Macrotech Developers Reports Rs 45 Billion Pre-Sales for Q3FY25

08 Jan 2025 CW Team

Macrotech Developers (Lodha Group) announced pre-sales exceeding Rs 45 billion for Q3FY25, marking a 32% year-on-year growth from Rs 34 billion in the same period last year. This figure represents the highest-ever pre-sales reported by the company.

Additionally, the company reported collections of over Rs 42 billion for Q4FY25, a 66% increase from Rs 25 billion during the same period in FY24.

In a regulatory filing on January 6, Macrotech revealed the launch of a new project in Bengaluru, valued at Rs 28 billion in gross development value (GDV). This addition brings the company’s presence in Bengaluru to five locations, with expectations for significant pre-sales growth in the city starting next fiscal year.

In the first nine months of FY25, the company launched eight new projects across Mumbai, Pune, and Bengaluru, with a combined GDV of over Rs 195 billion, achieving more than 90% of its full-year sales guidance.

Macrotech also made strategic acquisitions, including 33 acres of land for its Digital Infrastructure business in Delhi NCR. The company has partnered with its joint venture to increase its stake in its rental income platform, aligning with its strategy for stable annuity income and risk mitigation.

As of the latest update, the company’s net debt has reduced by Rs 6 billion to Rs 43 billion, with a debt-to-equity ratio of under 0.5x.

Abhishek Lodha, Managing Director and CEO, had previously outlined the company’s goals for Bengaluru, aiming for a 15% market share in the city’s real estate market by the end of the decade.

(Hinudstan Times)

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