Stories
Sri Lotus Developers Q2 Net Profit Soars 78 Percent on Strong Pre-Sales
C
CNBC TV18•15-10-2026, 21:57
Sri Lotus Developers Q2 Net Profit Soars 78 Percent on Strong Pre-Sales
- •Mumbai-based Sri Lotus Developers & Realty reported a 77.9 percent year-on-year jump in net profit to 82 crore rupees for the second quarter of FY27, driven by higher revenue and operating profit.
- •Pre-sales surged 83 percent year-on-year to 470 crore rupees during the quarter, while total revenue increased 52.5 percent to 268.5 crore rupees.
- •During the September quarter, the company secured three new projects including Lotus Supremus in Juhu, Lotus Empressa in Dadar West, and Lotus Stellar in Versova.
- •Sri Lotus Developers has lined up four major projects for launch in the second half of FY27 with a combined estimated gross development value of 3,500 to 4,000 crore rupees.
- •Chairman and Managing Director Anand K Pandit stated that the company remains on track to meet its full-year guidance backed by strong pre-sales momentum and a net debt-free balance sheet.
Key Questions Answered
Sri Lotus Developers & Realty reported a 77.9% year-on-year increase in net profit to ₹82 crore for Q2 FY27, up from ₹46 crore in the year-ago period. Revenue grew by 52.5% to ₹268.5 crore, and pre-sales rose by 83% to ₹470 crore.
During the September quarter, the company secured three new projects: Lotus Supremus in Juhu, Lotus Empressa in Shivaji Park, Dadar West, and Lotus Stellar in Versova, alongside obtaining additional area for Lotus Insignia.
Sri Lotus Developers has lined up four projects for launch in the second half of FY27: Lotus Sky Plaza, Lotus Portofino, Lotus Odyssey, and Lotus Aurelia, with a combined estimated gross development value of ₹3,500–4,000 crore.
