Lodha Developers: Q1 Pre-Sales Rise 10% to Rs 4,450 Crore
Macrotech Developers announced strong Q1 results with pre-sales reaching ₹4,450 crore, up 10% year-over-year. Collections grew 7% to ₹2,880 crore. The company added five new projects with a GDV of ₹22,700 crore and maintained its pre-sales guidance of ₹21,000 crore. Net debt stood at ₹5,080 crore.

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Macrotech Developers , formerly known as Lodha Developers, has announced its financial performance for the first quarter, showcasing robust growth in key metrics.
Strong Pre-Sales Performance
The company reported pre-sales of ₹4,450.00 crore for the quarter, marking a significant 10% increase compared to the same period last year. This growth in pre-sales indicates strong demand for Macrotech Developers' properties and positive market sentiment in the real estate sector.
Steady Growth in Collections
Macrotech Developers also saw an improvement in its collections, which reached ₹2,880.00 crore during the first quarter. This represents a 7% year-over-year increase, demonstrating the company's ability to convert sales into cash flow effectively.
Key Financial Highlights
Metric | Q1 Value (₹ Crore) | YoY Growth |
---|---|---|
Pre-Sales | 4,450.00 | 10% |
Collections | 2,880.00 | 7% |
Expansion and New Projects
Macrotech Developers has added five new projects with a Gross Development Value (GDV) of ₹22,700.00 crore. This expansion demonstrates the company's commitment to growth and diversification across key real estate markets in India.
Financial Position
The company reported a net debt of ₹5,080.00 crore, providing insight into its financial leverage and capital structure.
Future Outlook
Macrotech Developers has reaffirmed its pre-sales guidance of ₹21,000.00 crore, indicating confidence in its growth prospects.
Market Implications
The positive financial results and strategic initiatives from Macrotech Developers may be indicative of a broader trend in the Indian real estate market. The growth in both pre-sales and collections, coupled with new project additions, suggests sustained interest in property investments, particularly from reputable developers.
Looking Ahead
While these quarterly results paint a positive picture for Macrotech Developers, it's important for investors and market watchers to consider these figures in the context of broader market trends and the company's long-term performance. The company's expansion plans and pre-sales targets will be key areas to watch in the coming quarters.
Macrotech Developers' strong start to the fiscal year sets an optimistic tone for the company's performance in the future. However, the real estate market can be influenced by various factors, including economic conditions, policy changes, and consumer sentiment, which will continue to play a role in the company's performance.
Historical Stock Returns for Macrotech Developers
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+0.67% | -0.50% | -8.89% | +2.73% | -10.54% | +492.06% |