Lodha Developers Private Limited provides real estate development services in India and the United Kingdom. It develops and sells residential and commercial properties, including homes, office spaces, IT parks, townships, weekend retreats, and retail spaces. The company was founded in 1980 and is based in Mumbai, India with additional offices in London, Dubai, and Shanghai.
N.M. Joshi Marg
Mumbai, 400 011
Founded in 1980
Lodha Developers Plans IPO
Oct 4 15
Lodha Developers Private Limited is considering going public, scaling up its commercial office development portfolio and entering Bengaluru in the medium term, said a top company executive. "We have a lot of well-wishers who are suggesting we go for an IPO, and we are contemplating it, but it won't happen this year," Lodha said. "Lodha will hit the market with its IPO at the right time. There's not much appetite for a real estate IPO in the current market conditions, so Lodha's IPO, which is expected to be a fairly big one, will happen only sometime next year," said a person familiar with the matter, who didn't wish to be named.
Lodha Developers Private Limited Reports Consolidated and Unconsolidated Earnings Results for the Year Ended March 31, 2015
Aug 13 15
Lodha Developers Private Limited reported consolidated and unconsolidated earnings results for the year ended March 31, 2015. The group reported total income of INR 62,848.24 million, profit before tax and exceptional items of INR 12,732.18 million, profit of INR 7,249.24 million or INR 29.81 per diluted share against total income of INR 47,279.50 million, profit before tax and exceptional items of INR 7,372.97 million, profit of INR 4,205.01 million or INR 17.48 per diluted share a year ago. Total revenue increased by 32.9% primarily due to an increase in revenue from operations by 33.0%. Net cash used in operating activities was INR 2,348.52 million against net cash from operating activities of INR 2,257.84 million a year ago. Purchase of fixed assets was INR 1,381.245 million against INR 1,269.318 million a year ago.
On unconsolidated basis, the company reported total income of INR 8,234.85 million, profit before tax and exceptional items of INR 793.39 million, profit of INR 283.08 million or INR 1.20 per diluted share against total income of INR 4,583.81 million, profit before tax and exceptional items of INR 82.12 million, profit of INR 1.35 million or INR 0.01 per diluted share a year ago. Net cash from operating activities was INR 4,127.853 million against net cash used in operating activities of INR 1,808.174 million a year ago. Purchase of fixed assets was INR 11.674 million against INR 19.020 million a year ago.
Lodha Developers International Limited Announces Executive Changes in Lodha Developers Private Limited
Jul 22 15
Lodha Developers International Limited announced that Mr. Piyush Vora has been appointed as the Chief Financial Officer of Lodha Developers Private Limited (Parent Guarantor). He is a Chartered Accountant by profession and was working with BDO India. Mr. Kishore Tidke, Chief Operating Officer has been appointed as the director of the Parent Guarantor Company. Mr. Anurag Singhvi has ceased to be the Director and CFO of the Parent Guarantor Company.