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A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
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Revenue
₹308 Cr
verified against source
Revenue YoY
62%
reported change
EBITDA
₹121 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Sri Lotus Developers reported a strong Q4 FY26 with pre-sales of ₹462 crore (+177% YoY) and revenue of ₹308 crore (+62% YoY). EBITDA margin stood at 39.4% and PAT at ₹101 crore (+17% YoY). The stellar pre-sales growth was driven by the successful launch of Lotus Celestia (₹155 crore bookings in 7 days) and steady traction from existing projects. For FY27, management guided pre-sales of ₹1,800-2,000 crore and revenue/PAT growth of 55-60%, backed by a pipeline of six launches (GDV ₹5,000-5,500 crore). Key risks include a moderate increase in input costs (~7%) and labor costs (~5%), though management expects only a 1% impact on overall project costs. Collections remain low due to projects being in basement stage, but are expected to improve as construction progresses.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects pre-sales to grow to ₹1,800-2,000 crore in FY27, driven by six planned launches with GDV of ₹5,000-5,500 crore.
- Revenue and PAT are expected to grow 55-60% year-on-year in FY27.
- Three projects (Aquaria, Trident, Sky Plaza) with combined revenue potential of ₹2,500-3,000 crore to be launched in H1 FY27.
- Marketing expenditure will be less than 1% of revenue, supporting brand visibility without margin pressure.
Risks flagged
- Input costs have risen ~7% and labor costs ~5% due to geopolitical tensions, potentially increasing overall project costs by ~1-2.5%.
- Collections were only ₹82 crore in Q4 vs revenue of ₹308 crore, as projects are in basement stage. Delays in construction could further strain cash flows.
- Some projects like Lotus Monarch and Avalon have been delayed by 3-4 quarters due to approval issues, which could impact future launches.
- A project in Kurla (GDV ~₹600 crore) is pending final hearing at the Supreme Court; an unfavorable outcome could result in loss of the project.
Key quotes
- We are in ultra luxury segment. So as far as ultra luxury segment there is a 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 to and shift to ultra luxury segment.
- 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.
- Marketing spend as I said it could be even less than 1%. But again against that we will be having our lot of direct customers also. So that will take care about not paying other commissions.
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