Lodha Developers Ltd. Q2 FY2025 results: revenue ₹2,626 crore, up 50.1% on the year
Lodha Developers Ltd. (LODHA) reported consolidated revenue from operations of ₹2,626 crore for Q2 FY2025, the quarter ended 30 September 2024, up 50.1% on the same quarter a year earlier. Profit after tax was ₹423 crore, up 108.6% on the year, and earnings per share ₹4.25. The figures are the company's own, from the unaudited results it filed with NSE on 25 October 2024.
The quarter, against the one before and a year earlier
| Line | Q2 FY2025 | Q1 FY2025 | Q2 FY2024 | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 2,626 | 2,846 | 1,750 | +50.1% |
| Other income | 59 | 72 | 6 | +970.9% |
| Total income | 2,685 | 2,918 | 1,755 | +53.0% |
| Cost of materials consumed | 1,572 | 1,711 | 999 | +57.4% |
| Purchases of stock-in-trade | 0 | 0 | 0 | n/a |
| Changes in inventories | 0 | 0 | 0 | n/a |
| Employee benefit expense | 140 | 140 | 115 | +21.7% |
| Finance costs | 136 | 117 | 123 | +10.9% |
| Depreciation, depletion and amortisation | 66 | 60 | 29 | +127.0% |
| Other expenses | 209 | 239 | 219 | -4.7% |
| Total expenses | 2,124 | 2,267 | 1,486 | +43.0% |
| Profit before exceptional items and tax | 560 | 651 | 269 | +108.2% |
| Exceptional items | 0 | 0 | 0 | n/a |
| Profit before tax | 560 | 651 | 269 | +108.2% |
| Current tax | 105 | 135 | 20 | +429.6% |
| Deferred tax | 31 | 40 | 42 | -26.1% |
| Total tax | 137 | 175 | 62 | +119.2% |
| Profit after tax | 423 | 476 | 203 | +108.6% |
| Attributable to owners of the parent | 423 | 475 | 202 | +109.5% |
| Other comprehensive income | -1 | -2 | -3 | n/a |
| Total comprehensive income | 422 | 474 | 200 | +111.4% |
| EPS, basic | ₹4.25 | ₹4.78 | ₹2.09 | +103.3% |
| EPS, diluted | ₹4.23 | ₹4.76 | ₹2.09 | +102.4% |
₹ crore except per share.
Leverage, as the company states it
| Line | Q2 FY2025 | Q1 FY2025 | Q2 FY2024 | Change on the year |
|---|---|---|---|---|
| Debt to equity | 0.00 | 0.00 | 0.01 | |
| Debt service coverage | 0.01 | 0.01 | 0.01 | |
| Interest service coverage | 0.03 | 0.03 | 0.02 |
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 30 September 2024, filed with NSE on 25 October 2024: the result statement. All of Lodha Developers Ltd.'s results: NSE company page.
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