Sri Lotus Developers and Realty Ltd — Q4 FY26 earnings call
Summary generated by AI from the official transcript Sri Lotus Developers and Realty Ltd filed with BSE on 19 May 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Sri Lotus Developers reported Q4 FY26 pre-sales of Rs 462 crore, up 177% year-on-year, driven by the launch of Lotus Celestia which achieved Rs 155 crore in bookings within 7 days. Full-year FY26 pre-sales came in at Rs 1,157 crore with revenue of Rs 769 crore, up 40% year-on-year, and PAT of Rs 243 crore. Management outlined a launch pipeline of six new projects for FY27 with an estimated GDV of Rs 5,000 crore to Rs 5,500 crore and guided to FY27 pre-sales of Rs 1,800 crore to Rs 2,000 crore.
Numbers mentioned
Pre-sales: INR462 crores (Q4 FY26)
p. 4
“Pre-sales for Q4 FY26 stood at INR462 crores, registering a strong growth of 177% year-on-year.”
Anand Pandit, page 4 of the filed PDF · View the filing
Booking for Lotus Celestia: INR155 crores (Q4 FY26)
p. 4
“The quarter was marked by the successful launch of Lotus Celestia in Versova Beach, which achieved booking of INR155 crores within 7 days of launch, reflecting strong market acceptance.”
Anand Pandit, page 4 of the filed PDF · View the filing
Pre-sales: INR1,157 crores (FY26)
p. 4
“For the full year ended March 2026, we achieved pre-sales of INR1,157 crores, in line with our stated guidance, despite industry-wide challenges.”
Anand Pandit, page 4 of the filed PDF · View the filing
Revenue: INR308 crores (Q4 FY26)
p. 5
“Revenue stood at INR308 crores, reflecting a growth of 62% year-on-year.”
Sanjay Kumar Jain, page 5 of the filed PDF · View the filing
EBITDA: INR121 crores (Q4 FY26)
p. 5
“EBITDA for the quarter stood at INR121 crores.”
Sanjay Kumar Jain, page 5 of the filed PDF · View the filing
EBITDA margin: 39.4% (Q4 FY26)
p. 5
“EBITDA margin stood at 39.4% for the quarter.”
Sanjay Kumar Jain, page 5 of the filed PDF · View the filing
Profit after tax: INR101 crores (Q4 FY26)
p. 5
“Profit after tax stood at INR101 crores, registering a growth of 17% year-on-year.”
Sanjay Kumar Jain, page 5 of the filed PDF · View the filing
Revenue: INR769 crores (FY26)
p. 5
“Revenue stood at INR769 crores, reflecting a growth of 40% year-on-year.”
Sanjay Kumar Jain, page 5 of the filed PDF · View the filing
EBITDA: INR281 crores (FY26)
p. 5
“EBITDA stood at INR281 crores with EBITDA margin at 36.5%.”
Sanjay Kumar Jain, page 5 of the filed PDF · View the filing
Profit after tax: INR243 crores (FY26)
p. 5
“Profit after tax stood at INR243 crores.”
Sanjay Kumar Jain, page 5 of the filed PDF · View the filing
Net cash: INR697 crores (as on 31st March 2026)
p. 6
“Net cash as on 31st March 2026 stood at INR697 crores.”
Sanjay Kumar Jain, page 6 of the filed PDF · View the filing
Adjusted ROE: 23.7% (FY26)
p. 6
“Adjusted ROE stood at 23.7% while ROCE stood at 13.6%.”
Sanjay Kumar Jain, page 6 of the filed PDF · View the filing
Total equity: INR1,918 crores (as on 31st March 2026)
p. 6
“Total equity including reserve increased to INR1,918 crores as on 31st March 2026 compared to INR933 crores as on 31st March 2025.”
Sanjay Kumar Jain, page 6 of the filed PDF · View the filing
Collection: INR82 crores (Q4 FY26)
p. 5
“Collection for the quarter stood at INR82 crores.”
