Guidance ledger · Q4 FY26

Macrotech Developers Ltd LODHA

4 revisions on record · 1 lowered · 2 raised — the strikethrough is what management used to say

gives specific guidance · shifted across quarters

Holding view → · latest concall · The pulse

→ narrowed Primary guidance metric Q1 FY26 → Q4 FY26

~~Presales (H1 40-45% of INR210bn FY26 target, Q1FY26)~~ → PAT CAGR 20% medium-term; presales retained secondary at INR240bn FY27

“while we have a presales guidance, which is sort of in the mid-teens, our medium-term PAT guidance is at 20% or thereabouts.”

↑ raised Data center land value per acre Q1 FY26 → Q4 FY26

~~No specific target in Q1FY26~~ → INR0.7 billion per acre, generating INR120bn+ from FY27

“which we expect value to reach INR0.7 billion per acre over the next few years and total to generate over INR120 billion from fiscal '27 and onwards in land sales value.”

↑ raised FY31 PAT medium-term target Q3 FY26 → Q4 FY26

~~Not quantified in Q1-Q3FY26~~ → More than INR85 billion (20% CAGR from INR34bn FY26)

“moving from about INR34 billion for fiscal '26 to more than INR85 billion by fiscal '31.”

↓ lowered FY26 operating cash flow Q2 FY26 → Q3 FY26

~~INR77bn (implied in H1 targets)~~ → INR70bn plus/minus 5%

“INR 70 billion plus/minus 5% number, not the INR 77 billion.”

Method. Revisions come from management's own stated numbers, compared quarter over quarter across the covered concalls; each carries the verbatim quote. “No revisions” can also mean guidance too vague to pin down — see the posture chip above. Not investment advice.