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LODHA Lodha Developers News Story

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India's Lodha Developers gains on strong quarterly report

** Lodha Developers LODH.NS gains as much as 3.6% to 1,214 rupees; last up 1.7%

** Stock set for steepest intraday pct climb in more than two months

** Real estate firm's Q2 consolidated net profit soars ~87% y/y to 7.89 bln rupees (~$90 mln), led by 7% rise in pre-sales growth

** PAT margin expands to 20.4% from year-ago 15.8%

** Stock rated "buy" on avg, same as DLF DLF.NS, per data compiled by LSEG

** YTD, LODH falls 14%

($1 = 87.8950 Indian rupees)

 (Reporting by Manvi Pant)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))

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