Lodha, DLF drive towards ₹20,000 crore sales goal amid divergent Q2 profits

Lodha Developers Ltd recorded 86.6% increase in net profit ₹789.8 crore in July-September quarter ₹423.1 crore in the same period of the previous year.
The Mumbai-based developer said on Thursday its revenue from operations grew by 44.6%. ₹3,798.5 crore during the period due to high sales and construction activities. Beyond Mumbai, Lodha also operates in Pune and Bengaluru.

Lodha increases project momentum

In the second quarter, the developer secured ₹4,570 crore pre-sale. Total pre-sales of Lodha in 2025-26 so far ₹9,020 crore.

“We have already achieved approximately 43% of our FY26 pre-sales target. ₹21,000 crore. “Our business continues to deliver strong performance and remains firmly on track to deliver the guidance we have set for the full year,” said Sushil Kumar Modi, chief financial officer of Lodha Group. Mint.

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Lodha has prepared a solid launch pipeline of valuable projects ₹14,000 crore in the second half of FY26. The projects will be implemented in all three cities where it operates.
“About a third of our business contribution will come from markets outside Mumbai, a significant expansion driven by new geographies. For example, Bengaluru, which contributes approx. ₹730 crore in pre-sales in FY25 ₹3,000 crore this year. “Modi will also see a significant increase in pre-sales in Pune,” he added.

The top four developers (Lodha Developers, DLF Ltd, Godrej Properties Ltd and Prestige Estates Projects Ltd) are collectively aiming to crossover ₹1 trillion home sales in FY26, the strongest year ever for branded players. In FY25, four developers achieved total sales of approx. ₹85,190 crore.

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This ambitious push for record home sales this year is driven by strong project launches, available inventory and a focus on premium projects that deliver higher margins.

DLF’s profits fall, sales steady

Meanwhile, Gurugram-based DLF’s net profit in the September quarter fell by 14.5%. ₹1,180.09 crore on an annual basis, while revenue from operations decreased by 16.8% ₹1,643.04 crore.

After a blockbuster quarter of sales figures ₹DLF’s new sales bookings remained at the same level at 11,425 crore in April-June ₹4,332 crore in the quarter ended September, thanks to the launch of Westpark, its first project in Mumbai, continuing the good momentum in the super luxury segment.

Higher sales in the June quarter were mainly driven by the large luxury project called Privana North in Gurugram.

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“Cumulative new sales bookings for FY26 were in February: ₹15,757 crore in line with our annual guidance ( ₹20,000-22,000 crore), DLF said in a statement on Thursday.

“We continue to focus on further strengthening our balance sheet and cash flow generation. The net cash position was as follows: ₹7,717 crore at the end of the quarter despite paying higher dividends ₹1,485 crore and debt repayment ₹963 crore during the quarter,” the company added.