Sri Lotus Developers and Realty544469Real estate, luxury
Sri Lotus Developers reported strong Q2 results with revenue up over 50% and profit up nearly 78%, though collections declined; chairman defended the collection trend as normal for the business cycle
By ScoutQuest · · 1 min read
- Revenue growth Q2
- over 50 percent
- Profit growth Q2
- nearly 78 percent
- New projects added
- 3 projects
- Q2 FY26 collections
- 106 crore rupees
- H1 collections
- 209 crore rupees
Heard on business television between 14:45:47 - 14:48:47 IST.
- Q2 revenue rose over 50%, profit rose nearly 78%, with margins expanding sharply; three new projects added during the quarter.
- Chairman Anand Pandit said luxury and ultra-luxury housing demand in Mumbai is expanding, benefiting margins; company is debt-free with fast execution and strong sales velocity.
- Q2 collections fell 44% to about 106 crores versus H1 collections of about 209 crores; management attributed this to new projects being in early basement-stage construction where collections are typically only 5-10%, rising to 20-25% at plinth level.
- Management said collections and pre-sales guidance are not linked currently, and pre-sales have already reached nearly half of the roughly 900 crore target for the year.
- Management expressed confidence that collections will catch up as project construction progresses through FY27.
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Source: Live TV News Channel · 16 Oct 2026
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