Lodha Developers reports half-year profit jump, quarterly profit fall and new company secretary

Lodha Developers Limited's board approved the company's unaudited results for the quarter and half-year ended 30 September 2026 at a meeting on 30 October 2026. The same meeting noted the early retirement of Sanjyot Rangnekar as Company Secretary and Compliance Officer and approved the appointment of Savita Kodain in her place. The company, which is Mumbai-based and listed on BSE (scrip code 543287) and NSE (symbol LODHA), made the disclosure under Regulation 30 of the Listing Regulations, the rule that requires listed companies to report material events.

Quarterly profit down, half-year profit up

For the quarter ended 30 September 2026, the company reported net profit of ₹1,013.5 crore, against ₹1,373.1 crore in the same quarter a year earlier. That is a fall of about 26 per cent. Total income for the quarter was ₹4,584.9 crore.

For the half-year ended 30 September 2026, net profit rose to ₹2,386.6 crore from ₹1,464.9 crore, a rise of about 63 per cent. Revenue from operations for the half-year was ₹9,464.1 crore, compared with ₹7,290.2 crore a year earlier, up about 30 per cent. The figures are as reported for the periods. Investors will need the full results statement to see how each quarter contributed to the half-year total.

Leadership change

The board noted Ms Rangnekar's request for early retirement, which takes effect at the close of business on 30 October 2026. On the recommendation of the Nomination and Remuneration Committee, the board then appointed Ms Kodain as Company Secretary and Compliance Officer, effective 31 October 2026. The company said she brings over 18 years of professional experience. The announcement did not give a reason for Ms Rangnekar's retirement.

The board meeting began at 3:30 p.m. IST, and the review of these items was concluded by 5:30 p.m. IST. The company had given intimation of the investor meet to the stock exchange on 26 October 2026, the same day it announced the board meeting.

What investors will watch

The company has scheduled its analyst and investor call on the September-quarter and half-year FY2027 results for 2 November 2026 at 1:00 p.m. IST. The call is the next point at which management is likely to explain the drop in quarterly profit and the reasons for the half-year gain.

Separately, the company has been pursuing a scheme of merger by absorption of Roselabs Finance and National Standard (India). An NCLT-convened meeting of equity shareholders on 9 October 2026 took up the scheme, and a scrutiniser's report on the voting was issued for that meeting. No completion date for the merger has been announced.

The company describes itself as one of India's largest developers by presales and development pipeline, with a presence in the Mumbai Metropolitan Region, Pune and Bengaluru. Its listing filing said it was formerly known as Macrotech Developers Limited. For investors, the company's next formal disclosures are the results call on 2 November and any filing on the merger scheme.