The value of the deal is pegged at ₹294.07 crore, and Solidrise Realty Private Limited was incorporated in 2025.
Lodha Developers will acquire an 80% equity stake in the company
The company reported that the transaction is slated to be completed by February 16, 2026.
The company stated that with this deal, the real estate company would look to expand its footprint in Maharashtra’s second-largest city.
Lodha Q3 Results
When it comes to its recent results, the company reported a rise in profit, with the bottom line rising 1.3% to ₹956.9 crore from ₹944.4 crore in the year-ago period.
In addition, the top-line figure grew by 14.4% to ₹4,672 crore during the quarter. In the previous cycle, the Revenue from operations came in at ₹4,083 crore.
Importantly, EBITDA for the quarter rose to ₹1,415 crore from ₹1,305 crore, marking an 8.4% YoY jump. Operating margin stood at 30.3%, lower than the 32% recorded in the corresponding quarter of FY25.
When we take a look at the stock’s recent performance, the company shares closed in the red on Friday, with a near 1% decline. Over the past three months of trade, the shares of Lodha Developers have seen a drop of 12% in value. The current share price stands at ₹1,053.75
Also Read: Lodha Developers Q3 revenue rises 14%, net profit flat, margins lower
