Shares of Macrotech Developers, the operator of realty player Lodha, gained in the morning session on April 8, following the company's positive report for the March quarter.
At 12.15 pm, Macrotech Developers shares were higher by 2.51 percent higher, trading at Rs 1,134.35 apiece on the NSE.
In its fourth-quarter update, Macrotech Developers Lodha reported sales worth Rs 4,810 crore, surpassing estimates of Rs 4,700 crore. Annually, Macrotech Developers Lodha achieved pre-sales of Rs 17,630 crore (up 21 percent YoY), surpassing its 2025 guidance.
This jump was largely fueled by its positive reports for the fourth quarter of 2025. Lodha added two new projects in Pune with a gross development value of Rs 4,300 crore in the fourth quarter of FY25. With these two acquisitions, the company now has nine locations across Pune.
During the year, Lodha has added 10 new projects with Rs 23,700 crore of Gross Development value across MMR, Bengaluru and Pune, surpassing its full year guidance of Rs 21,000 crore. For Digital Infra (warehousing and industrial), Lodha has added two locations in NCR and Chennai. .
Domestic brokerage Nuvama Institutional Equities maintained its 'buy' call on Lodha, however, the brokerage cut its target price to Rs 1,582 per share, down from Rs 1,703 earlier. This comes as Nuvama cited concerns on future sales growth amid softness in housing volumes.
JM Financial also retained its ‘buy’ rating with a target price of Rs 1,480, which implies an upside of around 25 percent from the current market price.
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