Lodha Developers' Q1 net profit doubles to record Rs 1,373 cr

Lodha Developers reported a record profit and strong revenue growth for the quarter. The company successfully reduced its net debt while maintaining low leverage ratios. Pre-sales and collections saw significant year-on-year increases, reflecting robust market demand. Lodha plans substantial expansion in its annuity business over the next six years. The developer also sold land at its Palava Green Data Center Park.