Q3 2026 Lodha Developers Ltd Earnings Call Transcript
Key Points
- Lodha Developers Ltd (BOM:543287) achieved its best-ever quarterly presales performance with INR56 billion, marking a growth of over 25% year on year.
- The company has added about INR340 billion worth of GDV through business development of new projects, providing significant long-term growth visibility.
- The embedded EBITDA margin for the quarter was approximately 32%, indicating strong underlying profitability.
- Lodha Developers Ltd (BOM:543287) has maintained a low net debt of INR61.7 billion, which is 0.28 times equity, well below their ceiling of 0.5 times.
- The company is expanding into the NCR region with two new projects, showcasing its strategic growth into new markets.
- Collections for the quarter were down by 17%, reflecting lower proceeds from land sales compared to the same quarter last year.
- There are concerns about potential oversupply in certain pockets of Mumbai, although the company remains confident in its brand strength.
- The construction spend for the nine months was below the desired level, which could impact future project timelines.
- Environmental clearance issues have previously impacted construction and collections, although these have now been resolved.
- The company has moderated its OCF guidance to INR70 billion, down from the previously expected INR77 billion, due to delays in environmental clearances and other factors.
Ladies and gentlemen, good afternoon, and welcome to the Lodha Developers Q3 FY26 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
I will now hand the conference over to Mr. Chintan Parikh, Co-Head of Investor Relations, for opening remarks. Thank you, and over to you.
Thank you, Rehan, and good afternoon, everyone. Welcome to Lodha Developers Q3 FY26 conference call. Today, we have with us Mr. Abhishek Lodha, MD and CEO; Mr. Sushil Kumar Modi, Executive Director, Finance; Mr. Sanjay Chauhan, CFO; and Mr. Shaishav Dharia, Whole-Time Director and CEO for Extended Eastern Suburbs, Thane, and Annuity Assets.
Now I would like to invite Abhishek to make his opening remarks. Over to you, Abhishek.
Thank you, Chintan. Good afternoon, everyone. Wishing all of you a very happy New Year.
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