Macrotech Developers reported a consolidated net profit of Rs 921.7 crore for the fourth quarter of FY25. The real estate player reported a rise in consolidated revenue of 5.1 percent at Rs 4224.3 crore for the quarter.
Collections for the January-March quarter increased by 26 percent year-on-year to around Rs 4,440 crore, according to the company's operational updates released earlier in April, with an embedded earnings before interest, taxes, depreciation, and amortisation (EBITDA) margin of 32 percent. Pre-sales for January-March grew by 14 percent year-on-year to Rs 4,810 crore.
For the financial year 2024-25, the Mumbai-based real estate firm's consolidated net profit increased by 71 percent to Rs 2,764 crore, while its topline grew by 34 percent to around Rs 13,780 crore. Collections for FY25 grew by 29 percent to around Rs 14,490 crore, while pre-sales grew by 21 percent to Rs 17,630 crore.
The company added 10 projects across its three key markets- Mumbai metropolitan region, Pune, and Bengaluru, with a total gross development value of Rs 23,700 crore, exceeding its guidance for the year.
In an interaction with Moneycontrol, Macrotech's executive director (finance) Sushil Kumar Modi said that the firm's strategy is playing out as it had intended.
"We have exceeded all of the guidance that we had given at the start of FY25, be it in terms of pre-sales, business development, or our underlying EBITDA of around Rs 5,900 crore, against pre-sales. Our strategy of focusing on key micro-markets in each of the three cities we are present in is playing out perfectly. Sales in the western suburbs of Mumbai have increased by more than two times year-on-year," Modi said.
He added that the company, also known as the Lodha Group, will aim to keep growing at its guided 20 percent annual growth rate across all of its key metrics.
"Going by the annual growth guidance, we are aiming for a pre-sales of Rs 21,000 crore and business development of around Rs 25,000 crore (in terms of gross development value), besides an operating cash flow of Rs 7,700 crore," said Modi.
The company declared a final dividend of Rs 4.25 per share, with the company's outflow on dividend payments expected to be around Rs 415 crore, Modi added. He said that the company expects to be "self-sustainable" in funding its large business development target, largely through internal cash flows.
Earlier this month, the company, helmed by managing director Abhishek Lodha, also settled its brand infringement lawsuit that it had filed against Abhishek's brother Abhinandan Lodha and his firm House of Abhinandan Lodha.
On April 24, Macrotech Developers' shares closed 3.3 percent lower at Rs 1,322 on the National Stock Exchange.
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