Lodha Developers shifts financial reporting focus to audited Revenues and PAT
Lodha Developers Limited has announced a strategic change in its operational performance reporting, moving towards a focus on audited revenues and profit after tax (PAT) as the primary metric for assessing the business's health.The company, which gained listing since April 2021, previously highlighted its commitment to transparency within the real estate industry. Lodha was among the first entities to provide quarterly pre-releases concerning pre-sales and operational performance, alongside proforma profitability and Profit & Loss (P&L) statements to enable full insight into its operations.
As a next step in this journey, the company stated that it will concentrate on reporting audited Revenues and PAT along with relevant operating indicators, including pre-sales, as part of its future quarterly results. These updated figures are expected to be released in the last week of the current month, continuing forward.
Consequently, Lodha Developers Limited will cease issuing separate operating performance pre-releases. The company confirmed that its operational performance for the quarter that passed was aligned with previously issued guidance.
LODHA Stock Price Movement
On Friday, shares of Lodha Developers Limited rallied, closing up 5.46% or ₹54.90 as investor sentiment remained strong in the Realty sector. The equity traded robustly on a volume of 7.86 million shares, indicating heightened activity during the market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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