Lodha Developers Financial Statements

Name: Lodha Developers Financials — historical data
Creator: StockeZee

For Mar 2026, Lodha Developers reported revenue of ₹16,676 crore and net profit of ₹3,428 crore. Return on equity stands at 15.80%. Profit & loss, balance sheet and cash flow across 6 reported years are below.

Updated 31 Jul 2026Source: NSE & BSE company filingsNifty 100 constituent

Latest year revenue: ₹16,676 Cr
EBITDA: ₹4,921 Cr
Operating margin: 29.51%
Profit after tax: ₹3,428 Cr
Net margin: 20.56%
EPS: ₹34.32
Latest year: Mar 2026
Years reported: 6

Lodha Developers profit & loss

Reported annual performance for Lodha Developers, oldest to newest. Figures in ₹ crore unless a row states otherwise.

Lodha Developers annual profit and loss statement. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue from Operations	5,449	9,233	9,470	10,316	13,780	16,676
Sales Growth YoY %	—	69.46%	2.57%	8.93%	33.57%	21.02%
Other Income	323	346	141	153	390	443
Total Income	5,772	9,579	9,611	10,470	14,170	17,120
Cost of Goods Sold (COGS)	3,604	6,063	6,064	6,203	8,250	9,796
Cost of Materials Consumed	0	0	0	6,203	8,250	9,796
Changes in Inventories	3,604	6,063	6,064	0	0	0
Gross Profit	1,845	3,171	3,406	4,113	5,530	6,880
Gross Margin %	33.86%	34.34%	35.97%	39.87%	40.13%	41.26%
Total Operating Expenses	473	1,046	1,340	1,438	1,542	1,959
Employee Benefit Expense	286	354	424	471	543	659
Other Expenses	186	692	916	966	999	1,300
EBITDA	1,372	2,125	2,066	2,676	3,988	4,921
OPM %	25.18%	23.01%	21.82%	25.94%	28.94%	29.51%
Total Non-Operating Expenses	736	755	-605	579	821	1,002
Depreciation & Amortisation	73	75	93	204	272	345
Finance Costs	1,126	680	479	480	550	657
Exceptional Items (Before Tax)	-463	0	-1,177	-105	0	0
Profit Before Tax (PBT)	33	1,716	458	2,041	3,557	4,362
Tax Expense	-15	508	-37	473	789	941
Current Tax	102	11	284	129	706	993
Deferred Tax	-117	497	-321	345	83	-53
Effective Tax %	-44.4%	29.61%	-8.09%	23.2%	22.18%	21.56%
Total Profit for Period	48	1,209	489	1,554	2,767	3,431
Less: Non-controlling Interests	8	6	3	5	2	3
Net Profit (Owner's PAT)	40	1,202	487	1,549	2,764	3,428
Net Profit Margin %	0.74%	13.02%	5.14%	15.02%	20.06%	20.56%
PAT Growth YoY %	—	2,894.25%	-59.53%	218.33%	78.45%	24.02%
Earnings Per Share (EPS)	₹0.45	₹12.49	₹5.05	₹15.58	₹27.71	₹34.32
Diluted Shares Outstanding (Cr.)	89	96	96	99	100	100
Profit/Loss from Associates	-0	1	-5	-13	-1	9
Other Comprehensive Income (Net of Tax)	6	-1	-16	9	-3	-1
Expenses	5,738	7,864	9,154	8,429	10,613	12,757
Material Cost %	0%	0%	0%	60.13%	59.87%	58.74%
Employee Cost %	5.26%	3.84%	4.48%	4.57%	3.94%	3.95%
Other Cost %	3.42%	7.49%	9.68%	9.37%	7.25%	7.8%
Interest Coverage (x)	1.15	3.01	4.12	5.15	6.76	6.97

Lodha Developers revenue and profit trend

Reported annual revenue and net profit, oldest to newest. Two panels because the two measures live on different scales — one shared axis would distort both.

