Lodha Developers Limited — quarter and year ended March 31, 2026 (reported on April 24, 2026)
Audited Consolidated Financial Results for the quarter and year ended 31st March, 2026 (₹ in million)
| Sr. No. | Particulars | Quarter ended 31-Mar-26 (Audited) (Refer Note 6) | Quarter ended 31-Dec-25 (Unaudited) | Quarter ended 31-Mar-25 (Audited) (Refer Note 6) | Year ended 31-Mar-26 (Audited) | Year ended 31-Mar-25 (Audited) |
|---|---|---|---|---|---|---|
| 1 | Income | |||||
| a) | Revenue From Operations | 47,135 | 46,725 | 42,243 | 166,762 | 137,795 |
| b) | Other Income | 1,270 | 1,029 | 1,960 | 4,433 | 3,903 |
| Total Income | 48,405 | 47,754 | 44,203 | 171,195 | 141,698 | |
| 2 | Expenses | |||||
| a) | Cost of Projects | 27,598 | 27,425 | 25,672 | 97,964 | 82,496 |
| b) | Employee Benefits Expense | 1,638 | 1,719 | 1,316 | 6,587 | 5,433 |
| c) | Finance Costs | 1,674 | 1,850 | 1,517 | 6,567 | 5,495 |
| d) | Depreciation, Impairment and Amortisation Expense | 1,106 | 975 | 778 | 3,454 | 2,719 |
| e) | Other Expenses | 3,773 | 3,430 | 3,048 | 13,002 | 9,986 |
| Total Expenses | 35,789 | 35,399 | 32,331 | 127,574 | 106,129 | |
| 3 | Profit before Share of Profit in Associate and Joint Venture (1-2) | 12,616 | 12,355 | 11,872 | 43,621 | 35,569 |
| 4 | Share of Net Profit / (Loss) in Associates and Joint Venture | 23 | 76 | 71 | 92 | (14) |
| 5 | Profit before tax (3-4) | 12,639 | 12,431 | 11,865 | 43,713 | 35,555 |
| 6 | Tax credit/ (expense) for the period/year | |||||
| a) | Current Tax | (2,870) | (3,011) | (2,371) | (9,933) | (7,055) |
| b) | Deferred Tax | 312 | 157 | (266) | 527 | (834) |
| 7 | Net Profit for the period / year (5-6) | 10,081 | 9,577 | 9,228 | 34,307 | 27,666 |
| 8 | Other Comprehensive Income/ (Loss) | |||||
| A) | Items that will not be reclassified to Statement of Profit and Loss | 4 | 10 | (3) | (7) | (25) |
| Gain on Property Revaluation | 59 | – | – | 59 | – | |
| Re-measurement of defined benefit plans | (54) | 14 | (5) | (68) | (34) | |
| Income Tax effect | (1) | (4) | 2 | 2 | 9 | |
| B) | Items that will be reclassified to Statement of Profit and Loss | – | – | – | – | – |
| 9 | Total Comprehensive Income for the period / year (7+8) | 10,085 | 9,587 | 9,225 | 34,300 | 27,641 |
| 10 | Profit for the period / year attributable to: | |||||
| (i) | Owners of the Company | 10,079 | 9,569 | 9,217 | 34,282 | 27,643 |
| (ii) | Non-controlling Interest | 2 | 8 | 11 | 25 | 23 |
| 11 | Other Comprehensive Income / (Loss) for the period/ year attributable to: | |||||
| (i) | Owners of the Company | 4 | 10 | (3) | (7) | (25) |
| (ii) | Non-controlling Interest | – | – | – | – | – |
| 12 | Total Comprehensive Income for the period / year attributable to: | |||||
| (i) | Owners of the Company | 10,083 | 9,579 | 9,214 | 34,275 | 27,618 |
| (ii) | Non-controlling Interest | 2 | 8 | 11 | 25 | 23 |
| 13 | Paid-up Equity Share Capital | 9,989 | 9,988 | 9,976 | 9,989 | 9,976 |
| (Face Value of ₹ 10/- per share) | ||||||
| 14 | Other Equity (Excluding Revaluation Reserve) | 218,434 | 208,143 | 187,409 | 218,434 | 187,409 |
| 15 | Net Worth | 229,141 | 218,849 | 198,102 | 229,141 | 198,102 |
| 16 | Earnings Per Share (EPS) (amount in ₹) | |||||
| (not annualised except year end EPS) | ||||||
| Basic | 10.09 | 9.59 | 9.26 | 34.34 | 27.76 | |
