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Lodha Developers Q3 Collections Dip 17% Despite Strong 25% Pre-Sales Growth

Lodha Developers reported a 17% year-on-year decline in its third-quarter collections to Rs 3,560 crore, despite a robust 25% growth in pre-sales. The company attributed the drop to exceptional inflows from land and office transactions in the same quarter last year that were not repeated. However, collections showed a marginal sequential improvement, indicating early signs of stabilization. Looking ahead, the firm expects collections to scale up significantly and is expanding into the NCR market with a joint development model.

Key Points: Lodha Q3 Collections Fall 17%, Pre-Sales Rise 25%

  • Q3 collections fell 17% YoY to Rs 3,560 cr
  • Pre-sales grew 25% YoY to Rs 5,620 cr
  • Drop due to one-off land/office inflows last year
  • NCR expansion started with two joint projects
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Lodha Developers' Q3 collections drop 17 pc

Lodha Developers reports a 17% drop in Q3 collections to Rs 3,560 crore, attributed to one-off land sales last year, while pre-sales grow 25% YoY.

"Collections are expected to scale up significantly in coming quarters. - Lodha Developers"

Mumbai, Jan 6

Lodha Developers' collections fell to Rs 3,560 crore in the third quarter, down from the year-ago period, the real estate firm said on Tuesday.

The decline came despite a robust performance in pre-sales, which rose 25 per cent year-on-year (YoY) to Rs 5,620 crore, compared with Rs 4,510 crore in the same quarter last financial year, according to the company's latest business update.

The company said the drop in collections was largely due to one-off inflows recorded in the corresponding period last year.

These included large receipts from land and office transactions, which were not repeated in the December quarter.

On a quarter-on-quarter (QoQ) basis, however, collections showed a marginal improvement -- indicating early signs of stabilisation in cash inflows.

"Collections were Rs 35.6 billion for Q3 FY26. This is lower than Q3 FY25 which had one-off inflows from large land and office sales," the firm said.

"Collections are expected to scale up significantly in coming quarters," it added.

Pre-sales remained strong during the quarter, supported by steady sustenance sales and good traction across key markets.

Lodha Developers said demand for residential housing continued despite a challenging macroeconomic environment, helping the company maintain sales momentum.

"This significant business development will allow us to have better visibility of future growth and support higher profitability in upcoming acquisitions," the real estate firm stated.

Looking ahead, the developer expects collections to improve in the coming quarters as construction progresses and customer payments pick up.

"Our pilot in NCR has started with two projects on joint development basis, reflecting our risk calibrated approach to capital deployment," it said.

"NCR is the second-largest housing market in the country with a shortage of trusted quality developers and a fragmented supply landscape," Lodha Developers noted.

The NCR entry will enable us to serve nearly 80 per cent of the housing demand across the top seven Indian cities.

- IANS

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Reader Comments

P
Priya S
The pre-sales number is actually very strong! 25% growth YoY shows demand is still there. The collection drop seems to be a one-off accounting thing, not a fundamental problem. Good to see them expanding to NCR cautiously.
A
Aman W
Real estate is always about trust. If they explain the drop clearly (one-off land sales last year), it's better than hiding it. But they must deliver on the promise of scaling collections. Many buyers are middle-class families betting their life savings.
S
Sarah B
Interesting to see them enter NCR. The market there is indeed fragmented. If a branded player like Lodha can deliver quality on time, it could be a game-changer for buyers in Delhi-NCR tired of delays.
V
Vikram M
Respectfully, I think the article and the company's statement are trying to put a positive spin. A 17% drop is significant, one-off or not. It shows vulnerability in their cash flow model. Hope RBI keeps a close watch on real estate NBFC lending.
K
Kavya N
The key takeaway is that pre-sales are up! That's future collections. In the Indian housing market, if demand is strong, the money will follow. The marginal QoQ improvement is a good sign. 🏠

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