Hot Pursuit     05-Jul-24
Macrotech Developers on reports good Q1 update
Macrotech Developers announced that it has recorded pre-sales of Rs 4,030 crore in Q1 FY25, recording a growth of 20% on a YoY basis.
The real estate developer's pre-sales in the same period last year were Rs 3,350 crore.

The company’s collections stood at Rs 2,690 crore in Q1 FY25, up 12% on a YoY basis and 23% decline sequentially.

Despite the significant investments in business development, net debt stood at Rs 4,320 crore, well below the ceiling of 0.5x net debt/equity.

The company added three projects in MMR and Pune having Rs 11,100 crore of GDV which is more than 50% of full year guidance of Rs 21,000 crore.

The company stated that their consistent performance, robustness in business fundamentals and strong balance sheet has enabled credit rating upgrade to ‘AA- (Positive)’ by Crisil.

Macrotech Developers (Lodha Group) is among the largest real estate developer in India that delivers with scale since 1980s. Core business of Lodha Group is residential real estate development with a focus on affordable and mid-income housing.

The company’s consolidated net profit declined 10.6% to Rs 665.5 crore despite of 23.44% increase in revenue from operations to Rs 4,018 crore in Q4 FY24 over Q4 FY23.

The scrip rose 0.96% to currently trade at Rs 1,524.65 on the BSE.

Previous News
  Macrotech Developers Ltd Spikes 7.97%
 ( Hot Pursuit - 11-Mar-24   09:30 )
  Macrotech Developers to convene board meeting
 ( Corporate News - 22-Oct-22   12:31 )
  Macrotech Developers reappoints Raunika Malhotra as whole-time director
 ( Hot Pursuit - 07-Jun-23   12:01 )
  Macrotech Developers on reports good Q1 update
 ( Hot Pursuit - 05-Jul-24   11:07 )
  Macrotech Developers allots 53,800 equity shares under ESOS
 ( Corporate News - 27-Jun-23   09:31 )
  Lodha achieves pre-sales of Rs 3,035 crore in Q3 FY23
 ( Hot Pursuit - 06-Jan-23   09:26 )
  Macrotech Developers completes divestment of UK investments
 ( Corporate News - 15-Dec-23   20:23 )
  Lodha partners with Bain Capital and Ivanhoé Cambridge
 ( Corporate News - 11-May-22   19:12 )
  Macrotech Developers slides 15% in six days
 ( Hot Pursuit - 23-Feb-23   13:20 )
  Macrotech Developers gains about 9% in four days
 ( Hot Pursuit - 07-Oct-22   11:55 )
  Macrotech Developers allots 3.41cr equity shares under QIP issue
 ( Corporate News - 18-Nov-21   09:36 )
Other Stories
  PEL board OKs ad hoc appointments post Rupen Patel's passing
  06-Jul-24   16:41
  Info Edge Q1 FY25 billings climb 11% YoY
  06-Jul-24   15:50
  IndusInd Bank advances climb 16% YoY in Q1 FY25
  06-Jul-24   15:18
  Adani Wilmar reports 13% volume growth in Q1 FY25
  06-Jul-24   14:44
  Tata Motors JLR wholesale rises 5% YoY in Q1
  06-Jul-24   13:01
  Marico's domestic biz sees modest volume growth in Q1
  06-Jul-24   12:25
  Titan revenue rises 9% YoY, adds 61 stores in Q1
  06-Jul-24   11:09
  Dabur India expects mid to high digit revenue growth in Q1
  06-Jul-24   10:40
  Dhanlaxmi Bank gains as gross advances rises 6% YoY in Q1 FY25
  05-Jul-24   15:27
  HDFC Bank Ltd leads losers in 'A' group
  05-Jul-24   15:00
Back Top