Macrotech Developers Q1 FY25 Profit Soars 2.7 Times to Rs.4.75 Bn

02 Aug 2024 CW Team

The company's revenue also saw a significant rise, increasing by 33% to ?3,150 crore from Rs.2,365 crore in the same period last year. Macrotech Developers, known for its Lodha brand, credited the strong performance to the growing demand for residential properties and the successful launch of new projects.

Abhishek Lodha, Managing Director and CEO of Macrotech Developers, expressed optimism about the company's growth trajectory. He highlighted the favorable market conditions and the company's strategic initiatives that have driven sales and profitability. Lodha emphasized the company's commitment to delivering high-quality homes and enhancing customer satisfaction.

The company's sales bookings increased to Rs.3,450 crore in Q1 FY25, up from Rs.2,900 crore in Q1 FY24, indicating strong market demand. Additionally, the company launched projects worth Rs.4,000 crore in the first quarter, further bolstering its market position.

Macrotech Developers also reported a reduction in its net debt, which stood at Rs.15,000 crore at the end of June 2024, down from Rs.16,000 crore in March 2024. The company aims to continue its deleveraging efforts to strengthen its balance sheet.

Looking ahead, Macrotech Developers plans to launch more projects and expand its footprint in key markets. The company is confident that its focus on operational excellence, customer-centric approach, and strategic project launches will continue to drive growth and profitability in the coming quarters.

The robust performance in Q1 FY25 reflects Macrotech Developers' strong market position and its ability to capitalise on the growing demand for residential properties in India.

Macrotech Developers, a leading real estate company, has reported a substantial increase in its net profit for the first quarter of the fiscal year 2024-25. The company's profit surged by 2.7 times to Rs.4.75 billion, compared to Rs.175 crore in the corresponding quarter of the previous year. This impressive growth is attributed to robust sales and improved operational efficiency. The company's revenue also saw a significant rise, increasing by 33% to ?3,150 crore from Rs.2,365 crore in the same period last year. Macrotech Developers, known for its Lodha brand, credited the strong performance to the growing demand for residential properties and the successful launch of new projects. Abhishek Lodha, Managing Director and CEO of Macrotech Developers, expressed optimism about the company's growth trajectory. He highlighted the favorable market conditions and the company's strategic initiatives that have driven sales and profitability. Lodha emphasized the company's commitment to delivering high-quality homes and enhancing customer satisfaction. The company's sales bookings increased to Rs.3,450 crore in Q1 FY25, up from Rs.2,900 crore in Q1 FY24, indicating strong market demand. Additionally, the company launched projects worth Rs.4,000 crore in the first quarter, further bolstering its market position. Macrotech Developers also reported a reduction in its net debt, which stood at Rs.15,000 crore at the end of June 2024, down from Rs.16,000 crore in March 2024. The company aims to continue its deleveraging efforts to strengthen its balance sheet. Looking ahead, Macrotech Developers plans to launch more projects and expand its footprint in key markets. The company is confident that its focus on operational excellence, customer-centric approach, and strategic project launches will continue to drive growth and profitability in the coming quarters. The robust performance in Q1 FY25 reflects Macrotech Developers' strong market position and its ability to capitalise on the growing demand for residential properties in India.

Infrastructure Urban

03 Apr 2026

Centre Disburses Over Rs 24,610 mn in XV Finance Commission Grants

The Union Government has released XV Finance Commission tied grants during the financial year 2025–26 to rural local bodies in Chhattisgarh, Gujarat, Madhya Pradesh, Punjab and Sikkim and has released withheld portions of tied and untied grants to Himachal Pradesh, Odisha and Tripura. The total disbursal exceeded Rs 24,610 mn, with figures expressed in million (mn) thereafter. The releases cover allocations pertaining to different financial years and aim to strengthen rural local governance. State-wise disbursements included Rs 3,324.6 mn for Punjab, Rs 9,432.7 mn for Madhya Pradesh, Rs 3,47..

Infrastructure Urban

03 Apr 2026

Centre Releases Over Rs 15 bn as XV FC Grants to Rural Bodies

The Union Government has released over Rs 15 bn in grants recommended by the Fifteenth Finance Commission (XV FC) to strengthen Panchayati Raj Institutions (PRIs) and Rural Local Bodies (RLBs) in six states. The funds comprise tied and untied grants disbursed in FY 2025–26. Telangana received Rs 2.48 bn as the first instalment of untied grants for FY 2025–26, benefitting 12600 Gram Panchayats (GPs). Uttarakhand received Rs 913.1 mn as the second instalment and an additional Rs 18.4 mn of a withheld first instalment was released to a further 216 GPs. Mizoram is included among beneficiary st..

Infrastructure Energy

03 Apr 2026

Government Assures Fuel Supplies And Seafarer Safety Amid West Asia Developments

The Government of India has stepped up coordinated measures to maintain stability in critical sectors as developments in West Asia continue to unfold. It has prioritised uninterrupted energy supplies, safeguarded maritime operations and extended consular assistance to nationals. Central authorities are working with State and Union territory administrations to ensure timely information dissemination and operational continuity. Refineries are reported to be operating at high capacity with adequate inventories of petrol and diesel, and domestic LPG production has been increased to support consump..