Lodha records highest quarterly pre-sales of Rs 3,530 crore in Q2, up 12% on year
The company’s collections during the quarter rose 16% from a year ago to Rs 2,750 crore, while revenues from operations declined marginally to Rs 1,750 crore. Net profit for the period declined 42% to Rs 210 crore. Intense competition among mortgage providers coupled with RBI pause and the expected downward trajectory for rate cycle in 2024 means that the market has already seen the peak of mortgage rate.
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