Lodha Developers Q2 FY27 consolidated revenue Rs 4,467.4 cr; PAT Rs 1,013.5 cr

What the numbers show

• Net margin was 22.69% of revenue, up 189 bps from 20.79%.
• Revenue rose 17.6% while total expenses rose 11.3%.
• Cost of materials accounted for Rs 324.00 cr of the Rs 329.70 cr rise in total expenses (98%).
• Cost of materials took 56.5% of revenue, against 57.9% a year earlier.

• Basis: Consolidated unaudited statement of financial results for the quarter ended 30-Sep-26, compared with quarter ended 30-Sep-25 (statement of financial results).

• Revenue from operations: Rs 4,467.40 cr (Q2 FY27) vs Rs 3,798.50 cr (Q2 FY26).

• Other income: Rs 117.50 cr vs Rs 80.40 cr.

• Total income: Rs 4,584.90 cr vs Rs 3,878.90 cr.

• Cost of projects (cost of materials/production equivalent): Rs 2,523.10 cr vs Rs 2,199.10 cr.

• Employee benefits expense: Rs 193.50 cr vs Rs 171.00 cr.

• Finance costs: Rs 185.30 cr vs Rs 156.50 cr.

• Depreciation, impairment and amortisation expense: Rs 82.90 cr vs Rs 71.40 cr.

• Other expenses: Rs 262.50 cr vs Rs 319.60 cr.

• Total expenses: Rs 3,247.30 cr vs Rs 2,917.60 cr.

• Profit before tax (after share of profit in associates and joint ventures): Rs 1,342.00 cr vs Rs 960.80 cr.

• Net profit for the period (PAT): Rs 1,013.50 cr vs Rs 789.80 cr.

• Earnings per share – Basic: Rs 10.14 vs Rs 7.90.

• Earnings per share – Diluted: Rs 10.12 vs Rs 7.87.

From the consolidated statement of financial results for the quarter ended 30-Sep-26, Lodha Developers Limited reported higher revenue from operations of Rs 4,467.40 cr compared with Rs 3,798.50 cr in the corresponding quarter ended 30-Sep-25. Including other income of Rs 117.50 cr (vs Rs 80.40 cr a year earlier), total income increased to Rs 4,584.90 cr from Rs 3,878.90 cr.

On the cost side, cost of projects rose to Rs 2,523.10 cr from Rs 2,199.10 cr. Employee benefits expense increased to Rs 193.50 cr from Rs 171.00 cr, and finance costs moved up to Rs 185.30 cr from Rs 156.50 cr. Depreciation, impairment and amortisation expense was Rs 82.90 cr versus Rs 71.40 cr in the year-ago quarter. Other expenses declined to Rs 262.50 cr from Rs 319.60 cr. Overall, total expenses for the quarter were Rs 3,247.30 cr, compared with Rs 2,917.60 cr in the corresponding prior period.

After accounting for share of net profit/(loss) in associates and joint ventures, profit before tax for the quarter stood at Rs 1,342.00 cr, up from Rs 960.80 cr in the quarter ended 30-Sep-25. Net profit for the period (after tax credit/(expense)) was Rs 1,013.50 cr, compared with Rs 789.80 cr a year earlier. Basic earnings per share for the quarter were reported at Rs 10.14 (vs Rs 7.90), while diluted earnings per share were Rs 10.12 (vs Rs 7.87), as per the statement of financial results.