{"id":182829,"date":"2026-05-13T02:45:52","date_gmt":"2026-05-13T06:45:52","guid":{"rendered":"https:\/\/alphastreet.com\/india\/sri-lotus-developers-and-realty-ltd-lotusdev-q4-2026-earnings-call-transcript\/"},"modified":"2026-05-13T02:58:37","modified_gmt":"2026-05-13T06:58:37","slug":"sri-lotus-developers-and-realty-ltd-lotusdev-q4-2026-earnings-call-transcript","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/sri-lotus-developers-and-realty-ltd-lotusdev-q4-2026-earnings-call-transcript\/","title":{"rendered":"Sri Lotus Developers And Realty Ltd. (LOTUSDEV) Q4 2026 Earnings Call Transcript"},"content":{"rendered":"

Note:<\/strong> This is a preliminary transcript and may contain inaccuracies. It will be updated with a final, fully-reviewed version soon.<\/em><\/p>\n

Sri Lotus Developers And Realty Ltd. (NSE: LOTUSDEV) Q4 2026 Earnings Call dated May. 13, 2026<\/span><\/strong><\/p>\n

Corporate Participants:<\/h2>\n

Anand Pandit<\/strong> \u2014 Chairman and Managing Director<\/em><\/p>\n

Sanjay Kumar<\/strong> \u2014 Chief Executive Officer<\/em><\/p>\n

Rakesh Gupta<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Analysts:<\/h2>\n

Varun Shivram<\/strong> \u2014 Analyst<\/em><\/p>\n

Unidentified Participant<\/strong><\/p>\n

Presentation:<\/h2>\n

Operator<\/strong><\/p>\n

Ladies and gentlemen. Good morning and welcome to Shree Lotus developers and Realty Limited SKU for FY26 earnings conference call. Before we begin, I would like to remind participants that this conference call may contain forward looking statements about the company which are based on beliefs, opinions and expectations of the company as on date of this call. These statements are not the guarantee of future performance and involve risks and uncertainties that are difficult to predict. As a reminder, all participant lines will remain in the listen only mode and there will be an opportunity for you to ask questions after the presentation concludes.<\/p>\n

Should you need assistance during the conference call, please signal an operator by pressing Star then zero on your Touchstone phone. Please note that this conference is being recorded with this. I now hand the conference over to Mr. Anand Pandit, managing Director and Chairman of Shree Lotus Developers and Reality Limited. Thank you. And over to you sir.<\/p>\n

Anand Pandit<\/strong> \u2014 Chairman and Managing Director<\/em><\/p>\n

Thank you. Good morning everyone and a very warm welcome to the Q4FY26 earning call of Sri Lotus Developers and Reality Limited. Joining me today are our CEO Mr. Sanjay Kumar Jain, our CFO Mr. Rakesh Gupta and our Investor Relations Advisors from SGA. Our investor presentation has been uploaded on the stock exchanges and our website. We hope you have had a chance to review it. Let me begin with a brief overview of the market environment. Demand in the luxury and ultra luxury segment continues to remain strong even amid global uncertainty and geopolitical developments.<\/p>\n

Luxury residential segment is clearly outperforming the broader residential market supported by robust end user demand, rising aspirations and sustained interest from HNIs and NRIs. We are also witnessing strong absorption levels across key micro markets with buyers increasingly preferring larger residences, enhanced amenities, wellness focused living and developments backed by trusted brands. This structural shift continues to reinforce momentum in the luxury segment. Before I move to our operating performance, I would like to highlight the launch of our first of its kind brand campaign Luxury Coastline Collection.<\/p>\n

This campaign brings together 11 market projects across Mumbai’s most sought after coastal locations including Warsova, Juhu, Carter Road, Bend Sand, Prabha Devi and Napyansi Road. Offering a differentiated and premium living experience. The campaign has received an overwhelming response from customers and channel partners and we are seeing a noticeable increase in inquiries and conversions across the portfolio during the year. We also marked our strategic entry into Gift City, further expanding our geographic presence as we continue to scale and enhance our brand visibility.<\/p>\n

Our approach remains measured and disciplined. We remain highly selective, focusing on a curated customer base while maintaining our commitment to quality, design and execution. Moving on to our financial performance for the quarter, despite challenging global backdrop, demand for our projects remained resilient. Pre sales for Q4FY26 stood at rupees 462 crores resisting a strong growth of 177% year on year. The quarter was marked by the successful launch of Lotus Celestia in Versoix beach which achieved booking of rupees 155 crores within seven days of launch, reflecting strong market acceptance.<\/p>\n

