Macrotech Developers Limited (LODHA) has delivered a stellar performance in Q3FY25, setting new benchmarks in pre-sales and collections. The company achieved record quarterly pre-sales of ₹4,510 crore, a robust 32% year-on-year (YoY) growth, while collections surged by an impressive 66% YoY to ₹4,290 crore.
Key Highlights:
Pre-Sales Performance:
- Q3FY25: ₹4,510 crore, reflecting a 32% YoY growth from ₹3,410 crore in Q3FY24 and a 5% sequential increase from ₹4,290 crore in Q2FY25.
- 9MFY25: Cumulative pre-sales of ₹12,820 crore, up 25% YoY compared to ₹10,300 crore in 9MFY24.
Collections:
- Q3FY25: ₹4,290 crore, representing a remarkable 66% YoY increase from ₹2,590 crore in Q3FY24 and a 40% sequential growth from ₹3,070 crore in Q2FY25.
- 9MFY25: Total collections reached ₹10,060 crore, a 30% YoY growth from ₹7,750 crore in 9MFY24.
Business Development:
- Expanded its footprint in Bengaluru with the addition of a new project valued at ₹2,800 crore Gross Development Value (GDV), bringing the city portfolio to five locations.
- Secured eight projects in 9MFY25 across MMR, Bengaluru, and Pune, achieving 90% of its full-year guidance of ₹22,000 crore in GDV additions.
- Entered the NCR region with a ~33-acre land acquisition for digital infrastructure, focusing on enhancing annuity income and reducing dependency on development projects.
Net Debt Reduction:
- Reduced net debt by ₹610 crore in Q3FY25, lowering the total to ₹4,320 crore, maintaining a conservative Net Debt/Equity ratio below 0.5x.
Performance Metrics Snapshot:
| Metric | Q3FY25 | Q3FY24 | YoY (%) | Q2FY25 | QoQ (%) | 9MFY25 | 9MFY24 | YoY (%) |
|---|---|---|---|---|---|---|---|---|
| Pre-Sales (₹ Cr) | 4,510 | 3,410 | 32% | 4,290 | 5% | 12,820 | 10,300 | 25% |
| Collections (₹ Cr) | 4,290 | 2,590 | 66% | 3,070 | 40% | 10,060 | 7,750 | 30% |
Macrotech Developers’ strategic project additions, combined with strong pre-sales and collection figures, underline its robust operational performance.
TOPICS:
Macrotech Developers