Sri Lotus shares surge 29% on luxury and redevelopment momentum
Shares of Sri Lotus Developers & Realty have surged 29% over the past month, significantly outperforming a weak market, with the BSE Realty index and benchmark BSE Sensex losing over 6%. The stock hit a 52-week high of ₹233 on Thursday before closing at ₹227.6. The rally is driven by upcoming luxury project launches and redevelopment opportunities expected to fuel pre-sales, collections and earnings over the coming years.
The developer launched two projects towards the end of June, with Lotus Trident generating around ₹150 crore in pre-sales within a month of launch. Backed by four planned launches with combined gross development value of ₹3,500-4,000 crore, the company has guided for FY27 pre-sales of ₹1,800-2,000 crore, up sharply from ₹1,157 crore in FY26, while maintaining an EBITDA margin outlook of 35-40%. The company's pipeline comprises 22 projects—17 residential and 5 commercial—with aggregate GDV of around ₹17,500 to 18,000 crore. With 17 redevelopment projects in its pipeline, the company is leveraging opportunities in Mumbai's premium micro-markets where fresh land supply is limited.
Collections have emerged as a key earnings driver, with June quarter collections more than doubling year-on-year to ₹150 crore. The company expects full-year collections of around ₹1,000 crore as projects such as Arcadian, Varun and Amalfi move towards higher completion levels. A mixed-use development in GIFT City is underway with key approvals expected by end of FY27, while the recently secured ₹1,600-crore Juhu commercial redevelopment project is slated for completion over three-four years.
