Shares of Lodha Developers Ltd surged 1.5% to touch a day’s high of Rs 1,093.35 on 16th February after the company announced the acquisition of Pune-based Solidrise Realty Private Limited.

In an exchange filing, the firm said it entered into a Share Purchase Agreement for the acquisition on 14th February.

The deal is valued at Rs 294.07 crore. Solidrise Realty Private Limited was incorporated in 2025, and Lodha Developers will acquire an 80% equity stake in the company. The transaction is expected to be completed by 16th February, 2026. With this acquisition, the company aims to strengthen its presence in Pune, Maharashtra’s second-largest city.

Talking about its Q3 results, the company reported a 1.3% rise in net profit to Rs 956.9 crore, compared to Rs 944.4 crore in the same period last year. Revenue from operations grew 14.4% to Rs 4,672 crore, up from Rs 4,083 crore in the year-ago quarter.

EBITDA increased 8.4% year-over-year to Rs 1,415 crore from Rs 1,305 crore. However, operating margin stood at 30.3%, lower than 32% recorded in the corresponding quarter of FY25.

At 10:56 AM, shares of Lodha Developers were trading 1.36% higher at Rs 1,088.20 on NSE.

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