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Macrotech Developers Limited (LODHA) investor relations material
Macrotech Developers Limited Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record Q2FY26 pre-sales of INR 45.7 billion, up 7% year-on-year, with H1 sales at INR 90 billion, representing 43% of full-year guidance.
Embedded EBITDA margin sustained at ~32% for Q2 and H1 FY26; net debt/equity at 0.25x, well below ceiling.
Recognized as one of Newsweek's most trustworthy companies globally; strong ESG ratings retained.
Unaudited consolidated and standalone financial results for the quarter and half year ended September 30, 2025, were approved and reviewed without qualification by the auditors.
An executive director resigned following findings of incomplete disclosures and irregularities, with the matter under investigation and process improvements implemented.
Financial highlights
Revenue from operations for Q2FY26 was INR 38 billion, up 45% year-on-year; H1 FY26 revenue at INR 72.9 billion, up 33% year-on-year.
Adjusted EBITDA for Q2FY26 at INR 13.1 billion (34.4% margin); H1 FY26 at INR 25.1 billion (34.4% margin).
PAT for Q2FY26 at INR 7.9 billion (20.4% margin), up 87% year-on-year; H1 FY26 at INR 14.6 billion (19.5% margin), up 62.9% year-on-year.
Operating cash flow for Q2FY26 at INR 14.4 billion; H1 FY26 at INR 24.0 billion.
Basic EPS (consolidated) for Q2 FY26 was INR 7.90, up from INR 4.25 in Q2 FY25.
Outlook and guidance
On track to meet full-year pre-sales guidance of INR 210 billion; robust pipeline to outperform guidance.
Expecting Q3 pre-sales of INR 60 billion (+/- 5%); 65% of full-year launches in H2.
Anticipates price growth of 5%-6% for the full year, keeping it below wage growth to maintain affordability.
Medium-term strategy targets 20% annual growth and 20% ROE.
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