Lodha Developers reported achieving a record quarterly profit as its revenue, inflows, and margins improved. The company also reaffirmed its forecasts for FY27.
Profit attributable to the company's owners for the first quarter of FY27 (Q1 FY27) increased by 103.36% compared to the same period last year, reaching ₹1,372.1 crore. This figure marks the highest quarterly profit in the company's history. The growth was driven by an increase in revenue and inflows.
Lodha's operating revenue grew by 43.1% compared to last year, amounting to ₹4,996.7 crore. This amount exceeded the forecast by Bloomberg analysts, which was ₹4,307.77 crore. Furthermore, the profit surpassed the expected level of ₹907.42 crore.
The company's inflows for the quarter amounted to ₹4,205 crore, demonstrating a 46% increase compared to the previous year. In Q1 FY27, the company also reported preliminary sales of ₹4,629 crore, which is 4% higher than the Q1 FY27 figure.
Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the quarter reached ₹2,150 crore, an increase of 79% compared to last year. This rise was attributed to a more significant contribution from land sales. The EBITDA margin stood at 43%, up from 34% in Q1 FY26.
The company's total expenses for the reporting quarter were ₹3,322.6 crore, which is 22.1% higher than the previous year. The main reason for the increase in expenses was a 21.36% rise in project costs.
Quarter-on-quarter (Q-o-Q) inflows decreased by 19.59%, and preliminary sales fell by 21.4%. During the period, the company recorded a 3% increase in prices across its portfolio as of the current date.
Abhishek Lodha, Managing Director and CEO of Lodha Developers, noted that the combination of growth, increased profitability, and return on equity with a low debt level distinguishes Lodha. He stated that thanks to strong structural housing demand and accelerated consolidation in favor of top-tier brands like Lodha, the company is confident in achieving a profit growth rate of 20% Compound Annual Growth Rate (CAGR) in the long term. The company holds a 3.5% market share in the target segment, which opens up long-term potential for growth in the medium and long term.
It was reported that the global data center operator Digital Edge India, a joint venture between Digital Edge (Singapore) and the National Investment and Infrastructure Fund (NIIF), acquired a plot of land in the Green Data Centre Park Lodha in Navi Mumbai (Palava) for over ₹42 crore per acre during the quarter. Lodha added that this confirms the exceptional value of its land asset in Palava, which has grown by more than 15 times in the last five years and will continue to grow.
The company's annuity business generated ₹300 crore in revenue in Q1 FY27. Lodha added that the development of this segment is gaining momentum, and the company expects to increase annuity revenue more than tenfold over the next six years, reaching over ₹3,000 crore annually. This will be supported by 1 GW capacity data centers, warehousing, industrial parks, and retail on main streets.
During Q1 FY27, Lodha included one project with a Gross Development Value (GDV) of ₹2,300 crore in Pune into its portfolio. The company set a target for preliminary sales for FY27 of ₹24,000 crore and Net Profit After Tax (PAT) of ₹4,100 crore. It also plans to increase PAT at a CAGR of 20% to over ₹8,500 crore by FY31.
Furthermore, the company's net debt for Q1 FY27 was ₹4,931 crore, a decrease of ₹446 crore quarter-on-quarter. Lodha's net debt to equity ratio reached 0.2x, which is below its set target limit of 0.5x. Lodha noted that the cost of debt servicing in Q1 FY27 remained stable at 7.8%, one of the lowest rates in the industry. Management stated that due to significant business development over the past five years and a solid portfolio of projects with a GDV of nearly two trillion rupees ready for sale (excluding the land bank, which will be used for more than five years), the company's DevCo business will become debt-free in the coming years.
Shriram Finance reported a significant increase in net profit in the first quarter of fiscal year 27 (Q1FY27), reaching 34,446 crore rupees, which represents an increase of 59.79% compared to the same period last year. Compared to the previous quarter, profit increased by 14.30%.
