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Lodha Developers reported a 28% year-on-year rise in September-quarter net profit to Rs 1,013 crore, while revenue increased 18% to Rs 4,468 crore. Pre-sales grew 10% to Rs 5,037 crore, and first-half profit rose 63% to Rs 2,386 crore as the company prepares to expand in the NCR and Bengaluru markets.
12:02 AMEconomic TimesSummary
Lodha Developers reported a 28% year-on-year rise in September-quarter net profit to Rs 1,013 crore, while revenue increased 18% to Rs 4,468 crore. Pre-sales grew 10% to Rs 5,037 crore, and first-half profit rose 63% to Rs 2,386 crore as the company prepares to expand in the NCR and Bengaluru markets.
Lodha's earnings show that demand and operating leverage remain strong in its core housing business,
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Lodha is using strong housing demand and cash generation to fund geographic expansion beyond its core markets.
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