Real estate company Lodha Developers Limited has disclosed a 15% rise in its net debt to Rs 6,170 crore in the October-December quarter of FY26. This increase is linked to the firm’s active land acquisitions strategy to expand its operations, as per its key business updates to exchanges. The company’s net debt was Rs 5,370 crore by the end of September 2025, for comparison.
Despite the uptick, Lodha Developers assured that its net debt remains comfortably within manageable thresholds. The company stated, “Even with significant investments in business development over the first nine months of this fiscal year, our net debt stood at Rs 61.7 billion, well below our ceiling of 0.5x net debt to equity.”
During the December quarter, Lodha acquired five land parcels in strategic locations like the Mumbai Metropolitan Region, Delhi-NCR, and Bengaluru. These acquisitions were a mix of outright purchases and partnerships with landowners. The Mumbai-based firm intends to focus on housing projects on these lands, with an anticipated total revenue potential of Rs 33,800 crore.
In a recent significant move, Lodha Developers collaborated with MRG Group to undertake two projects in Gurugram, marking its entry into the Delhi-NCR housing and commercial real estate market. The company is also engaged in a warehousing project in the region and maintains a strong presence in residential markets in Mumbai, Pune, and Bengaluru.
Lodha’s sales bookings witnessed growth, reaching Rs 17,630 crore in the last fiscal year compared to Rs 14,520 crore in the preceding year. The company has set a sales bookings target of Rs 21,000 crore for the ongoing financial year. Lodha Developers, known for delivering 110 million square feet of real estate since its inception, is currently working on over 130 million square feet in ongoing and planned projects.