The project, with an estimated GDV of rupees 1400-1500 crore is strategically located on the Versua beachfront and has been healthy premium realization. Our other projects Varun in Bandra along with the Arcadian in Juhu and Amalfi in Versaila beach continued to witness steady traction contributing cumulative Pre sales of rupees 203 crores during the quarter. Total pre sales contribution in this quarter from launches done during the year stood at rupees 358 crores. For the full year ended March 2026 we achieved pre sales of rupees 1157 crores in line with our stated guideline despite industry wide challenges.<\/p>\n

During FY26 we added nine new projects with a cumulative GDV of approximately Rupees 8500 to 9000 crores, significantly strengthening our development pipeline. We executive development agreements for key projects including Lotus Portofino at Versova, Lotus Kai Plaza at Oshiwara, Lotus Odyssey at Benson, Lotus Avalon in Juhu, Lotus Imperial in Bandra as well as a mixed use development in Gift City. In addition, multiple societies have appointed Lotus as their preferred developer such as Lotus Uppercase at Bandra, Lotus Insignia and Lotus Orion, reflecting growing trust in our brand.<\/p>\n

During the year we launched four projects Amalfi, the Arcadian, Varun and Silesia. Within just one year we have achieved sales of 62% in Amalfi, 41% in the Arcadian and 38% in Varun, demonstrating strong sales velocity even across recent launches and reinforcing the quality and demand of for our project. Looking ahead, we remain optimistic about our growth trajectory. We have a strong pipeline of six planned launches, Lotus Aquaria, Lotus Trident, Lotus Aurelia, Lotus Sky Plaza, Lotus Portofino and Lotus Odyssey.<\/p>\n

With an estimated GDP of Rupees 5000 to 5500 crores. Backed by this robust launch pipeline, strong demand outlook and the quality of our developments, we are confident of achieving our FY27 guidance of pre sales in the range of rupees 1800 to 2000 crores along with revenue growth of 55 to 60% and PAT growth of 55 to 60%. Overall traction remains encouraging and our inquiry pipeline continues to be strong, 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.<\/p>\n

Before I conclude, I would like to share that the Board has approved a dividend payout of 50% for FY26. In line its long term growth vision, the promoter group has voluntarily waived its dividend entitlement for FY26. The retained amount will be utilized, new project additions and project development. This reflects the company’s commitment to disciplined capital allocation, growth led reinvestment and long term value creation while maintaining a strong balance sheet. With that, I now hand the call over to Mr.<\/p>\n

Sanjay Kumar Jain, our CEO to take you through the financial highlights. Thank you,<\/p>\n

Sanjay Kumar<\/strong> \u2014 Chief Executive Officer<\/em><\/p>\n

Thank you Anand Sir. Let me know now Take you through the financial for Q4 and financial year 2026 as highlighted earlier, during Q4 financial year 26 we launched one project Lotus Celestia in Versova. In March 2026 the project recorded booking of rupees one hundred and fifty five crore and had an estimate GDV of rupees fourteen hundred to fifteen hundred crores reflecting strong initial traction. Looking ahead, we expect to launch three projects in H1 FY 2027 Lotus Aquaria in Prabhadavi, Lotus Trident and Lotus Sky Plaza in Andheri.<\/p>\n

With the combined revenue potential of over rupees 2500 to 3000 crore for the full year, we have a robust launch pipeline of six projects, Lotus Aquaria, Lotus Trident, Lotus Orilla, Lotus Sky Plaza, Lotus Protofino and Lotus ODC with an estimated GDV of rupees 5000 to 5500 crores. Before moving into the detailed financial, I would like to highlight that ongoing global geopolitical developments have lead to moderate increase in input and labor costs. Input costs have risen by approximately 7% while labor costs have increased by around 5%.<\/p>\n

On an annualized basis, this may translate into an approximate 1% increase in overall project cost. We continue to closely monitor this trend and are taking appropriate measure to manage cost efficiency now. Consolidated Financial highlight for Q4 financial year 2026 this sale stood at rupees 462 crore registering a growth of 177%. Year on year revenue stood at rupees 308 crore reflecting a growth of 62% year on year. Collection for the quarter stood at rupees 82 crores. EBITDA for the quarter stood at rupees 121 crore.<\/p>\n

