Macrotech Developers reports 88% on-year growth in bookings in Q1

09 Jul 2021 CW Team

Macrotech Developers has reported an 88% on-year increase in bookings at Rs 975 crore for the first quarter of FY22.

Consecutively, the bookings in the January-March quarter decreased to 62% from Rs 2,531 crore. Due to the second Covid wave in India, April and May had very limited pre-sales, while June witnessed pre-sales of Rs 654 crore.

In the first quarter of 2021-22, the developer recorded collections of Rs 1,714 crore, a higher 346% from a year ago. The realty developer also decreased its consolidated net debt by Rs 3,600 crore during this period.

Establishing its presence in the Mumbai and Pune region, the group has entered into joint development agreements (JDAs) for two latest projects in this quarter, a total of 1.5 million sq ft of saleable area.

These two projects are in addition to two projects that it had started in May.

The location of the new joint development projects is in the Western and Eastern suburbs of Mumbai.

The western suburb project would have a complete saleable area of 1.2 million sq ft, while the eastern suburb project will have an area of 0.3 million sq ft.

Recently, the company received repayment of Rs Rs 1,596 crore, which the promoter's owed them.

With this repayment, the Initial public offering (IPO) fundraise and constant organic free cash flow production would help the group in its deleveraging plans and accomplish the target of net debt decrease to Rs 10,000 crore by this fiscal end.

The company said it is looking forward to maintaining its focus on its capital-light growth plan around affordable and capital-light growth plan mid-income residences and digital infrastructure, mid-income residences and affordable housing, including warehousing, data centres, and industrial parks, etc.

Image Source

Also read: Macrotech to double investment in construction in FY22

Also read: Lodha aims to turn company debt-free by FY2024

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..