Lodha Developers Limited (NSE: LODHA), India’s leading real estate developer, announced its financial results for the quarter ended September 30, 2026. The company reported a profit after tax (PAT) of ₹1,013 crores showing strong growth of 28% compared to the same quarter last year. H1 FY27 PAT stood at ₹2,386 crores growing 63% year-on-year (YoY). Revenue for the quarter stood at ₹4,468 crores and pre-sales for the quarter at ₹5,037 crores.

Strong Financial Performance

Commenting on the performance, Mr. Abhishek Lodha, Managing Director, said, “We are pleased to deliver continued strong operating and financial performance in Q2 FY27, building on the momentum we have sustained since our IPO in 2021. Profit grew over 28% YoY for the quarter to ₹1,013 crore, on the back of 18% revenue growth to ₹4,468 crore. Our PAT margins were 22.1%. Coupled with the robust growth this showcases the strength of the business and the strong underlying profitability. Basis the strong performance in H1, we expect to easily exceed our profit guidance for the year.

Expansion and Growth Initiatives

Pre-sales stood at ₹5,037 crore growing 10% YoY, taking H1 pre-sales to over 40% of our full-year guidance — in line with our guidance at the start of the year. Our Bengaluru expansion continues to gather pace, with another successful launch in North Bengaluru during the quarter. The strength of this response reaffirms robust underlying demand for a quality brand like Lodha and helps allay concerns around AI-led disruption impacting segments beyond affordable housing. Our NCR pilot is also progressing well, with a launch planned this festive season.

Future Outlook

As the festive season gets underway, we have further launches planned across new locations, giving us good visibility on achieving our full-year guidance. Augmenting our DevCo strength, our RentCo business is at the cusp of an exponential growth as we participate meaningfully in AI infrastructure build-out through data centers. Our self-funded data center annuity strategy will get into execution mode over the course of next 6 months. We see a low-risk 10x growth in our annuity income — from ₹300 crore to ₹3,000 crore between FY26 and FY32.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Lodha Developers Limited

Lodha Developers Limited belongs to the Real Estate › Real Estate – Development sector. Here’s a quick read on where the business and the stock stand today.

Lodha falls 10.9% over three months and has not found a floor yet. The PEG of 0.28 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Premium net margins of 22.7% demonstrate strong cost discipline and a wide competitive moat. The stock holds at 59% of its 52-week range with RSI at 38. In other words, neither side has a clear edge right now. Revenue grows at 20.4% and profits at 91.7% CAGR, with D/E of 0.35. Meanwhile, the stock dips 10.9% in three months without any fundamental deterioration. Consequently, the stock quietly becomes cheaper relative to earnings power. For long-term investors, that is a feature. Check Fundamentals of Lodha Developers Limited.

Smartworks Coworking Spaces Limited (SMARTWORKS) announced its financial results for the quarter ended September 30, 2026 (Q2 FY27), delivering another quarter of strong growth in revenue and profitability. The company’s revenue from operations grew 39% year-on-year to ₹591 crore, marking the company’s sixth consecutive quarter of sequential revenue growth since listing. Normalised EBITDA increased 68% year-on-year to ₹117 crore, with margins improving to 19.8%, while normalised profit after tax more than doubled to ₹43.4 crore.

Q2 FY27 Performance Overview

Backed by a strong first-half performance, sustained demand and a growing pipeline of large deals, Smartworks has raised its FY27 revenue growth guidance to 33–35%, from the earlier 28–30%. The company has maintained its normalised EBITDA margin guidance of 19–20% trending towards the upper band and its target of adding 2.5–3 million sq. ft. annually.

Operational Highlights

The total footprint reached ~17.5 million sq. ft. across 71 centres, including signed and upcoming properties. Operational footprint increased to ~10.9 million sq. ft. Mature centres maintained occupancy of ~88%, while committed occupancy stood at ~91%. Singapore operations expanded to four centres with ~1,600 seats. Two of the company’s and the world’s largest managed office campuses, Eastside, ~863,000 sq. ft in Pune and Eastbridge, ~ 815,000 sq. ft. in Mumbai, are scheduled to become operational in the second half of FY27.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Smartworks Coworking Spaces Limited

Smartworks Coworking Spaces Limited belongs to the Real Estate › Real Estate Services sector. Here’s a quick read on where the business and the stock stand today.

Smartworks posts a 2.4% three-month gain, but softens in the last few weeks. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. No meaningful dividend — total return is entirely dependent on capital appreciation. RSI stands at 30, well into oversold territory. Yet sellers still dominated on 20 of recent sessions versus 10 for buyers, so the pressure has not fully lifted. Revenue grows at 36.2% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Smartworks Coworking Spaces Limited.

Kalpataru Limited (NSE: KALPATARU) has reported a resilient performance for the quarter and half year ended 30th September 2026. The company achieved pre-sales of ₹1,258 crore and collections of ₹1,189 crore in Q2 FY27, while H1 FY27 pre-sales stood at ₹2,587 crore and collections reached ₹2,554 crore, marking a healthy 9% year-on-year growth in collections. Commenting on the results, Mr. Parag Munot, Managing Director, Kalpataru Limited, said: ‘We delivered a resilient performance during Q2 and H1 FY27, reflecting the strength of our brand, execution capabilities, and continued demand across our key markets.’

Operational Highlights

During the quarter, the company launched Kalpataru Elaara in Goregaon West, Mumbai, a premium residential development offering well-designed 2, 3, and 4-bedroom residences along with an extensive range of lifestyle amenities. The project further strengthens our presence in one of Mumbai’s key residential micro-markets, benefiting from strong connectivity and proximity to established social infrastructure.

Financial Performance

For Q2 FY27, revenues from operations stood at ₹437 crore, adjusted EBITDA at ₹73 crore, and profit after tax (PAT) at ₹(71) crore. For H1 FY27, revenues from operations stood at ₹909 crore, adjusted EBITDA at ₹167 crore, and PAT at ₹(100) crore. The company has completed more than 2,200 units totaling ~2.37 msf in H1 FY27. This performance underscores our focus on disciplined execution, customer engagement, and cash flow generation. As we move forward, we remain focused on expanding our portfolio in high-potential markets, enhancing operational efficiencies, and delivering superior value to our customers and stakeholders.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Kalpataru Limited

Kalpataru Limited belongs to the Real Estate › Real Estate – Development sector. Here’s a quick read on where the business and the stock stand today.

Kalpataru trades in the lower quarter of its 52-week range. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. 3 loss quarters over five years is a serious red flag — earnings quality is poor and recovery is not guaranteed. The stock gains 2.3% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Revenue grows at -3.2% CAGR and the PEG stands at 99.00. The growth does not match the price the market asks. Furthermore, flat price action adds no technical catalyst. A lower price or faster revenue growth would improve the odds. Check Fundamentals of Kalpataru Limited.