Lodha Developers balance sheet

Assets, liabilities and shareholders' equity as reported, in Schedule III order. Figures in ₹ crore unless a row states otherwise.

Lodha Developers annual balance sheet with assets, liabilities and equity. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Equity	5,126	12,162	12,722	17,534	20,245	23,429
Equity Share Capital	396	482	482	995	998	999
Reserves & Surplus	4,203	11,624	12,181	16,475	19,180	22,287
Equity Method Investments	59	51	23	280	138	255
Total Equity	5,126	12,162	12,722	17,534	20,245	23,429
Non-Current Liabilities	4,708	3,292	2,574	2,264	1,780	4,401
Long-term Borrowings	4,268	2,716	2,257	1,970	1,216	3,716
Deferred Tax Liabilities	0	191	33	164	329	283
Non-Current Provisions	16	17	22	25	31	45
Other Non-Current Liabilities	95	93	—	—	—	—
Non-Current Financial Liabilities	4,596	2,991	2,518	2,075	1,419	4,073
Current Liabilities	29,475	23,025	23,859	27,427	27,816	31,107
Short-term Borrowings	13,899	8,821	6,792	5,710	5,864	6,168
Trade Payables	1,533	1,386	1,966	2,531	2,937	3,403
Current Financial Liabilities	17,661	12,434	13,188	15,783	14,519	19,705
Other Current Financial Liabilities	2,229	2,226	4,430	7,542	5,719	10,134
Other Current Liabilities	11,757	10,584	10,626	11,630	13,279	11,343
Current Provisions	5	5	8	9	10	17
Current Tax Liabilities	52	2	37	6	7	42
Total Liabilities	34,182	26,317	26,433	29,691	29,596	35,507
Total Non-Current Assets	6,472	4,716	3,405	2,668	2,895	4,516
Property, Plant & Equipment (PPE)	1,123	1,119	1,143	571	617	970
Capital Work-in-Progress	6	—	—	—	—	256
Intangible Assets	0	0	0	3	13	6
Investment Property	277	265	154	146	402	1,197
Non-Current Investments	222	133	189	213	355	669
Loans – Non-Current	3,499	1,975	659	2	—	76
Other Non-Current Assets	276	374	357	243	194	92
Non-Current Financial Assets	3,975	2,294	955	944	949	1,261
Net Fixed Assets	1,129	1,119	1,143	574	630	1,232
Total Current Assets	32,836	33,763	35,750	44,558	46,946	54,420
Inventories	28,301	27,358	30,117	33,993	36,476	40,254
Trade Receivables	655	645	739	800	776	1,472
Cash & Cash Equivalents	228	477	1,311	1,827	934	2,703
Current Investments	1,298	390	35	2,007	757	530
Loans – Current	453	1,199	487	1,145	1,843	2,790
Current Financial Assets	3,600	5,210	4,657	9,266	9,163	13,043
Other Current Assets	935	1,195	977	1,299	1,306	1,123
Other Current Financial Assets	828	1,730	1,571	2,679	4,046	4,665
Net Working Capital	3,361	10,738	11,891	17,130	19,130	23,313
Additional Asset Fields	737	131	303	92	310	400
Def Tax Assets	210	74	243	28	243	257
Non Controlling Int	527	57	60	65	67	143
Total Assets	39,308	38,479	39,155	47,225	49,841	58,937
Total Borrowings	18,167	11,537	9,049	7,680	7,080	9,884
Net Debt	17,939	11,060	7,738	5,853	6,147	7,181
Debt to Equity (x)	3.54	0.95	0.71	0.44	0.35	0.42
Current Ratio (x)	1.11	1.47	1.5	1.62	1.69	1.75

Lodha Developers cash flow statement

Cash generated and used across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.

