Macrotech Developers shares gain on recording presales of Rs 4,450 crore in Q1

Over the past year, shares have slipped 10 percent.

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26 Aug, 2025 12:21

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Realty major Macrotech Developers shares in trade on Tuesday, July 8 after achieving presales of Rs 4,450 crore in the first quarter of the current financial year, higher by 10 percent on-year.

The Lodha parent noted that this was  despite the impact of geopolitical tensions in the first half of the quarter which resulted in ‘loss’ of activity for ~2 weeks. The firm expects to make it up over the course of the rest of the FY.

"With further strengthening of our launch pipeline for the current FY on the back of significant business development achieved during the quarter, we remain on track to achieve FY26 presales guidance of Rs 21,000 crore," added the firm.

Further, collections for the quarter were at Rs 2,880 crore, showing a growth of seven percent YoY. "The collections were in line with business plan and we expect collections to be significantly higher
in H2 compared to H1," noted the real estate player.

In Q1FY26, Macrotech Developers added five new projects across MMR, Pune and Bengaluru with GDV of Rs 22,700 crore, which is >90% of full year guidance of Rs 25,000 crore.

Nomura maintained its 'buy' rating, with a price target of Rs 1,450 per share.

"We remain sanguine about Lodha’s growth prospects and believe it remains on track to achieve its FY26E pre-sales guidance of Rs 21,000 crore," said Nuvama Institutional Equities. The brokerage retained its 'buy' call, with a price target of Rs 1,619, increased from Rs 1,582 earlier.

"Lodha’s leadership in the MMR, which is registering healthy sales and robust business development are likely to culminate in steady sales growth. Faster land monetisation at Palava, portfolio growth and geographical diversification are potential stock catalysts," added the brokerage.

At 9.15 a.m., shares of the firm were quoting Rs 1,387.1, higher by 0.7 percent on the NSE.

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