The company's Net Interest Income (NII) grew by 33.67% year-on-year and by 15.18% quarter-on-quarter, amounting to 8,055.7 crore rupees. The total income of the Non-Banking Financial Company (NBFC) increased by 16.21% year-on-year, reaching 13,412.11 crore rupees.
The Net Interest Margin (NIM) improved to 9.04%, up from 8.61% in Q4FY26 and 8.11% in Q1FY26.
The NBFC's Assets Under Management (AUM) expanded by 15.26% year-on-year and by 3.8% quarter-on-quarter, reaching 3.14 trillion rupees. Among the commercial vehicle segments, AUM grew by 19.4% year-on-year and by 3.8% quarter-on-quarter, totaling 1.47 trillion rupees. Passenger vehicle AUM showed growth of 21.22% year-on-year, reaching 68,650.2 crore rupees.
Furthermore, AUM in the Micro, Small, and Medium Enterprises (MSME) segment increased by 8% year-on-year to 41,962.4 crore rupees, while AUM in the gold segment grew by 45.78% year-on-year, amounting to 7,513.72 crore rupees.
The volume of public deposits attracted by the company increased by 14.3% year-on-year to 72,070 crore rupees. Funds raised through Non-Convertible Debentures (NCDs) rose by almost 20% year-on-year, reaching 39,610 crore rupees.
The company's asset quality remained relatively stable during June. The proportion of Stage 3 assets slightly increased to 4.64% from 4.58% in March. Net Non-Performing Assets (NPAs) remained unchanged at 2.33% compared to the previous quarter.
The overall Capital to Risk-weighted Assets Ratio (CRAR) improved to 34.17% in the reporting quarter, compared to 20.40% in Q4FY26 and 20.79% in Q1FY26.
The public sector lender Indian Overseas Bank (IOB) reported a significant increase in net profit of 49.3 percent year-on-year on Monday. Over the three months ending in June 2026, the bank earned 1,659 crore rupees, which was attributed to an improvement in asset quality.
In the same quarter last year, the bank had recorded a net profit of 1,111 crore rupees. According to the report submitted to the stock exchange system, total income for the period from April to June increased to 10,938 crore rupees compared to 8,866.47 crore rupees the previous year.
The bank's asset quality showed positive momentum. The Gross Non-Performing Assets (GNPA) ratio decreased to 1.33 percent for the June quarter of fiscal year 27, down from 1.97 percent the previous year. Similarly, Net NPA reduced to 0.18 percent from the previous 0.32 percent.
Furthermore, provisions amounted to 834 crore rupees in the quarter under review, which remained almost unchanged compared to 844 crore rupees the previous year, although this is less than the 1,006 crore rupees recorded in the March quarter. At the time of afternoon trading, IOB shares were trading 4.11 percent higher on the BSE, reaching the mark of 35.2 rupees.
Billionbrains Garage Ventures Ltd, the parent company of the digital investment platform Groww, reported on Wednesday a significant increase in consolidated profit after tax (PAT) of 94.3% compared to the previous year. For the quarter ending June 30, PAT reached 735.04 crore rupees.
The company, headquartered in Bangalore, earned 378.35 crore rupees in PAT during the same period last year. According to the report filed with the stock exchange, operating revenue grew by 66%, amounting to 1,501.42 crore rupees in the fourth quarter of fiscal year 27, compared to 904.40 crore rupees the previous year.
However, looking at sequential dynamics, operating revenue remained almost unchanged at 1,501.42 crore rupees, whereas in the quarter from January to March of fiscal year 26 it was 1,505.37 crore rupees. Nevertheless, profit after tax increased compared to the previous quarter, when it stood at 686.36 crore rupees.
The company's total expenses rose to 555.68 crore rupees from 444.67 crore rupees a year ago. In the afternoon trading session, the company's shares traded on BSE 3.7% higher, reaching the mark of 211.4 rupees.
