Macrotech Developers shares Q2 biz update, pre sales up 57%, net debt reduces
2 years, 3 months ago

Macrotech Developers shares Q2 biz update, pre sales up 57%, net debt reduces

Live Mint  

Sharing its key operational updates for Q2 FY23, Macrotech Developers Ltd said on Thursday that the company achieved its best ever Q2 pre-sales performance of ₹3,148 crore, showing a growth of 57% on a YoY basis. “Generally, Q2 is the weakest quarter of the year due to monsoons and inauspicious period and consequently, H1 tends to be around 40-45% of full year sales. Our strong performance in H1FY23, inspite of rising home loan rates and rising prices, evidences the strength of housing demand from Tier-1 developers in India and indicates the start of a long-term upcycle for quality housing in India,” the company informed in an exchange filing today. Collections were predictably impacted by seasonal factors - lower construction activity during monsoon and deferral of registerations during 15 day inauspicious period, the company added.

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Macrotech Developers reports pre-sales of over ₹4,500 crore in Q3FY25, adds new project in Bengaluru
3 days ago

Macrotech Developers reports pre-sales of over ₹4,500 crore in Q3FY25, adds new project in Bengaluru

Hindustan Times  

Macrotech Developers, also known as Lodha, on January 6 reported pre-sales of over ₹4,500 crore in the third quarter of the ongoing financial year 2024-25, a 32% YoY growth from over ₹3,400 crore during the same period last year. Macrotech Developers, also known as Lodha, on January 6 reported pre-sales of over ₹ 4,500 crore in the third quarter of …

Macrotech Developers acquires Bain Capital's stake in three joint entities for ₹307 crore
2 months ago

Macrotech Developers acquires Bain Capital's stake in three joint entities for ₹307 crore

Hindustan Times  

Macrotech Developers Ltd, that sells real estate properties under the Lodha brand, has acquired Bain Capital’s stake in three industrial and logistics park entities for ₹307 crore in line with its objective of controlled expansion in the industrial and logistics sectors under the Lodha Industrial and Logistics Park brand, the company said in a regulatory filing. Macrotech Developers Ltd, that …

Macrotech Developers plans to enter a new city, may take a decision by latter half of FY25
4 months, 4 weeks ago

Macrotech Developers plans to enter a new city, may take a decision by latter half of FY25

Hindustan Times  

Macrotech Developers, also known as Lodha Developers, is currently considering names of a couple of new cities that it plans to enter and is expected to take a decision on the next city in the latter half of FY25, said Abhishek Lodha, Managing Director and Chief Executive Officer of Macrotech Developers. Macrotech Developers is considering names of a couple of …

Macrotech Developers reports PAT of ₹480 crore, pre sales at ₹4,300 crore in Q1 FY25, adds three projects
5 months, 1 week ago

Macrotech Developers reports PAT of ₹480 crore, pre sales at ₹4,300 crore in Q1 FY25, adds three projects

Hindustan Times  

Real estate firm Macrotech Developers, also known as Lodha Developers, on July 30 reported a profit after tax of ₹480 crore, an increase of 186% year-on- year for the first quarter of FY 25. Real estate firm Macrotech Developers on July 30 reported a profit after tax of ₹ 480 crore, an increase of 186% year-on-year for the first quarter …

Macrotech’s FY25 pre-sales growth goal on firm ground but not without challenges
8 months, 1 week ago

Macrotech’s FY25 pre-sales growth goal on firm ground but not without challenges

Live Mint  

Macrotech Developers Ltd investors are in a happy place. Lodha plans to launch 17 projects/phases spanning 10 million square feet with a gross development value of around ₹12,100 crore in FY25. From its newly forayed markets of Pune and Bengaluru, Lodha is targeting nearly ₹4,000 crore pre-sales in FY25. The recent fund-raise via qualified institutional placement coupled with robust cash …

Macrotech Q4 sales bookings up 40% at Rs 4,230 cr on strong housing demand
9 months ago

Macrotech Q4 sales bookings up 40% at Rs 4,230 cr on strong housing demand

Business Standard  

Its sales bookings stood at Rs 3,030 crore in the year-ago period Realty firm Macrotech Developers Ltd on Friday reported a 40 per cent annual growth in its sales bookings to Rs 4,230 crore in the fourth quarter of last fiscal driven by strong housing demand. Macrotech Developers, which sells its properties under the Lodha brand, registered a 20 per …

Macrotech Developers to raise ₹125 cr through issue of debentures
9 months, 1 week ago

Macrotech Developers to raise ₹125 cr through issue of debentures

Hindustan Times  

Mumbai-based real estate major Macrotech Developers Ltd, that sells properties under the Lodha brand, said on March 28 that it will raise ₹125 crore through the issue of non-convertible debentures. Mumbai-based real estate major Macrotech Developers Ltd that sells properties under the Lodha brand, said on March 28 that it will raise ₹ 125 crore through the issue of non-convertible …

Macrotech Developers sets strong foundation for the new fiscal year
1 year, 6 months ago

Macrotech Developers sets strong foundation for the new fiscal year

Live Mint  

New Delhi: Macrotech Developers Ltd impressed the Street with its robust pre-sales or bookings for the June quarter. View Full Image Graphic: Mint The company also added five new projects with gross development value potential of ₹12,000 crore across different micro-markets. For perspective, Lodha’s full year guidance for new project additions is ₹17,500 crore. “The company’s business development GDV in …

Macrotech Developers Q4 earnings: PAT up 38% YoY, Board declares 1:1 bonus issue and dividend of 20%
1 year, 8 months ago

Macrotech Developers Q4 earnings: PAT up 38% YoY, Board declares 1:1 bonus issue and dividend of 20%

Live Mint  

Macrotech Developers is a large cap company recorded a market cap of ₹43,744.02 Cr during Friday closing. The company said in a stock exchange filing that its Board of Directors have approved “Issuance of bonus equity shares in the proportion of 1 new fully paid up equity share of ₹10 each for every existing 1 equity share of ₹10 each …

Macrotech Developers raises nearly ₹3,547 cr through QIP, shares rise
2 years ago

Macrotech Developers raises nearly ₹3,547 cr through QIP, shares rise

Live Mint  

Real estate company Macrotech Developers Ltd, promoter group of Lodha, on Monday announced that the company has raised approximately Rs. Last week, Macrotech Developers in its regulatory filing, Macrotech Developers had said Sambhavnath Trust, Sambhavnath Infrabuild and Farms Private Limited, Hightown Constructions Private Limited and Homecraft Developers and Farms Private Limited will offer their stake. As promoters, we were keen …

Macrotech Developers board approves QIP, fixes floor price at ₹1,022.75/share
2 years, 1 month ago

Macrotech Developers board approves QIP, fixes floor price at ₹1,022.75/share

Live Mint  

Real estate company Macrotech Developers Ltd, part of the Lodha group, on Wednesday approved qualified institutions placement of equity shares by promoters and promoter group of the company. The shares will be offered at a floor price of ₹1,022.75 per share via qualified institutions placement, the company noted in its regulatory filings. Sambhavnath Trust, Sambhavnath Infrabuild and Farms Private Limited, …

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