Lodha Developers Ltd. Q3 FY2026 results: revenue ₹4,672 crore, up 14.4% on the year
Lodha Developers Ltd. (LODHA) reported consolidated revenue from operations of ₹4,672 crore for Q3 FY2026, the quarter ended 31 December 2025, up 14.4% on the same quarter a year earlier. Profit after tax was ₹958 crore, up 1.4% on the year, and earnings per share ₹9.59. The figures are the company's own, from the un-audited results it filed with NSE on 28 January 2026.
The quarter, against the one before and a year earlier
| Line | Q3 FY2026 | Q2 FY2026 | Q3 FY2025 | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 4,672 | 3,798 | 4,083 | +14.4% |
| Other income | 103 | 80 | 64 | +61.8% |
| Total income | 4,775 | 3,879 | 4,147 | +15.2% |
| Cost of materials consumed | 2,742 | 2,199 | 2,400 | +14.3% |
| Purchases of stock-in-trade | 0 | 0 | 0 | n/a |
| Changes in inventories | 0 | 0 | 0 | n/a |
| Employee benefit expense | 172 | 171 | 131 | +30.8% |
| Finance costs | 185 | 156 | 144 | +28.4% |
| Depreciation, depletion and amortisation | 98 | 71 | 67 | +45.1% |
| Other expenses | 343 | 320 | 246 | +39.3% |
| Total expenses | 3,540 | 2,918 | 2,988 | +18.5% |
| Profit before exceptional items and tax | 1,236 | 961 | 1,158 | +6.7% |
| Exceptional items | 0 | 0 | 0 | n/a |
| Profit before tax | 1,236 | 961 | 1,158 | +6.7% |
| Current tax | 301 | 175 | 228 | +31.9% |
| Deferred tax | -16 | -4 | -15 | n/a |
| Total tax | 285 | 171 | 214 | +33.6% |
| Profit after tax | 958 | 790 | 945 | +1.4% |
| Attributable to owners of the parent | 957 | 789 | 944 | +1.3% |
| Other comprehensive income | 1 | 1 | 1 | +66.7% |
| Total comprehensive income | 959 | 790 | 945 | +1.4% |
| EPS, basic | ₹9.59 | ₹7.90 | ₹9.48 | +1.2% |
| EPS, diluted | ₹9.56 | ₹7.87 | ₹9.45 | +1.2% |
₹ crore except per share.
Leverage, as the company states it
| Line | Q3 FY2026 | Q2 FY2026 | Q3 FY2025 | Change on the year |
|---|---|---|---|---|
| Debt to equity | 0.43 | 0.46 | 0.00 | |
| Debt service coverage | 1.35 | 1.22 | 0.01 | |
| Interest service coverage | 6.05 | 3.90 | 0.04 |
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
Un-audited consolidated results for the quarter ended 31 December 2025, filed with NSE on 28 January 2026: the result statement. All of Lodha Developers Ltd.'s results: NSE company page.
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