| Diluted | 10.07 | 9.56 | 9.22 | 34.25 | 27.67 | |
| 17 | Current Ratio (Refer Note 4) | 1.75 | 1.88 | 1.69 | 1.75 | 1.69 |
| 18 | Long term Debt to Working Capital (Refer Note 4) | 0.16 | 0.19 | 0.06 | 0.16 | 0.06 |
| 19 | Current Liability Ratio (Refer Note 4) | 0.88 | 0.84 | 0.94 | 0.88 | 0.94 |
| 20 | Total Debts to Total Assets (Refer Note 4) | 0.17 | 0.18 | 0.14 | 0.17 | 0.14 |
| 21 | Debt Equity Ratio (Refer Note 4 |
Audited Consolidated Assets and Liabilities (₹ in million)
| Sr. No. | Particulars | As at 31-Mar-26 (Audited) | As at 31-Mar-25 (Audited) |
|---|---|---|---|
| A | ASSETS | ||
| 1) | Non-Current Assets | ||
| Property, Plant and Equipment | 9,696 | 6,170 | |
| Investment Property | 11,967 | 4,011 | |
| Investment Property Under Development | 2,558 | 8 | |
| Goodwill | 2,128 | 3,399 | |
| Intangible Assets | 61 | 90 | |
| Intangibles Under Development | 102 | 36 | |
| Investments accounted for using the Equity Method | 2,547 | 1,379 | |
| Financial Assets | |||
| Investments | 6,687 | 3,551 | |
| Loans | 755 | – | |
| Other Financial Assets | 4,193 | 5,937 | |
| Non-Current Tax Assets (Net) | 976 | 984 | |
| Deferred Tax Assets (Net) | 2,570 | 2,434 | |
| Other Non-Current Assets | 924 | 952 | |
| Total Non-Current Assets | 45,164 | 28,951 | |
| 2) | Current Assets | ||
| Inventories | 402,538 | 364,759 | |
| Financial Assets | |||
| Investments | 5,303 | 7,570 | |
| Loans | 27,901 | 18,427 | |
| Trade Receivables | 14,720 | 7,763 | |
| Cash and Cash Equivalents | 27,026 | 9,336 | |
| Bank Balances other than Cash and Cash Equivalents | 8,835 | 8,079 | |
| Other Financial Assets | 46,648 | 40,458 | |
| Other Current Assets | 11,231 | 13,063 | |
| Total Current Assets | 544,202 | 469,455 | |
| Total Assets (1 + 2) | 589,366 | 498,406 | |
| B | EQUITY AND LIABILITIES | ||
| 1) | Equity | ||
| Equity Share capital | 9,989 | 9,976 | |
| Other Equity | 222,873 | 191,802 | |
| Non-Controlling Interests | 1,430 | 670 | |
| Total Equity | 234,292 | 202,448 | |
| 2) | Non-Current Liabilities | ||
| Financial Liabilities | |||
| Borrowings | 37,162 | 12,163 | |
| Lease Liability | 99 | 111 | |
| Trade Payables | |||
| Due to Micro and Small Enterprises | 888 | 440 | |
| Due to Others | 673 | 851 | |
| Other Financial Liabilities | 1,905 | 629 | |
| Provisions | 452 | 311 | |
| Deferred Tax Liabilities (Net) | 2,828 | 3,294 | |
| Total Non-Current Liabilities | 44,007 | 17,799 | |
| 3) | Current Liabilities | ||
| Financial Liabilities | |||
| Borrowings | 61,677 | 58,641 | |
| Lease Liability | 22 | 25 | |
| Trade Payables | |||
| Due to Micro and Small Enterprises | 3,678 | 2,215 | |
| Due to Others | 30,351 | 27,150 | |
| Other Financial Liabilities | 101,322 | 57,162 | |
| Provisions | 169 | 104 | |
| Current Tax Liabilities (Net) | 419 | 73 | |
| Other Current Liabilities | 113,429 | 132,789 | |
| Total Current Liabilities | 311,067 | 278,159 | |
| Total Equity and Liabilities (1 + 2 + 3) | 589,366 | 498,406 |
Audited Consolidated Cash Flow (₹ in million)
| Sr. No. | Particulars | Year ended 31-Mar-26 (Audited) | Year ended 31-Mar-25 (Audited) |
|---|---|---|---|
| (A) | Operating Activities | ||
| Profit Before Tax | 43,713 | 35,555 | |
| Adjustments for : | |||
| Depreciation, Amortisation and Impairment Expense | 3,454 | 2,719 | |
