Lodha Group, one of India’s leading real estate developers, has reported its best-ever quarterly pre-sales of ₹45.1 billion for Q3FY25, marking a robust 32% year-on-year (YoY) growth. The company also recorded pre-sales of ₹128.2 billion for the first nine months of FY25, representing a 25% YoY increase.
Strong Collections and Expansion Highlights
Collections for Q3FY25 surged to ₹42.9 billion, a 66% YoY growth from ₹25.9 billion in Q3FY24. This performance reflects a 40% improvement compared to ₹30.7 billion collected in Q2FY25.
As part of its business expansion, Lodha added one new project in Bengaluru with a Gross Development Value (GDV) of ₹28 billion, taking the total number of projects in the city to five. The new additions are expected to drive significant pre-sales growth in Bengaluru in the upcoming fiscal year.
Over the first nine months of FY25, the group has added eight new projects across Mumbai Metropolitan Region (MMR), Bengaluru, and Pune, with a combined GDV of ₹195 billion, achieving over 90% of its full-year guidance.
Focus on Digital Infrastructure and Debt Reduction
In Q3FY25, Lodha acquired approximately 33 acres of land in the National Capital Region (NCR) to expand its digital infrastructure business, including warehousing and industrial assets. The company also entered into an agreement to increase its stake in rental income from its digital infrastructure platform, aligning with its strategy to build annuity income and reduce reliance on development activities.
On the financial front, strong collections enabled Lodha to reduce its net debt by ₹6.1 billion, bringing it down to ₹43.2 billion, well within its target ceiling of 0.5x Net Debt/Equity.
Performance Summary
Metric | Q3FY25 | Q3FY24 | YoY Growth | Q2FY25 | QoQ Growth | 9mFY25 | 9mFY24 | YoY Growth |
---|---|---|---|---|---|---|---|---|
Pre-sales (₹ bn) | 45.1 | 34.1 | 32% | 42.9 | 5% | 128.2 | 103.0 | 25% |
Collections (₹ bn) | 42.9 | 25.9 | 66% | 30.7 | 40% | 100.6 | 77.5 | 30% |
With its strategic focus on growth and debt reduction, Lodha Group continues to strengthen its position as a leading player in the Indian real estate market.
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