EBITDA margin stood at 39.4% of the quarter. Profit after tax stood at 101 crore registering a growth of 17% year on year. Expenses towards ongoing and upcoming project Is stood at Rs. 286.58 crore. In Q4 financial 26 financial highlight for financial year 2026 pre sale stood at rupees 1157 crore growing 137% year on year. Revenue stood at rupees 769 crore reflecting a growth of 40% year on year. Collection for the year ended March 26 stood at rupees 376 crore. EBITDA stood at rupees 281 crore with EBITDA margin at 36.5.<\/p>\n

Profit after tax is stood at rupees 243 crore. Expenses towards ongoing and upcoming project stood at rupees 718 crore. In financial year 2026, net gas as on 31st March 2026 stood at rupees 697 crore. Adjusted ROE stood at 23.7% while ROC stood at 13.6%. Total equity including reserve increased to rupees 1918 crore as on 31st March 2026 compared to rupees 933 crore as on 31st March 2025. Projected free cash flow from the completed and ongoing project stood at rupees 3103 crore while projected free cash flow from upcoming project stood at rupees 5450 crore taking a total projected surplus to rupees 8553 crores.<\/p>\n

During the IPO we raised approximate 792 crores through the press issue and net proceed. Post issue expenses stood at approximate 732 crore. Out of this we have deployed fund amounting to rupees 394 crore till March 2026. With this I would now like to open the floor for questions.<\/p>\n

Questions and Answers:<\/h2>\n

Operator<\/strong><\/p>\n

Thank you very much. We will now begin the question and answer session. Anyone who wishes to ask a question may press star and one on the touchstone telephone. If you wish to remove yourself from the question queue, you may press star and 2. Participants are requested to use handsets while asking a question. Ladies and gentlemen, we will wait for a moment while the question queue assembles. We’ll take our first question from the line of Varun Shivram from Choice. Please go ahead.<\/p>\n

Varun Shivram<\/strong><\/p>\n

Hi sir. Good morning. Just. Just a couple of questions from my side. First of all from an execution standpoint. Just a second. So we have launched a luxury coastline collection. So you are a great way of branding. So how much have you spent and what kind of traction you’ll be seeing post this? And over FY27 will you be doing more marketing and if yes, how much will we allocate towards that?<\/p>\n

Anand Pandit<\/strong><\/p>\n

Yes. Morning to you. Good question. What we have done is this time we have just started our marketing because earlier company was only in Juhu and Andheri. Now we have gone to so many different valuable micro markets like Mandra and Prabhadevi and Kinsey Road other markets. So we have started this marketing campaign number one. Number two, we have got nicely placed on coastline 11 projects. So we came out with this unique idea to market it like a collection. So it is called as luxury coastline collection.<\/p>\n

Next year our. Yes, definitely we’ll be doing this marketing because we are. We need more visibility into newer markets, newer micro markets and reach out to directly to the clients also. So yes we’ll be doing marketing efforts and it will be less than 1% of our revenue.<\/p>\n

Varun Shivram<\/strong><\/p>\n

Understood sir. Thank you for quantifying and thanks for the detailed answer. So my next question would be on how confident are we on achieving the 2000 crores of pre sales in FY27 given the current scenario of slowdown in the real estate market.<\/p>\n

Anand Pandit<\/strong><\/p>\n

First of all real estate market when you say it’s very fragmented and separate. So we are in ultra luxury segment. So as far as ultra luxury segment there is very strong demand even right now. And we feel that everyone who were earlier into lower segment occupying houses in the lower segment they also want to go and shift to ultra luxury segment. So our segment total pie is becoming bigger and bigger. So we don’t expect any issues. And also what happens with this kind of ticket size which is more than 10 crore, 12 crore ticket size the external forces do not dictate their decision of buying.<\/p>\n

So we are very confident that we’ll be able to achieve that. And next year, I mean this current year we are going to launch six new projects. So the current four project and this new six project altogether about 10 project will give us 1800 crore of all pre sales.<\/p>\n

Varun Shivram<\/strong><\/p>\n

Understood sir. Thank you so much. I’ll get back in the queue for further questions. Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Next question is from the line of Samarth Khandelwal from ICICI Securities. Please go Ahead.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Good morning. Congratulations on a very good performance. Can you use your handset<\/p>\n

