Mumbai, July 28 -- Total operating expenditure for Q1 FY26 was Rs 2,507.50 crore, up 20% YoY.

Profit before tax for the first quarter was Rs 903.50 crore, up by 38.9% from Rs 650.60 crore posted in the same period last year.

For the first quarter, the company's pre-sales was Rs 4,450 crore (up 10% YoY) and collections aggregating to Rs 2,880 crore (up 7% YoY).

Abhishek Lodha, MD & CEO, Lodha Developers, said: "On the back of interest rate cuts and the benefit from income tax cuts, we are seeing pick up in mid-income demand and we expect this to strengthen in H2 of this FY.

We are pleased to share that we have achieved more than 90% of our FY26 business development guidance in the first quarter itself. We added five projects at marquee...