Lodha Developers Ltd Q1 FY27 Results Analysis: Revenue Surges 43%, EBITDA Margin Expands 1,032 bps

CompoundingAI Research Updated July 24, 2026 2 min read

Positive

Lodha Developers Ltd's Q1 FY27 numbers came in strong, with revenue of Rs. 4,996.70 Cr (+43.10% YoY) and PAT growth of +103.40% YoY. Here's a quick read of what worked, what to watch, and what management said.

Quick Details

Results date	July 24, 2026
Quarter	Q1 FY 2026-2027
Revenue (Q1)	Rs. 4,996.70 Cr (+43.10% YoY)
PAT (Q1)	Rs. 1,372.10 Cr (+103.40% YoY)
EBITDA margin	38.51% (+1032 bps YoY)
EPS (Q1)	Rs. 13.73 (+103.40% YoY)
Market cap	Rs. 114,290.42 Cr
CMP	Rs. 1,144.10

Quarter Snapshot

LODHA delivered a standout quarter with revenue up 43% YoY and PAT more than doubling, driven by sharp margin expansion (EBITDA +1032 bps) and operating leverage. Balance sheet strengthened with net debt/equity improving to 0.20. While no explicit guidance was provided, the execution quality and structural margin improvement signal strong business momentum.

Key Investment Insights

Key Positives

Revenue grew 43.1% YoY to Rs.4,996.7 crore.
PAT (owners) more than doubled, up 103.4% YoY to Rs.1,372.1 crore.
EBITDA margin expanded 1,032 bps YoY to 38.51%.
Total expenses grew only 22.1% YoY, well below revenue growth, demonstrating operating leverage.
Net Debt/Equity improved from 0.25 to 0.20.
Interest Service Coverage Ratio improved to 5.49x from 3.66x a year ago.

Risk Factors

Other income declined 24.8% YoY to Rs.100 crore, though it is a small portion (2%) of total income.