Operator<\/strong><\/p>\n

Mode please? Your audio is not very clear.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Is it better now? Yeah, little<\/p>\n

Operator<\/strong><\/p>\n

Better. Please go ahead.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Yeah. Congratulations on the very good set of numbers in the Versura project that we have launched. You know how much of the inventory we have sold in in units in apartment sizes. If you could share.<\/p>\n

Anand Pandit<\/strong><\/p>\n

So Amal Fee which was launched last year, we have sold about 61% of inventory approximately. And this year Celestia is about<\/p>\n

Sanjay Kumar<\/strong><\/p>\n

14. 14%. 14,000. 14,000 square meter. Approximate. We have sold that.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay, answer. Since you’re in the ultra luxury segment, we are hearing news about delay in supply chain for the products. So how do you see that affecting our projects timeline?<\/p>\n

Anand Pandit<\/strong><\/p>\n

Fortunately, we do not have any import component in our supply chain. So we are in a way insulated with this geopolitical issues.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Thank you. Thank you so much.<\/p>\n

Anand Pandit<\/strong><\/p>\n

Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. We’ll move on to our next question from the line of Majid Ahmed from Pinpoint X Capital. Please go ahead. Yes, please go ahead. Majid.<\/p>\n

Rakesh Gupta<\/strong><\/p>\n

Yes sir. Thank you for the opportunity, sir. A very good set of numbers. Sir, my first question that I have is for the completed projects there has been an improvement in ARC one in terms of the realization like has there been any kind of price increase there in that micro market?<\/p>\n

Anand Pandit<\/strong><\/p>\n

Especially with that project which is a very unique project. It’s a redevelopment of existing office building. I don’t know any other developer who has done that. But we took up this project as a redevelopment and that building has come up very nicely and people have really appreciated that. So it’s not about that micro market but that particular building. Since we achieved the occupation certificate and other amenities got completed, the prices has gone up.<\/p>\n

Rakesh Gupta<\/strong><\/p>\n

Okay, so got it<\/p>\n

Anand Pandit<\/strong><\/p>\n

Sir.<\/p>\n

Rakesh Gupta<\/strong><\/p>\n

Sir, if you can, on the ongoing project of the pre sales, what we achieved, how much have we converted into revenue? And like that was not present in the presentation. If you can include that, it will be helpful for investors.<\/p>\n

Anand Pandit<\/strong><\/p>\n

Yeah, okay, we’ll do so.<\/p>\n

Rakesh Gupta<\/strong><\/p>\n

Okay. So as of now how much is the revenue? Sir, as of now of the presales of 866 crores that we included<\/p>\n

Unidentified Participant<\/strong><\/p>\n

66 total presale of 1157 you are talking about or specific project you are asking?<\/p>\n

Rakesh Gupta<\/strong><\/p>\n

Yeah, of the ongoing project, how much have we recognized in the income statement for this year?<\/p>\n

Sanjay Kumar<\/strong><\/p>\n

So for 1157 crore we have recognized 460 crore revenue. That.<\/p>\n

Rakesh Gupta<\/strong><\/p>\n

Okay, got it sir. And secondly I was seeing<\/p>\n

Sanjay Kumar<\/strong><\/p>\n

This<\/p>\n

Anand Pandit<\/strong><\/p>\n

Is in Q4. Q4 we are talking about.<\/p>\n

Rakesh Gupta<\/strong><\/p>\n

Okay sir, got it sir. Answer When I’m seeing many of your upcoming projects like Lotus Monarch, Lotus Avalon, Lotus Solana, all these projects are now getting delayed like more than like 3 4\/4. Like what is the reason? Any kind of approval issue or anything happening.<\/p>\n

Anand Pandit<\/strong><\/p>\n

So two projects we have, we have to get multiple approvals. One is, one is existing hospital. So we need to construct that hospital and get our cell area separately. So that’s why it is taking little more time.<\/p>\n

Rakesh Gupta<\/strong><\/p>\n

And sir, when I was looking to load the Celestia the last presentation your rera carpet area was 177,000 and now it is reduced by 17,830 square foot. Like why? What has led to the difference?<\/p>\n

