha Group strategy for calibrated growth in our annuity income thus de-risking the development business.

On the back of strong collections, the Lodha Group’s net debt reduced by ₹6.1bn to ₹43.2bn, well below the ceiling of 0.5x Net Debt/Equity.