Lodha Developers Limited — Important, 06-01-2025: Updates

Pre-sales for Macrotech Developers reached a record INR 45.1bn in Q3FY25, marking a 32% year-on-year increase, and achieving INR ~128.2bn for the nine months ending FY25, up 25% year-on-year. Collections for the quarter increased significantly to INR 42.9bn, a remarkable 66% growth from the previous year.

The company expanded its project portfolio by adding a new project in Bengaluru with a GDV of INR 28bn, bringing the total to five locations in the city. In nine months FY25, Macrotech successfully launched 8 new projects with an aggregate GDV of INR ~195bn across major markets, attaining over 90% of its annual guidance.

Additionally, the firm acquired approximately 33 acres for its Digital Infrastructure business in the NCR and made strategic moves to boost its stake in rental income from the Digital Infrastructure platform, which aligns with its strategy to enhance annuity income while mitigating development business risks. Following these robust collections, the company reduced its net debt by INR 6.1bn to INR 43.2bn, maintaining a solid balance sheet below the 0.5x Net Debt/Equity ratio. Positive outlook ahead!