Sri Lotus Developers rises after recording 77% YoY rise in Q1 PAT

While EBITDA improved by 63% YoY to Rs 48 crore, EBITDA margin, however, contracted by 1160 basis points YoY to 36.4% in the June'26 quarter.

Profit before tax in Q1 FY27 stood at Rs 60.90 crore, up by 72% from Rs 35.33 crore in Q1 FY26.

Pres-sales added up to Rs 409 crore (up 567% YoY) while collections aggregated to Rs 150 crore (up 115% YoY) for Q1 FY27.

The company said that two projects were launched during Q1 FY27? Lotus Trident (Andheri West) and Lotus Aquaria (Prabhadevi). Together, these projects have a gross development value (GDV) of Rs 1,350 crore.

The company plans to launch four new projects in the remaining part of FY27, with an estimated combined GDV of Rs 3,500 crore to Rs 4,000 crore.

Anand K Pandit, chairman & managing director, Sri Lotus Developers & Realty, said: The first quarter of FY27 has marked a strong start for Sri Lotus Developers, with robust momentum across our business and continued healthy demand for our luxury and ultra-luxury residential portfolio.

Looking ahead, we have a strong launch pipeline for the remainder of FY27, comprising multiple premium residential developments across key micro-markets.

For FY27, the company has guided for pre-sales of Rs 1,800 crore to Rs 2,000 crore. It expects revenue and PAT, both to grow by 55-60% YoY in the year that will end on 31 March 2027.

Sri Lotus Developers & Realty is a Mumbai-based real estate developer focused on ultra-luxury and luxury residential and commercial projects in the western suburbs of the Mumbai Metropolitan Region (MMR).

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