Macrotech to Invest Over Rs 80 Billion in FY26 for Land Acquisition

28 Apr 2025 CW Team

Macrotech Developers Ltd, one of India's largest real estate companies operating under the 'Lodha' brand, plans to invest over Rs 80 billion in the current financial year (FY26) to acquire land parcels in Mumbai Metropolitan Region (MMR), Pune, and Bengaluru. This investment is part of the company's strategy to expand its residential project portfolio.

Under its new business development strategy, Macrotech purchases land outright and also forms joint development agreements (JDAs) with landowners, which involve upfront payments. In FY25, the company acquired 10 land parcels across MMR, Pune, and Bengaluru, expected to generate a revenue potential of Rs 237 billion.

For FY26, Macrotech has set a guidance of Rs 210 billion in sale bookings, a nearly 20% increase over the Rs 176.3 billion recorded in FY25. In FY25, the company surpassed its pre-sales guidance of Rs 175 billion, registering a 21% growth from Rs 145.2 billion achieved in FY24.

Q4 and FY25 financial results

Macrotech reported a 38% rise in its consolidated net profit to Rs 9.22 billion for the quarter ended March 2025, compared to Rs 6.66 billion in the corresponding period of the previous year.

Total income for the quarter rose to Rs 44.2 billion, up from Rs 40.84 billion a year ago.

For the full FY25, the company's net profit surged to Rs 27.64 billion, up from Rs 15.49 billion in FY24, while total income increased to Rs 141.7 billion from Rs 104.7 billion.

Macrotech Developers has delivered around 100 million square feet of real estate to date and is currently developing over 110 million square feet under its ongoing and planned portfolio.

(Mint)

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