Macrotech Developers net profit jumps 24% to Rs 286.38 cr in Q3
Real Estate

Macrotech Developers net profit jumps 24% to Rs 286.38 cr in Q3

Macrotech Developers had reported a 24% growth in its consolidated net profit at Rs 286.38 crore during the December-end quarter on higher sales. The company's net profit stood at Rs 231.71 crore a year ago.

The company markets its properties under Lodha Brand. It has projects in Mumbai Metropolitan Region (MMR) and Pune.

Its total income increased to Rs 2,148.74 crore during the October-December quarter, compared to Rs 1,599.77 crore during the same period the previous year.

The company said that its sales bookings increased 40% to Rs 2,608 crore. In London, its sales bookings stood around Rs 1,910 crore. During the last quarter, net debt for India declined sharply to Rs 9,896 crore.

CEO and Managing Director of Macrotech Developers, Abhishek Lodha, said that the company's strong sales bookings show recovery in the housing market and have taken root. The multi-year up-cycle in the housing sector is well underway.

He said that the company is witnessing a strong demand across its portfolio and at all price points. On the supply side, the company is accelerating at a great pace.

He added that the company has already raised Rs 4,000 crore from institutional investors. The company signed six more joint development agreements (JDAs) for 4.8 million sq ft with Rs 10,000 crore gross development value (GDV).

The company has already added 11 JDA projects of 8.8 million sq ft with a GDV of around Rs 14,600 crore.

Lodha expects housing demand to strengthen in the next 12 months on the back of strength in the Indian economy and government policies for the housing sector.

Image Source

Also read: Macrotech Developers to enter Bengaluru market to tap property

Macrotech Developers had reported a 24% growth in its consolidated net profit at Rs 286.38 crore during the December-end quarter on higher sales. The company's net profit stood at Rs 231.71 crore a year ago. The company markets its properties under Lodha Brand. It has projects in Mumbai Metropolitan Region (MMR) and Pune. Its total income increased to Rs 2,148.74 crore during the October-December quarter, compared to Rs 1,599.77 crore during the same period the previous year. The company said that its sales bookings increased 40% to Rs 2,608 crore. In London, its sales bookings stood around Rs 1,910 crore. During the last quarter, net debt for India declined sharply to Rs 9,896 crore. CEO and Managing Director of Macrotech Developers, Abhishek Lodha, said that the company's strong sales bookings show recovery in the housing market and have taken root. The multi-year up-cycle in the housing sector is well underway. He said that the company is witnessing a strong demand across its portfolio and at all price points. On the supply side, the company is accelerating at a great pace. He added that the company has already raised Rs 4,000 crore from institutional investors. The company signed six more joint development agreements (JDAs) for 4.8 million sq ft with Rs 10,000 crore gross development value (GDV). The company has already added 11 JDA projects of 8.8 million sq ft with a GDV of around Rs 14,600 crore. Lodha expects housing demand to strengthen in the next 12 months on the back of strength in the Indian economy and government policies for the housing sector. Image Source Also read: Macrotech Developers to enter Bengaluru market to tap property

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors...To read the full article Click Here..

Next Story
Real Estate

Serene Communities, Prathima Group Invest Rs 4 billion in Hyderabad

Serene Communities by Columbia Pacific, India’s largest senior living operator, has partnered with Prathima Group to develop two senior living projects in Hyderabad, marking its entry into Telangana. The collaboration represents an investment of Rs 4 billion, combining Serene’s international expertise with Prathima’s local development experience. The first project, Serene BILVANI One, launched in Shankarpally, is Hyderabad’s first premium senior living community. Designed for independent and active ageing, it features senior-friendly architecture, barrier-free design, and wellness..

Next Story
Infrastructure Urban

India remains our most important market

Foundamental, the world’s leading venture capital platform focused on the project economy, has launched its third fund to strengthen its presence in India, APAC, and other global markets. Led by Berlin-based Managing Partners Shubhankar Bhattacharya and Patric Hellermann, Fund III aims for a final close by the end of 2025. In an exclusive interaction with CW, Bhattacharya shares insights on the fund’s mandate, India’s role in their strategy, and the opportunities they see in the construction-tech and project-based sectors. Can you briefly explain Fund III’s mandate and how In..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?