India's Lodha Developers gains as quarterly pre-sales rise one-fourth

Lodha Developers

07/01/2026 04:58

** Shares of Lodha Developers LODH.NS rise as much as 2.3% to 1,120 rupees; currently up 0.9%

** Real estate developer says its Q3 pre-sales rise 25% to 56.2 billion rupees ($624.9 million) compared to last year

** Jefferies ("Buy", PT: 1,120 rupees) says Lodha has achieved 70% of FY26E pre-sales guidance of 210 billion rupees; implies need for acceleration to 32% sales growth in Q4

** Co's collections fall 17% to 35.6 billion rupees in Q3, capping gains

** Nomura ("Buy"; PT: 1,450 rupees) says annual operating cash flow may be lower than co's guidance; not cause for concern as net debt/equity remains below 0.5x

** Stock rated "Buy" on average by 17 analysts; median PT 1,473 rupees - data compiled by LSEG

** Stock fell 23.6% in 2025

($1 = 89.9350 Indian rupees)

 (Reporting by Mridula Kumar in Bengaluru)

 ((Mridula.Kumar@thomsonreuters.com;))