Lodha Developers’ Growth Analyzed by Nomura

Nomura, a big investment firm, thinks Lodha Developers is doing well and has given them a “Buy” rating. They believe Lodha is selling a lot of homes and developing new projects, which makes them optimistic about the company’s future. This analysis focuses on what Lodha has done recently and what Nomura expects to happen next.

• Lodha sold ₹5,620 crore worth of homes in Q3FY26 – up 25% yearly.
• Nomura predicts Lodha’s stock could rise by over 30%.
• Lodha has reached 70% of its yearly sales goal for this year.
• New development plans total ₹33,800 crore, exceeding yearly guidance.
• Collections were down 17% but are expected to stabilize soon.
• Lodha’s debt is low, allowing for future investments.

Lodha Developers sold a record amount of homes – ₹5,620 crore – in the latest three months. This is a big jump compared to last year (25% more) and even compared to the previous month (23% more). Nomura thinks Lodha will sell even more homes this year, reaching a goal of ₹21,000 crore.

Lodha is also building a lot of new buildings! They’ve planned projects worth ₹33,800 crore in places like Mumbai, Delhi, and Bangalore. This is much more than they originally thought they would build this year (₹25,000 crore), showing they’re confident in their plans.

While Lodha sold fewer homes this time (down 17% from last year), it’s not a big problem. The company has a lot of money saved up (₹6,170 crore in debt) and keeps its debt very low. This means they can continue building new projects without taking on too much extra debt.

Even though Lodha might not reach its exact financial goals this year, Nomura still thinks the company is strong and well-managed. They believe Lodha will continue to grow, especially in the next year.

“This analysis indicates a strong positive outlook for Lodha Developers based on current sales and expansion strategies.”