Lodha Developers annual cash flow statement across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Net Cash from Operating Activities	1,998	2,750	2,512	1,566	959
Profit Before Tax	1,716	458	2,041	3,557	4,362
Depreciation & Amortisation	75	93	204	272	345
Finance Costs	1,992	1,389	1,064	707	789
Working Capital Changes	-1,357	-104	-823	-2,084	-3,285
Tax Paid	-178	-211	-24	-614	-938
Net Cash from Investing Activities	1,139	1,778	-2,947	-90	-780
Purchase of PPE	-41	-90	-170	-474	-250
Sale of Fixed Assets	8	15	-774	-252	-239
Interest Received	84	80	66	124	167
Net Cash from Financing Activities	-2,888	-3,705	951	-2,506	1,589
Proceeds from Borrowings	4,245	5,517	5,130	3,795	8,222
Repayment of Borrowings	-10,858	-8,056	-6,499	-5,415	-5,419
Interest Paid	-1,943	-1,176	-851	-738	-825
Dividend Paid	0	0	-96	-224	-424
Buyback / Redemption of Shares	0	0	0	0	0
Lease Liabilities Paid	0	0	-7	-7	-2
Net Change in Cash	250	822	516	-1,031	1,768
Effect of Foreign Exchange Changes	0	0	0	0	0
Free Cash Flow	1,958	2,660	2,343	1,091	709
CFO / PBT (x)	1.16	6.01	1.23	0.44	0.22

Lodha Developers key ratios

Valuation, profitability, return, leverage and per-share measures computed from reported statements — not from adjusted or normalised earnings.

Lodha Developers trades at a P/E of 31.16× against a sector median of 38.69× — a 19% discount. Sector comparisons can mislead for conglomerates with mixed business lines.

Lodha Developers valuation, profitability, return and leverage ratios
Ratio	Category	Value
P/E (TTM)	Valuation	31.16
Forward P/E	Valuation	19.49
P/B	Valuation	5.52
PEG (TTM)	Valuation	0.32
EV / EBITDA (TTM)	Valuation	17.62
P/S (TTM)	Valuation	7.14
Operating margin	Profitability	29.5%
Net margin (TTM)	Profitability	20.82%
Return on equity	Return ratios	15.8%
Return on capital employed	Return ratios	16.6%
Return on assets	Return ratios	5.26%
Debt to equity	Leverage & liquidity	0.42
Beta	Leverage & liquidity	1.56
EPS (TTM)	Per share	₹36.6
Book value	Per share	₹233.12
Revenue / share (TTM)	Per share	₹171.21
Cash flow / share	Per share	₹9.6
Dividend yield	Shareholder returns	0.36%
Dividend payout (TTM)	Shareholder returns	11.61%

How this is calculated

Statements are as filed with the exchanges. Consolidated figures are shown where reported. Figures are in rupees crore unless the table states otherwise. Ratios are computed from the same reported statements, not from adjusted or normalised earnings.

Index membership reflects the Nifty 100 as published by NSE Indices, effective 2026-03-30.

Lodha Developers: frequently asked questions

What is Lodha Developers's annual revenue?

Lodha Developers reported revenue of ₹16,676 crore in Mar 2026, up 21.0% on the previous financial year.

Is Lodha Developers profitable?

Lodha Developers reported a net profit of ₹3,428 crore in Mar 2026, up 24.0% on the previous financial year.

What is Lodha Developers's EPS?

Lodha Developers reported earnings per share of ₹34.32 for Mar 2026.

What is Lodha Developers's operating margin?

Lodha Developers's operating margin for Mar 2026 was 29.51%.

What is Lodha Developers's return on equity?

Lodha Developers's return on equity stands at 15.80%. ROE measures profit generated per rupee of shareholder equity.

How many years of Lodha Developers financials are shown?

6 reported financial years are tabulated on this page, the most recent being Mar 2026.

Are these figures consolidated or standalone?

Consolidated figures are shown wherever the company reports them, and standalone otherwise. The basis in use is labelled on the statement table.

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Disclaimer

The data, ratios and commentary about Lodha Developers Limited (LODHA) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.