Sanjay Kumar<\/strong><\/p>\n

Yeah, so Madith, this is Sanjay. So regarding what happened in the Dehra carpet area, balcony area is excluded. It is in the FSA constructed in FSI but the railway does not allow for to include the balcony area. That’s the reason the net carpet area is lesser than the 171.<\/p>\n

Rakesh Gupta<\/strong><\/p>\n

Okay sir. Sir, about Lotus Residency project, like the last presentation it was mentioned Lotus Residency but I’m not able to see in the current one, the upcoming.<\/p>\n

Sanjay Kumar<\/strong><\/p>\n

We have changed the name of the this project because the existing society name is the residency. So we have not named that. So now we have named it<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Lotus is the name of the Lotus<\/p>\n

Anand Pandit<\/strong><\/p>\n

Insignia is the Lotus Residency. We what we do is all our redevelopment projects we don’t generally continue the old name because it gives a smell of old redeveloped building. Rather than that we change the names every time. So we have changed the name.<\/p>\n

Rakesh Gupta<\/strong><\/p>\n

What about Lotus Aquarium in Prabhadevi? Like any previews are we looking?<\/p>\n

Anand Pandit<\/strong><\/p>\n

We’ll be launching it very soon. Work has already started.<\/p>\n

Rakesh Gupta<\/strong><\/p>\n

So finally like going forward the margins would sustain at this level or do you see any kind of. Kind of any hit in your margin due to the marketing spends that you’re looking at.<\/p>\n

Anand Pandit<\/strong><\/p>\n

So marketing spend, as I said it could be even less than 1%. But again against that we will be having a lot of direct customers also. So that will take care about not paying other commissions. So margin we are very confident that it will be in the same range what we have guided.<\/p>\n

Rakesh Gupta<\/strong><\/p>\n

Finally like just want to appreciate the company’s thought process on the ongoing dividend dealing. Like so like what’s the rational sir like for the dividend policy as of now?<\/p>\n

Anand Pandit<\/strong><\/p>\n

So right now we are in process of formulating dividend policy. We don’t have dividend policy right now but we will be deliberating at our next meetings. But right now we have declared 50% dividend for non promoters, all non promoters. We want to start giving them the dividend.<\/p>\n

Rakesh Gupta<\/strong><\/p>\n

Okay, so got it. Thank you. That’s a perfect<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Next question is from the line of Nikhil Oswal from Oswal Investments. Please go ahead.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Hello. Congratulations on a good set of numbers, sir. So I had a little bit of concern on the collections part. So last quarter when we attended the conference call, you guided that the collections in Q4 will be much better than Q3. But having said that the collections again have come to only around 80 odd crores against a revenue of 308 crores. So. And so again what I understand is how we collect is on a percentage completion basis. So when. When you put up, you know, slab by slab then you ask the customers to you know, pay that portion of the the completed part.<\/p>\n

So then in that case why the collections are so low? Just wanted some understanding on this.<\/p>\n

Sanjay Kumar<\/strong><\/p>\n

Nikhil, this is Sanjay. So regarding the collection, whatever you are rightly say that it is linked with the construction schedule. So. So what happened? The expenses incurred during the up to Clint is high. And then after the RCC there is the low construction cost and reason behind our. All four projects which are newly launched are in the currently in the basement. So we are targeting that this quarter and next quarter. So this half year we will get the good collection because there is the new from the client will be increased as a construction will be progress.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay, so but you would have again asked the clients for the payment, right? Because whatever is done, that particular part at least you you have recognized. And. And then what’s the concern? I mean the clients, are they not paying or how is it?<\/p>\n

Anand Pandit<\/strong><\/p>\n

The issue is. I will explain you. When your project is in basement, few percent of money is due. Once you come to Plinth then there are some percentage due. Then there is a slab rise. So right now all the four projects are in basement level. So that’s why, you know, even though there is a recognition of sale, but the collection we cannot take the collection more. But as soon as they come on all the project from the clean then there will be a continuous flow.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay sir. Got it. So Q1 onwards the collection should pick up, right? Q.<\/p>\n

Anand Pandit<\/strong><\/p>\n

Yes. Okay.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay. So thank you and all the best.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Before we take the next question, would like to remind participants to ask a question. Please press star n1 on your phone. Next question is from the line of Harsh Pathak from Motilal Oswal. Please go ahead.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Hi, good afternoon. Anand ji and team. So I just wanted to know where are we on the approval Stage? For the H1 launches, Aquaria, Sky Plaza and Trident,<\/p>\n