Sanjay Kumar Jain, page 5 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Pre-sales — INR1,800 crores to INR2,000 crores · FY27
stated firmly by Anand Pandit
p. 4
“we are confident of achieving our FY27 guidance of pre-sales in the range of INR1,800 crores to INR2,000 crores, along with revenue growth of 55% to 60% and PAT growth of 55% to 60%.”
Anand Pandit, page 4 of the filed PDF · View the filing
Revenue growth — 55% to 60% · FY27
stated firmly by Anand Pandit
p. 4
“we are confident of achieving our FY27 guidance of pre-sales in the range of INR1,800 crores to INR2,000 crores, along with revenue growth of 55% to 60% and PAT growth of 55% to 60%.”
Anand Pandit, page 4 of the filed PDF · View the filing
New project signings — four to six new projects · coming year
stated as an aspiration by Anand Pandit
p. 4
“giving us confidence in our ability to sign four to six new projects in the coming year and further expand our portfolio in a calibrated manner.”
Anand Pandit, page 4 of the filed PDF · View the filing
H1 FY27 launches — Lotus Aquaria, Lotus Trident, Lotus Sky Plaza · H1 FY2027
stated firmly by Sanjay Kumar Jain
p. 5
“we expect to launch three projects in H1 FY2027, Lotus Aquaria in Prabhadevi, Lotus Trident, and Lotus Sky Plaza in Andheri, with a combined revenue potential of over INR2,500 crores to INR3,000 crores.”
Sanjay Kumar Jain, page 5 of the filed PDF · View the filing
Project cost increase — approximate 1% increase · annualized
stated conditionally by Sanjay Kumar Jain
p. 5
“On an annualized basis, this may translate into a approximate 1% increase in overall project cost.”
Sanjay Kumar Jain, page 5 of the filed PDF · View the filing
Aquaria and Trident launch — this quarter
stated firmly by Anand Pandit
p. 10
“This quarter. This quarter we will be launching.”
Anand Pandit, page 10 of the filed PDF · View the filing
Remaining three project launches — next quarter
stated conditionally by Anand Pandit
p. 11
“So that remaining three also I think we will be having all approval in this quarter only. So next quarter we will be launching all three projects.”
Anand Pandit, page 11 of the filed PDF · View the filing
Collections — this quarter and next quarter
stated conditionally by Sanjay Kumar Jain
p. 10
“So we are targeting that this quarter and next quarter, half yearly we will get good collection because there is due from the client which will increased as construction will progress.”
Sanjay Kumar Jain, page 10 of the filed PDF · View the filing
Marketing spend — less than 1% of revenue · FY27
stated firmly by Anand Pandit
p. 6
“So yes, we will be doing marketing efforts and it would be less than 1% of our revenue.”
Anand Pandit, page 6 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management said the ultra-luxury segment continues to see strong demand and ticket sizes above Rs 10-12 crore are not affected by external forces.
Answered by Anand Pandit
Asked by Varun Shivram: How confident is management on achieving Rs 2,000 crore pre-sales in FY27 given a real estate slowdown?
p. 7
“So we are very confident that we will be able to achieve that.”
Anand Pandit, page 7 of the filed PDF · View the filing
Management said Amalfi has sold about 61% of inventory and Celestia has sold approximately 14,000 square feet.
Answered by Anand Pandit
Asked by Samarth Khandelwal: How much inventory has been sold at the Versova projects?
p. 7
“So Amalfi, which was launched last year, we have sold about 61% of inventory approximately.”
Anand Pandit, page 7 of the filed PDF · View the filing
Management said Rs 460 crore of revenue was recognized in Q4 against the Rs 1,157 crore pre-sales figure.
Answered by Sanjay Kumar Jain
Asked by Majid Ahamed: How much of pre-sales has been recognized as revenue for the ongoing projects?
p. 8
“So for INR1,157 crore, we have recognized INR460 crores revenue there.”
