Lodha pre-sales dull, but biz development remains solid

Realty company Lodha Developers Ltd's latest business update didn't excite the Street. Pre-sales or bookings rose 10% year-on-year (y-o-y) to ₹4,450 crore in Q1FY26.

- Harsha Jethmalani

This growth rate is lower than its full-year guidance of 20%. So, the stock fell 1.5% intraday on Tuesday and closed flat.

According to the management, geopolitical tensions in the first half of the quarter led to a loss of activity for two weeks. But the management is confident of recovering the loss in the latter part of the year. Lodha remains on track to achieve its FY26 pre-sales guidance of ₹21,000 crore, aided by a strong launch pipeline in Q1FY26, it said.