Anand Pandit<\/strong><\/p>\n

Almost all the approvals are in place of almost. You want separate every. Every project wise?<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Yes, yes.<\/p>\n

Anand Pandit<\/strong><\/p>\n

So Trident, we have got the full approval. Sky Plaza, almost, I would say about 80% approvals. We have got then aquaria hundred percent approval. We have got. Work has already started.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay. So Aquaria and Titan, we are thinking to launch in the current month or it will be lower to June<\/p>\n

Anand Pandit<\/strong><\/p>\n

This quarter. This quarter we will be launching.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay, okay, got it. Got it. And in terms of traction across these projects, since you know, one is a residential project, the other two are commercial ones, how. How are we seeing traction in terms of demand for the commercial space and the residential one? How is the inquiry? How is the response we have gotten on the UI stage?<\/p>\n

Anand Pandit<\/strong><\/p>\n

Commercial is doing extremely well across all the micro markets. And residential in ultra luxury also has a very strong demand.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Sure. So how are we thinking in terms of pricing with respect to the micro market? How are we thinking to place these products?<\/p>\n

Anand Pandit<\/strong><\/p>\n

So both the unresolute commercial also will be launching like a luxury collection only.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay.<\/p>\n

Anand Pandit<\/strong><\/p>\n

As you know our pricing in any micro market we are about 10 to 20, 25% higher than any other competitor.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Understood. So we’re following the same thing in that. And in terms of the second launches in the second half, the balance sheet projects, where are we on the approval stage and how confident are we on, you know, doing the launches in the second half?<\/p>\n

Anand Pandit<\/strong><\/p>\n

So that remaining three also I think we’ll be having all April in this. This quarter only. So next quarter will be launching all three projects.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay, Understood sir. Thank you. Thank you so much.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Next question is from the line of Ashok Shah from Eklavya Invesco family office. Please go ahead. Mr. Ashok Shah, your line is unmuted. Please go ahead with your question.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Yeah, thanks for taking my questions. We had a one project in central suburb Ghatkopar. So what was the whether it has been closed and what is the loss realized?<\/p>\n

Anand Pandit<\/strong><\/p>\n

There is no loss in that project itself. On final hearing at supreme court there are some six bungalow owners and the society, they both have gone to the court. We have no role into that. But it has, it is now reached to the final stage. We can have conclusion by this year.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

So if it is in our favor then what would be could be the size of this project. It could be a very big project.<\/p>\n

Sanjay Kumar<\/strong><\/p>\n

So it is around 600 crores GDV project.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay. Okay. And secondly sir, I just wanted to have you appreciation for not taking dividend for dvd. Giving dividend to other shareholders. And that’s all from my side. Thank you. Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Ladies and gentlemen. To ask a question Please press star N1 on your phone. Next question is from the line of Sakshi Pratap from Pratap Securities. Please go ahead.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Hello.<\/p>\n

Operator<\/strong><\/p>\n

Yes Sakshi, please go ahead.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Hi sir. Congratulations on the great set of numbers. Firstly, so two questions from my end. First given the geopolitical tensions are you seeing any pressure on coast and how do you see the demand environment going? Is there any slowdown that we facing?<\/p>\n

Anand Pandit<\/strong><\/p>\n

So this has got two different aspects. Number one is yes, there would be some inflation and some cost rise. But that cost rise in totality of the project will not be more than about one and a half to two and a half percent because let’s say about 20%. I would say about 20% is our construction cost from our selling price. So on that it may be about 10% cost rise. So effectively in the whole project it would be two, two and a half percent, not more than that. That’s one second. Because of this tension on positive side lot of NRIs and HNIs have started looking Mumbai as their investment destination.<\/p>\n

So that advantage we are getting against this.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Got it. And so second question. Any plans to sign new commercial developments to add in the pipeline and what would be the average realization that you will target for any such commercial project?<\/p>\n

Anand Pandit<\/strong><\/p>\n

So we already have two new commercial projects which we will be launching first half of this year and depending on where we are, you know, in which market. Because this both the projects are in under the west micro market. So pricing will depend on market of course. But we’ll be able to fetch 10 to 15% or 20% more than our rivals.<\/p>\n

Operator<\/strong><\/p>\n

Got it. Thank you. Thank you so much for the detail. Thank you. We’ll take our next question from the line of Siddharth S from Nafa. Please go ahead.<\/p>\n

