Lodha Developers Limited — Important, 07-04-2025: Updates

Pre-sales for Q4FY25 reached an all-time high of INR 48.1bn, marking a 14% year-on-year growth. This brings total pre-sales for FY25 to INR 176.3bn, surpassing the annual guidance with a commendable 21% increase. Collections also saw significant growth, totaling INR 44.4bn for the quarter, up 26% YoY, while FY25 collections amounted to INR 144.9bn, reflecting a robust 29% growth.

Strategically, the company expanded its footprint by adding two new projects in Pune with a gross development value (GDV) of INR 43bn, bringing the total projects in Pune to nine. In FY25, Macrotech added a total of 10 new projects across Mumbai Metropolitan Region, Bengaluru, and Pune, exceeding the guidance of INR 210bn in GDV. The company also enhanced its digital infrastructure by adding locations in NCR and Chennai and acquiring its joint venture partner's stake in the existing platform.

Despite substantial investments in business development, net debt decreased by INR 3.2bn during the quarter, now standing at INR 39.9bn, indicating strong financial discipline. The credit rating was upgraded to IND AA/(Stable), reflecting the company's healthy balance sheet and consistent performance. Investors should view these results positively as they signal growth potential and strong operational management.