India's second-most valued real estate firm Macrotech Developers (Lodha Group) has reported a 14 percent increase in its pre-sales for the January-March quarter to Rs 4,810 crore, while that for the FY25 increased by 21 percent to Rs 17,360 crore, surpassing its guidance for the financial year, which was Rs 17,500 crore. In a regulatory filing, Macrotech said that Q4 represented its best ever quarter in terms of pre-sales, with the same being the case for the financial year as well.
On a sequential basis, pre-sales in Q4 grew by 7 percent over October-December 2024, Lodha said in the filing.
The company also reported Q4 collections of Rs 4,440 crore, higher by 26 percent year-on-year and by 3 percent sequentially, while collections for FY25 were Rs 14,490 crore, an increase of 29 percent over FY24. Macrotech's net debt at the end of March 31 stood at Rs 3,990 crore, reducing by Rs 320 crore.
Against a FY25 guidance of Rs 21,000 crore, Lodha added projects worth Rs 23,700 crore in terms of gross development value, representing ten new projects across the Mumbai metropolitan region, Bengaluru, and Pune, excluding the company's digital infrastructure projects, under which the warehousing and data centre developments are housed.
During the January-March quarter, the company added two new projects in Pune, with a total gross development value of Rs 4,300 crore, taking its number of projects in Pune to nine.
At 1307 IST, shares of Macrotech Developers traded at Rs 1,114.15 apiece on the National Stock Exchange, lower by 5.7 percent over the previous close.
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