Lodha Developers reported pre-sales of ₹5,620 crore in the third quarter, marking a 25% increase from ₹4,510 crore in the same period last year, even as collections declined 17% to ₹3,560 crore, according to its latest business update.The strong pre-sales performance was driven by steady sustenance sales and momentum across key markets, reflecting continued demand for residential housing despite a challenging macroeconomic environment.
Collections fell year-on-year due to one-off inflows in the corresponding period of the previous year, mainly from large land and office transactions, which were not repeated this quarter. On a sequential basis, collections showed marginal improvement, signalling stabilisation in cash inflows.
Lodha Developers expects collections to strengthen in the coming quarters as project execution progresses and customer payments accelerate. The company also highlighted sustained traction in ongoing projects and a healthy launch pipeline, which it believes will support performance for the remainder of the financial year.Also read: Lodha stock may jump 77%, Motilal Oswal projects but with key risks
Collections fell year-on-year due to one-off inflows in the corresponding period of the previous year, mainly from large land and office transactions, which were not repeated this quarter. On a sequential basis, collections showed marginal improvement, signalling stabilisation in cash inflows.
Lodha Developers expects collections to strengthen in the coming quarters as project execution progresses and customer payments accelerate. The company also highlighted sustained traction in ongoing projects and a healthy launch pipeline, which it believes will support performance for the remainder of the financial year.Also read: Lodha stock may jump 77%, Motilal Oswal projects but with key risks
The update mirrors a broader trend in the real estate sector, where developers are seeing robust booking values while cash collections remain uneven due to timing differences in project milestones and payment schedules.
Shares of Lodha Developers Limited closed at ₹1,110 on the NSE on Tuesday, down 0.89%.
