Sri Lotus Developers Records ₹224 Crore Revenue in Q3 FY26 as New Launches & GIFT City Entry Drive Growth

Anand K Pandit, Chairman & Managing Director, Sri Lotus Developers & Realty Limited

Mumbai, February 11, 2026: Sri Lotus Developers & Realty Limited reported unaudited revenue of INR 224 crore for the third quarter of FY26, driven by strong pre-sales, new project launches and continued demand across Mumbai’s luxury and ultra-luxury residential market. The company announced its unaudited financial results for the quarter and nine months ended December 31, 2025.

For the quarter ended December 31, 2025, the company recorded EBITDA of INR 79 crore and profit after tax (PAT) of INR 70 crore. Pre-sales for the quarter stood at INR 376 crore, registering a growth of 247 per cent year-on-year, while collections amounted to INR 119 crore.

For the nine months ended December 2025, total revenue stood at INR 461 crore, EBITDA at INR 159 crore and profit after tax at INR 142 crore. Pre-sales for the period increased 117 per cent year-on-year to INR 695 crore, with collections of INR 294 crore.

Commenting on the result, Anand K Pandit, Chairman & Managing Director, Sri Lotus Developers & Realty Limited said, “Our strong performance in the third quarter reflects the continued strength of our brand, sustained demand for our product, and a robust new project development pipeline.”

During the quarter, the ultra-luxury real estate developer launched Project Varun in Bandra, which received a strong market response and generated INR 52 crore in pre-sales, with 19 per cent of inventory sold by December 2025. Recently launched projects including, The Arcadian and Lotus Amalfi, continued to scale up, achieving 34 per cent and 45 per cent pre-sales, respectively, within four months of launch, reflecting sustained demand in the company’s core micro-markets.

The company plans to launch Lotus Aquaria in Prabhadevi and Lotus Celestia in Versova in the fourth quarter of FY26. The company also added two new projects in January 2026, taking total project additions for the year to eight, with an aggregate GDV of INR 7,500–8,500 crore.

Development agreements have been executed for Lotus Portifino (Versova), Lotus Sky Plaza (Oshiwara), Lotus Odyssey (Bandra) and a mixed-use project in the GIFT City area, while societies at Lotus Avalon (Juhu), Lotus Imperial (Bandra), Lotus Upper Crest (Bandra) and Lotus Residency appointed Sri Lotus Developers as their preferred developer.

“A defining milestone was our strategic entry into GIFT City Area, India’s emerging global financial and business hub. Through a joint development agreement, we will be developing a landmark mixed-use project comprising premium retail, Grade-A commercial offices and high-end residential offerings. This project is expected to have a revenue potential of INR 2,000-2,200 crore,” he further said.

With a strong balance sheet, healthy cash position, proven execution capabilities and a robust business development pipeline, the company remains on track to achieve its pre-sales guidance of INR 1,100–1,300 crore in FY26.