Lodha Developers Ltd.'s share price fell to the lowest level in over three months despite the company posting upbeat numbers for first-quarter results. The stock has extended losses to a fifth day.
Lodha Developers was the top loser on the NSE Nifty Realty index in Monday's session. The sectoral index has turned out to be the worst performer among sectoral indices.
Lodha Developers Q1 FY26 Highlights (Cons, YoY)
Revenue up 22.7% to Rs 3,492 crore versus Rs 2,847 crore
EBITDA rose 30% to Rs 984 crore versus Rs 757 crore
Margin expands at 28.2% versus 26.6 %
Net profit up 42% to Rs 675 crore versus Rs 475 crore
Lodha has also maintained its guidance of 19% pre-sales growth for the financial year 2026. Operating cash flow is also projected to rise by 17%, from Rs 6,600 crore to Rs 7,700 crore.
Lodha Developers share price declined 6.94% to Rs 1,190.60 apiece, the lowest level since April 15. It was trading 3.37% down at Rs 1,236.3 apiece as of 10:35 a.m., as compared to 0.09% advance in the NSE Nifty 50 index.
The stock declined 9.16% in 12 months, and 10.98% on a year-to-date basis. Total traded volume so far in the day stood at 4.0 times its 30-day average. The relative strength index was at 23.93, which implied the stock is oversold.
Out of 18 analysts tracking the company, 13 maintain a 'buy' rating, four recommend a 'hold' and one suggests to 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 18.0%.
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