New Delhi: Realty firm Lodha Developers Ltd aims for a 2.5 times jump in its annual net profit to over Rs 8,500 crore by the 2030-31 fiscal year as it remains bullish on demand for homes and commercial properties.
In a conference call with analysts, Lodha Developers MD and CEO Abhishek Lodha highlighted the company's strong growth since listing on stock exchanges in April 2021.
"We have grown 3x in the last three years and we have no reason why we cannot grow 2.5x in the next five years," Lodha said during the earnings call following the company's Q4 FY26 results.
The company reported a net profit of Rs 3,380 crore for FY26, up significantly from the previous fiscal year. Abhishek Lodha expressed confidence that strong structural demand for housing in India, coupled with the company's expanding geographic presence and product portfolio, would help achieve the ambitious target.
Lodha Developers has been aggressively expanding beyond its home turf of Mumbai metropolitan region into cities like Pune, Bengaluru, Hyderabad, and the Delhi-NCR region. The company's sales bookings crossed Rs 20,000 crore in FY26, reflecting robust end-user demand.
"India's housing market is in a multi-decade growth cycle. Urbanisation, rising incomes, and favourable demographics all point to sustained demand," Lodha added.