Lodha goes past DLF in terms of revenues for the first nine months of FY18

Mumbai-based Lodha Developers has overtaken DLF, the country’s largest real estate player by market capitalisation, in terms of revenues for the first nine months of the previous financial year.

Lodha Developers posted revenues of Rs 66 billion, against DLF’s Rs 53.29 billion for nine months ended December 2017.

In the same period of 2016-17, Lodha’s revenue was Rs 55.72 billion versus DLF’s Rs 59.96 billion. Lodha was closing the gap with DLF in the fourth quarter, with revenues of Rs 79.26 billion, against Rs 82.21 billion of DLF.

On Thursday, Lodha filed its draft red herring prospectus with capital market