| (Profit)/ Loss on Sale of Property, Plant and Equipment | – | 1 | |
| Share of Net (Profit)/ Loss in Associate and Joint Venture | (92) | 14 | |
| Net Foreign Exchange (Gain)/Loss | 16 | 6 | |
| Interest Income | (2,137) | (1,244) | |
| Finance Costs | 7,892 | 7,072 | |
| Provision for Share based payment | 745 | 735 | |
| Profit on Sale of Investments | (531) | (1,470) | |
| Sundry Balances / Excess Provisions written off/ (back) (net) | 38 | (187) | |
| Gains arising from fair valuation of financial instruments | (1,246) | (749) | |
| Operating Profit Before Working Capital Changes | 51,852 | 42,452 | |
| Working Capital Adjustments: | |||
| Increase in Trade and Other Receivables | (11,337) | (9,749) | |
| (Increase)/ Decrease in Inventories | 1,747 | (13,263) | |
| Increase/ (Decrease) in Trade and Other payables | (23,294) | 2,356 | |
| Cash Generated from Operating Activities | 18,968 | 21,796 | |
| Income Tax paid (net) | (9,375) | (6,140) | |
| Net Cash Flows from Operating Activities | 9,593 | 15,656 | |
| (B) | Investing Activities | ||
| Purchase of Property, Plant and Equipment including Investment Property & Intangible Assets | (2,502) | (4,742) | |
| Proceeds from / (Investment in) Bank Deposits | 1,472 | (2,639) | |
| Sale / (Purchase) of Non-Current Investments (net) | (2,385) | (2,517) | |
| Sale / (Purchase) of Current Investments (net) | 3,519 | 14,723 | |
| Interest received | 1,673 | 1,235 | |
| Loans (Given)/ Received back (Net) | (9,579) | (6,964) | |
| Net Cash Flows from/ (Used in) Investing Activities | (7,802) | (904) | |
| (C) | Financing Activities | ||
| Finance Costs Paid | (8,247) | (7,375) | |
| Proceeds from Borrowings | 82,223 | 37,950 | |
| Proceeds from Issue of Share Capital (Including Security Premium) | 357 | 812 | |
| Proceeds from Share Application Money pending allotment | 9 | 12 | |
| Payment of Dividend on Equity Shares | (4,243) | (2,239) | |
| Payment of Lease Liability | (15) | (66) | |
| Repayment of Borrowings | (54,192) | (54,151) | |
| Net Cash Flows from/ (Used in) Financing Activities | 15,892 | (25,057) | |
| (D) | Net Increase/ (Decrease) in Cash and Cash Equivalents (A+B+C) : | 17,683 | (10,305) |
| Add: Cash and Cash Equivalents at the beginning of the year | 9,336 | 18,270 | |
| Cash and Cash Equivalents acquired on account of Acquisition of Subsidiary | 7 | 1,371 | |
| Cash and Cash Equivalents at the end of the year | 27,026 | 9,336 |
Audited Standalone Financial Results for the quarter and year ended 31st March, 2026 (₹ in million)
| Sr. No. | Particulars | Quarter Ended 31-Mar-26 (Audited) (Refer Note 9) | Quarter Ended 31-Dec-25 (Unaudited) | Quarter Ended 31-Mar-25 (Audited) (Refer Note 3 & 9) | Year Ended 31-Mar-26 (Audited) | Year Ended 31-Mar-25 (Audited) (Refer Note 3) |
|---|---|---|---|---|---|---|
| 1 | Income | |||||
| a) | Revenue From Operations | 39,017 | 43,073 | 38,900 | 145,417 | 133,066 |
| b) | Other Income | 2,683 | 3,989 | 1,550 | 8,768 | 4,280 |
| Total Income | 41,700 | 47,062 | 40,450 | 154,185 | 137,346 | |
| 2 | Expenses | |||||
| a) | Cost of Projects | 24,891 | 25,436 | 24,040 | 90,173 | 80,339 |
| b) | Employee Benefits Expense | 1,509 | 1,569 | 1,331 | 6,047 | 5,383 |
| c) | Finance Costs | 1,787 | 2,125 | 1,608 | 7,510 | 6,644 |
| d) | Depreciation, Impairment and Amortisation Expense |