Shares of Lodha Developers Ltd fell 4% after touching a day’s high of Rs 1,284 on 28th July, despite the firm stating it remains bullish on the housing market and plans to launch Rs 17,000 crore worth of residential projects by March to meet consumer demand.

Lodha Developers’ Executive Director (Finance), Sushil Kumar Modi, told PTI that the strong housing demand seen post-COVID is expected to grow further, driven by economic growth, income tax relief, and lower home loan rates.

He expressed confidence in meeting the company’s pre-sales target of Rs 21,000 crore for FY26, up 19% from last year. Lodha has already launched projects worth Rs 8,000 crore in Q1 and plans to roll out an additional Rs 17,000 crore over the remaining three quarters. With recent land acquisitions, the total launch pipeline for FY26 is now pegged at Rs 25,000 crore.

Modi said the second half of the fiscal typically sees higher sales due to the festive season. The firm also posted 10% growth in sales bookings to Rs 4,450 crore in Q1.

On the financial front, Lodha reported a 42% rise in Q1 consolidated net profit to Rs 675.1 crore, while total income grew to Rs 3,624.7 crore from Rs 2,918.3 crore a year ago. In FY25, it recorded a net profit of Rs 2,766.6 crore on a total income of Rs 14,169.8 crore.

At 1:20 PM, the shares of Lodha Developers were trading 4.08% lower at Rs 1,227.20 on NSE.

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