Are Lodha Developers Ltd latest results good or bad?

Lodha Developers Ltd has reported a strong financial performance for the quarter ended December 2025, showcasing significant operational strength. The company achieved net sales of ₹4,672.50 crores, reflecting a quarter-on-quarter growth of 23.01%, which is a notable increase compared to the previous quarter's growth of 8.79%. This marks the highest quarterly sales figure recorded by the company to date. Additionally, the net profit for the same period reached ₹956.90 crores, representing a quarter-on-quarter growth of 21.33%, again surpassing the previous quarter's growth of 16.90%.
The operating profit margin (excluding other income) also demonstrated resilience, expanding to 30.29%, which is an improvement from 29.19% in the prior quarter. This margin expansion indicates effective cost management and operational leverage as the company scales its operations.

Despite these positive operational metrics, the company has faced challenges in stock performance, with shares declining significantly over recent months. This disconnect between strong operational results and stock performance has led to an adjustment in the company's evaluation, reflecting market sentiment that may not fully align with its operational achievements.

In summary, Lodha Developers Ltd's latest results highlight a robust operational performance characterized by substantial growth in sales and profits, alongside healthy operating margins. However, the ongoing decline in stock performance suggests underlying concerns that investors may need to consider.