Realty firm Lodha Developers Ltd (formerly known as Macrotech Developers Ltd) on Friday (April 24) reported a 9.35% year-on-year increase in net profit to ₹1,007.9 crore for the fourth quarter, compared with ₹922 crore in the same period last year.
The company reported profit after tax of ₹3,431 crore for FY26, up 24% year-on-year. PAT margin improved to 20.0% from 19.5% in the previous year.
Revenue rose 11.6% year-on-year to ₹4,713.5 crore from ₹4,224.3 crore, while EBITDA increased 15.7% to ₹1,412.6 crore from ₹1,220.7 crore. EBITDA margin improved to 30% from 29% on a year-on-year basis.
During the year, the company added 12 projects with a gross development value of around ₹60,000 crore across MMR, Pune, Bengaluru and NCR, at 2.4 times its annual guidance. Entry into the NCR market expands its presence in India’s second-largest housing market.
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As of April 1, 2026, the company had saleable GDV of ₹2,00,000 crore, excluding township land bank earmarked for development beyond five years. The company expects lower business development investments over the next 24 months and an increase in free cash flow.
The company signed an MoU with the Government of Maharashtra to develop a green data centre park in Palava over about 400 acres. It plans to build 1 GW of data centre capacity on a built-to-suit basis over around 100 acres, aimed at generating rental income.
The Palava landholding of over 4,000 acres is expected to see value accretion from such initiatives and improved connectivity infrastructure. The data centre, along with retail, warehousing and select office developments, is expected to increase annuity income tenfold over the next six years.
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Net debt declined by around ₹800 crore to ₹5,377 crore during the quarter, supported by collections. Net debt to equity stood at 0.23x, below the ceiling of 0.5x. Exit cost of debt for Q4 FY26 was 7.8%, down 10 basis points sequentially.
Lodha Developers has recommended a final dividend of ₹4.25 per equity share of face value ₹10 each, equivalent to 42.5%, for the financial year ended March 31, 2026. The dividend will be paid to shareholders as on the record date to be determined, subject to approval at the upcoming 31st Annual General Meeting.
Lodha Developers has approved the re-appointment of Lee Polisano as an Independent Director for a second term of five consecutive years from July 30, 2026, to July 29, 2031, based on the recommendation of the Nomination and Remuneration Committee, subject to shareholder approval.
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The company has also approved the appointment of Akhil Gupta as an Additional Non-Executive Independent Director for a term of five consecutive years from April 24, 2026, to April 23, 2031, subject to approval of members. Additionally, Lodha Developers has designated Satish Shenoy, Chief Operating Officer – Construction Management, as Senior Management Personnel with effect from April 24, 2026.
Abhishek Lodha, MD and CEO, Lodha Developers Ltd, said, “We are pleased to deliver record profitability for FY26. Our focus on profitable growth and long-term value creation with low leverage has enabled us to scale up our business
significantly over the last few years.
What is heartening is that this performance has come through despite multiple geopolitical headwinds in the last 12 months, reaffirming the resilience of housing demand from the top brands.
This is the first time that we have achieved more than ₹ 20,000 crores of pre-sales for the year, and yet, our market share is only 3.5% (in value terms) out of the primary housing sales in the Top 6 cities in India, indicating a long growth runway ahead.”
Shares of Lodha Developers Ltd ended at ₹846.00, down by ₹10.15, or 1.19%, on the BSE.