Varun Shivram<\/strong><\/p>\n

Siddharth and the group members. I would just like to get a hint on what the collection trends are going to be. So there’s been a disappointment in the last quarter in terms of you know, collections not catching up with your fees. Give me a think on that. That would be really helpful.<\/p>\n

Sanjay Kumar<\/strong><\/p>\n

I see that. So the earlier also explained that because the all the projects are under in the basement. So the collection, once the super structure will start, the collection will be improved. So you will get, get the collection will be much better in this quarter and next quarter.<\/p>\n

Varun Shivram<\/strong><\/p>\n

Okay, so. So in general this quarter you’re expecting it to you know, accumulate or you know, which is the quarter that you know expects, you know, highest form of failure.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Siddharth, can you repeat it? The voice is not clear. Your voice<\/p>\n

Anand Pandit<\/strong><\/p>\n

Is not clear. Siddharth,<\/p>\n

Operator<\/strong><\/p>\n

The audio is not clear. Please use your handset mode and speak a bit louder please. Hello, Siddharth.<\/p>\n

Anand Pandit<\/strong><\/p>\n

Since there is<\/p>\n

Operator<\/strong><\/p>\n

No response. Yeah. As a runoff for the questions, I would now like to hand the conference over to management for closing comments. Over to you, sir.<\/p>\n

Anand Pandit<\/strong><\/p>\n

Thank you. We thank everyone for joining. The call today to conclude this quarter underscores not only strong financial performance but but also the resilience and scalability. As we continue to deepen our presence in Mumbai, our focus remains on translating our robust pipeline into predictable cash flows and sustained profitability. What differentiates Lotus is not merely growth, but the quality of growth. We continue to operate with a strong profitability supported by healthy margins, robust returns, ratios and a net cash balance sheet.<\/p>\n

Our business model, anchored in disciplined project selection, premium micro market positioning and execution excellence ensures that growth remains consistent and value based across cycles. We thank you for your continued engagement and confidence. For any further queries or clarifications, please feel free to reach out to sga, our investor relations advisors. Thank you once again and have a good day.<\/p>\n

Operator<\/strong><\/p>\n

Thank you on behalf of Shree, Lotus Developers and Reality Limited. That concludes this conference. Thank you for joining us and you may now disconnect your lines.<\/p>\n","protected":false},"excerpt":{"rendered":"

Note: This is a preliminary transcript and may contain inaccuracies. It will be updated with a final, fully-reviewed version soon. Sri Lotus Developers And Realty Ltd. (NSE: LOTUSDEV) Q4 2026 Earnings Call dated May. 13, 2026 Corporate Participants: Anand Pandit \u2014 Chairman and Managing Director Sanjay Kumar \u2014 Chief Executive Officer Rakesh Gupta \u2014 Chief […]<\/p>\n","protected":false},"author":2377,"featured_media":147581,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6349],"tags":[10169,9175,9104,9092,14492,10089],"class_list":["post-182829","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-transcripts","tag-earnings","tag-earnings-call","tag-earnings-conference","tag-earnings-transcripts","tag-financial-results","tag-quarterly-earnings"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":180974,"url":"https:\/\/alphastreet.com\/india\/sri-lotus-developers-and-realty-ltd-lotusdev-q3-2026-earnings-call-transcript\/","url_meta":{"origin":182829,"position":0},"title":"Sri Lotus Developers And Realty Ltd. 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Mehta \u2014 Analyst Mohit Surana \u2014\u2026","rel":"","context":"In "Earnings Call Transcripts"","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":180005,"url":"https:\/\/alphastreet.com\/india\/sri-lotus-developers-and-realty-limited-reports-strong-q3-fy26-pre-sales-growth-revenue-and-profit-rise\/","url_meta":{"origin":182829,"position":1},"title":"Sri Lotus Developers and Realty Limited reports strong Q3 FY26 pre-sales growth; revenue and profit rise","author":"Staff Correspondent","date":"February 9, 2026","format":false,"excerpt":"Sri Lotus Developers and Realty Limited (NSE: LOTUSDEV, BSE: 544469) reported strong operating and financial performance for the quarter and nine months ended Dec. 31, 2025, supported by sharp growth in pre-sales, higher revenue and improved profitability, according to the company\u2019s Q3 FY26 investor presentation. 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