Mumbai: Realty developer Lodha, listed as Macrotech Developers, has reported 71% rise in net profit for the financial year 2024-25 at Rs 2,770 crore. Total revenue for the year grew 34% to Rs 13,780 crore supported by best-ever quarterly and annual pre-sales performance.
The developer’s net profit margin improved to 20% during the financial year from 15% a year ago. Pre-sales also saw a 21% increase, reaching Rs 17,630 crore, the company said in a regulatory filing.
The listed company added 10 new projects across Mumbai Metropolitan Region (MMR), Pune, and Bengaluru with a gross development value (GDV) of Rs 23,700 crore during the year, surpassing its full year guidance of Rs 21,000 crore.
For the quarter ended March, the developer recorded 38% on-year growth in net profit at Rs 920 crore, while revenue increased 5% to Rs 4,220 crore. Collections for the quarter rose 26% to Rs 4,440 crore.
“This is the fifth consecutive quarter of achieving pre-sales greater than Rs 4,000 crore thus showcasing our predictable business model. The quarter also saw the strongest ever collections performance of Rs 4,440 crore reflecting our strong execution capability,” said Abhishek Lodha, MD & CEO, Macrotech Developers.
According to him, the company’s micro market led super market strategy has helped deliver Rs 2,500 crore of pre- sales in the western suburbs of Mumbai Metropolitan Region, registering 140% on-year growth.
During the March quarter, the company added two more projects in Pune with a GDV of Rs 4,300 crore. In this market, the company has recorded pre-sales of over Rs 2,500 crore during the year.
The company has reduced its net debt during the quarter by Rs 310 crore to Rs 3,990 crore with net debt-equity ratio of 0.2x - below its stated ceiling of 0.5x.
The developer’s net profit margin improved to 20% during the financial year from 15% a year ago. Pre-sales also saw a 21% increase, reaching Rs 17,630 crore, the company said in a regulatory filing.
The listed company added 10 new projects across Mumbai Metropolitan Region (MMR), Pune, and Bengaluru with a gross development value (GDV) of Rs 23,700 crore during the year, surpassing its full year guidance of Rs 21,000 crore.
For the quarter ended March, the developer recorded 38% on-year growth in net profit at Rs 920 crore, while revenue increased 5% to Rs 4,220 crore. Collections for the quarter rose 26% to Rs 4,440 crore.
“This is the fifth consecutive quarter of achieving pre-sales greater than Rs 4,000 crore thus showcasing our predictable business model. The quarter also saw the strongest ever collections performance of Rs 4,440 crore reflecting our strong execution capability,” said Abhishek Lodha, MD & CEO, Macrotech Developers.
According to him, the company’s micro market led super market strategy has helped deliver Rs 2,500 crore of pre- sales in the western suburbs of Mumbai Metropolitan Region, registering 140% on-year growth.
During the March quarter, the company added two more projects in Pune with a GDV of Rs 4,300 crore. In this market, the company has recorded pre-sales of over Rs 2,500 crore during the year.
The company has reduced its net debt during the quarter by Rs 310 crore to Rs 3,990 crore with net debt-equity ratio of 0.2x - below its stated ceiling of 0.5x.
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