New Delhi, July 8 -- Realty company Lodha Developers Ltd's latest business update didn't excite the Street. Pre-sales or bookings rose 10% year-on-year to Rs.4,450 crore in Q1FY26. This growth rate is lower than its full-year growth guidance of 20%. Thus, the stock fell 1.5% on Tuesday.

According to the management, geopolitical tensions in the first half of the quarter led to loss of activity for around two weeks. But the management is confident of recovering the loss in the latter part of the year. Lodha remains on track to achieve its FY26 pre-sales guidance of Rs.21,000 crore, aided by a strong launch pipeline on the back of significant business development achieved in Q1FY26, it said.

In line with the pre-sales trajectory, collectio...