Sanjay Kumar Jain, page 8 of the filed PDF · View the filing
Management attributed delays to needing multiple approvals, including for an existing hospital that needs to be reconstructed.
Answered by Anand Pandit
Asked by Majid Ahamed: Why are projects like Lotus Monarch, Avalon and Solana getting delayed?
p. 8
“So two projects we have to get multiple approvals. One is one is existing hospital. So we need to construct that hospital and get our sale area separately.”
Anand Pandit, page 8 of the filed PDF · View the filing
Management explained that RERA carpet area excludes balcony space even though it is part of the FSI-constructed area.
Answered by Sanjay Kumar Jain
Asked by Majid Ahamed: Why did the RERA carpet area for Lotus Celestia change between presentations?
p. 9
“What happens in the RERA carpet area, balcony area is excluded. It is in the FSI constructed in FSI, but the RERA it does not allow to include the balcony area.”
Sanjay Kumar Jain, page 9 of the filed PDF · View the filing
Management explained that all four newly launched projects are currently at the basement stage, where less payment is due, and collections should improve as construction progresses to plinth and slab levels.
Answered by Sanjay Kumar Jain
Asked by Nikhil Oswal: Why are collections low relative to revenue despite percentage-of-completion recognition?
p. 10
“Our all four projects which are newly launched are currently in the basement. So we are targeting that this quarter and next quarter, half yearly we will get good collection because there is due from the client which will increased as construction will progress.”
Sanjay Kumar Jain, page 10 of the filed PDF · View the filing
Management said Trident has full approvals, Sky Plaza has about 80% approvals, and Aquaria has 100% approval with work already started.
Answered by Sanjay Kumar Jain
Asked by Harsh Pathak: What is the approval status for the H1 FY27 launches Aquaria, Sky Plaza and Trident?
p. 10
“So Trident we have got the full approvals. Sky Plaza almost I would say about 80% approvals we have got. Then Aquaria 100% approval we have got. Work has already started.”
Sanjay Kumar Jain, page 10 of the filed PDF · View the filing
Management said the matter is at the final hearing stage in the Supreme Court and the project has an estimated GDV of Rs 600 crore.
Answered by Sanjay Kumar Jain
Asked by Ashok Shah: What is the status of the Ghatkopar project litigation and its potential size?
p. 11
“So it is around INR600 crores GDV project.”
Sanjay Kumar Jain, page 11 of the filed PDF · View the filing
Management said total project cost increase would be limited to about 1.5-2.5%, and geopolitical tension has also increased NRI and HNI interest in Mumbai real estate.
Answered by Anand Pandit
Asked by Sakshi Pratap: Is there cost pressure from geopolitical tensions and how is demand trending?
p. 12
“But that cost increase in totality of the project will not be more than about 1.5% to 2.5%.”
Anand Pandit, page 12 of the filed PDF · View the filing
Risks flagged
Rising input and labor costs due to geopolitical developments
p. 5
“Input costs have risen by approximately 7%, while labor costs have increased by around 5%.”
Sanjay Kumar Jain, page 5 of the filed PDF · View the filing
Approval delays affecting certain upcoming projects
p. 8
“So two projects we have to get multiple approvals. One is one is existing hospital. So we need to construct that hospital and get our sale area separately. So that's why it is taking a little more time.”
Anand Pandit, page 8 of the filed PDF · View the filing
Litigation involving the Ghatkopar project pending at the Supreme Court
p. 11
“It's on final hearing at Supreme Court. There are some six bungalow owners and the society, they both have gone to the court.”
Anand Pandit, page 11 of the filed PDF · View the filing
Low collections due to construction stage of newly launched projects
p. 10
“Our all four projects which are newly launched are currently in the basement.”
Sanjay Kumar Jain, page 10 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.