New Delhi, May 4 -- Realty firm Lodha Developers Ltd aims for a 2.5 times jump in its annual net profit to over Rs.8,500 crore by the 2030-31 fiscal year as it remains bullish on demand for homes and commercial properties. In a conference call with analysts, Lodha Developers managing director (MD) and chief executive officer (CEO) Abhishek Lodha highlighted the company's strong growth since listing on stock exchanges in April 2021. "In fiscal '21, which was the peak of covid, we did Rs.60 billion of pre-sales. In FY26, we did Rs.205 billion, a 28% CAGR (compounded annual growth rate)," Abhishek said. More importantly, he added, the PAT (profit after tax) has grown more than 6 times over the same period, touching Rs.3,430 crore this year with a 20% margin. "Over the medium term, our goal is focused on 20% CAGR in PAT and therefore, moving from about Rs.34 billion for fiscal '26 to more than Rs 85 billion by fiscal '31," said Abhishek, according to a transcript uploaded on stock exchanges. "The building blocks are all in place, a strong development pipeline, a deepening annuity income base, a balance sheet with significant capacity and a brand that continues to command a very strong market position amongst consumers on the back of superior product and service delivery," he asserted. Recently, Lodha Developers reported that its net profit increased to Rs.3,430.7 crore last fiscal from Rs.2,766.6 crore in the preceding financial year. Its total income grew to Rs.17,119.5 crore last fiscal from Rs.14,169.8 crore in 2024-25. "The Indian housing market is in the early stages of a structural expansion that is likely to last for decades. The convergence of rising incomes, urbanisation, supply consolidation and improving infrastructure creates a backdrop that is truly unique," said Abhishek. He noted that the company is well-positioned to grow its market share in this environment, and "we intend to do so profitably and with discipline". As of April 1, 2026, Abhishek said the company's existing land bank has the potential to generate Rs.2 trillion worth of sales. This is excluding the long-term land in its townships, which will not be used in the next 5 years. Out of this, Lodha Developers will launch nearly Rs.22,000 crore worth of residential properties for sale during the current 2026-27 fiscal. According to its latest presentation, the company plans to launch 15 million sq ft for sale during this fiscal year with an estimated revenue of Rs.21,800 crore. These projects would be launched in the Mumbai Metropolitan Region (MMR), Pune, Bengaluru and Delhi-NCR....