Lodha Developers Ltd. Q3 FY2024 results: revenue ₹2,931 crore, up 65.2% on the year

Lodha Developers Ltd. (LODHA) reported consolidated revenue from operations of ₹2,931 crore for Q3 FY2024, the quarter ended 31 December 2023, up 65.2% on the same quarter a year earlier. Profit after tax was ₹505 crore, up 24.7% on the year, and earnings per share ₹5.22. The figures are the company's own, from the unaudited results it filed with NSE on 27 January 2024.

Revenue from operations₹2,931 croreup 65.2%

Profit after tax₹505 croreup 24.7%

EPS₹5.22

QuarterQ3 FY2024ended 31 December 2023

The quarter, against the one before and a year earlier

Line	Q3 FY2024	Q2 FY2024	A year earlier	Change on the year
Revenue from operations	2,931	1,750	n/a	n/a
Other income	28	6	n/a	n/a
Total income	2,959	1,755	n/a	n/a
Cost of materials consumed	1,678	999	n/a	n/a
Purchases of stock-in-trade	0	0	n/a	n/a
Changes in inventories	0	0	n/a	n/a
Employee benefit expense	117	115	n/a	n/a
Finance costs	117	123	n/a	n/a
Depreciation, depletion and amortisation	33	29	n/a	n/a
Other expenses	253	219	n/a	n/a
Total expenses	2,198	1,486	n/a	n/a
Profit before exceptional items and tax	761	269	n/a	n/a
Exceptional items	-105	0	n/a	n/a
Profit before tax	656	269	n/a	n/a
Current tax	50	20	n/a	n/a
Deferred tax	94	42	n/a	n/a
Total tax	144	62	n/a	n/a
Profit after tax	505	203	n/a	n/a
Attributable to owners of the parent	503	202	n/a	n/a
Other comprehensive income	5	-3	n/a	n/a
Total comprehensive income	510	200	n/a	n/a
EPS, basic	₹5.22	₹2.09	n/a	n/a
EPS, diluted	₹5.20	₹2.09	n/a	n/a

₹ crore except per share.

Leverage, as the company states it

Line	Q3 FY2024	Q2 FY2024	A year earlier
Debt to equity	0.01	0.01	n/a
Debt service coverage	0.02	0.01	n/a
Interest service coverage	0.04	0.02	n/a

Debt to equity, debt service coverage and interest service coverage are the figures the company prints in its result statement under the listing regulations.

Quarterly results, the last 12 quarters

	Q2 FY2024	Q3 FY2024	Q4 FY2024	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026	Q1 FY2027
Sales	1,750	2,931	4,018	2,846	2,626	4,083	4,224	3,492	3,798	4,672	4,714	4,997
Expenses	1,486	2,198	3,205	2,267	2,124	2,988	3,233	2,721	2,918	3,540	3,579	3,323
Operating profit	416	883	1,047	757	705	1,306	1,221	984	1,109	1,415	1,413	1,922
OPM %	24%	30%	26%	27%	27%	32%	29%	28%	29%	30%	30%	38%
Other income	6	28	65	72	59	64	196	133	80	103	127	100
Interest	123	117	116	117	136	144	152	148	156	185	167	179
Depreciation	29	33	117	60	66	67	78	66	71	98	111	69
Exceptional items	0	-105	0	0	0	0	0	0	0	0	0	0
Profit before tax	269	656	879	651	560	1,158	1,187	904	961	1,236	1,262	1,774
Tax %	23%	22%	24%	27%	24%	18%	22%	25%	18%	23%	20%	23%
Net profit	203	505	667	476	423	945	923	675	790	958	1,008	1,373
EPS in ₹	₹2.09	₹5.22	₹6.84	₹4.78	₹4.25	₹9.48	₹9.26	₹6.76	₹7.90	₹9.59	₹10.09	₹13.73
Filing	NSE	NSE	NSE	NSE	NSE	NSE	Filing	Filing	Filing	Filing	Filing	Filing

₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.

Source

Unaudited consolidated results for the quarter ended 31 December 2023, filed with NSE on 27 January 2024: the result statement. All of Lodha Developers Ltd.'s results: NSE company page.

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