Lodha Developers Ltd has set a target for 20% annual growth in net profit for fiscal year 2027, aiming for ₹4,100 crore.
The Mumbai-based real estate developer attributes the outlook to robust demand for its housing properties and improved project execution capabilities.
Abhishek Lodha, Managing Director and CEO of the Lodha Group, outlined the financial trajectory, signaling confidence in the company's ability to capitalize on current market conditions.
The guidance reflects a strategic focus on maintaining momentum in a sector that has seen varied performance among peers.
The announcement comes as other Indian real estate developers navigate mixed market reactions to their financial results.
Sobha Ltd, for instance, saw its shares wipe out early gains to close flat recently, despite reporting a significant surge in quarterly net profit.