Lodha pre-sales dull, but biz development remains solid

Slow moving Lodha's Q1FY26 pre-sales rose 10% year-on-year and must accelerate to meet FY26 target.

- Harsha Jethmalani

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. 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.