Macrotech Developers Q1FY25 Collections Grow 12% YoY
Macrotech Developers reports a 12% year-on-year growth in collections for Q1FY25, reaching INR 26.9 billion, driven by strategic expansions and maintaining strong financial metrics
by Damodharan N
Updated Jul 08, 2024
Macrotech Developers Limited has reported a robust performance in its collections for the first quarter of fiscal year 2025 (Q1FY25), showcasing a noteworthy 12% year-on-year (YoY) growth. The company disclosed that collections totaled INR 26.9 billion during this period, compared to INR 24.0 billion in Q1FY24.
Despite a quarter-on-quarter (QoQ) decline of 23%, the annual comparison highlights steady growth in financial metrics. Macrotech attributed this growth to strategic business development initiatives, including the addition of three projects in Mumbai Metropolitan Region (MMR) and Pune, with a Gross Development Value (GDV) exceeding INR 111 billion.
These additions significantly contribute towards achieving the company's full-year GDV guidance of INR 210 billion. Moreover, Macrotech emphasized its financial resilience, maintaining net debt at INR 43.2 billion, well below its targeted ceiling of 0.5x Net Debt/Equity.
This performance has bolstered the company's credit rating to ‘AA- (Positive)’ by Crisil, underscoring its strong fundamentals and operational stability in the real estate sector.
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Lodha Group
The Lodha Group is renowned for its commitment to creating iconic and luxurious developments that redefine living standards across India. With a legacy spanning four decades.
The group has crafted some of the most prestigious residential and commercial properties, including landmark projects like The World Towers in Mumbai and Palava City, India's No.1 smart city.
Emphasizing global standards and innovation, Lodha Group has expanded internationally with projects in London, setting new benchmarks in luxury real estate. Beyond development, the group is dedicated to societal impact through initiatives like the Lodha Foundation and social infrastructure projects, reflecting their vision of 'Building a Better Life'.
With a robust portfolio of ongoing and upcoming projects, coupled with significant pre-sales figures and a strong commitment to sustainability, Lodha Group continues to lead the real estate sector with a blend of innovation, luxury, and social responsibility.
Macrotech Developers Q1FY25 Collections Grow 12% YoY - FAQs
1. What were Macrotech Developers' pre-sales for Q1FY25?
Pre-sales amounted to INR 40.3 billion, reflecting a 20% year-on-year growth.
2. How much were the collections for Macrotech Developers in Q1FY25?
Collections totaled INR 26.9 billion, marking a 12% increase compared to Q1FY24.
3. What were the highlights of Macrotech Developers' business development in Q1FY25?
The company added three projects in Mumbai Metropolitan Region (MMR) and Pune, with a combined Gross Development Value (GDV) exceeding INR 111 billion, which constitutes over 50% of their full-year guidance of INR 210 billion.
4. What is the current net debt of Macrotech Developers?
Despite significant investments, Macrotech's net debt stands at INR 43.2 billion, comfortably below their targeted ceiling of 0.5x Net Debt/Equity.
5. How has Macrotech Developers' credit rating been affected recently?
The company's consistent performance and strong financial health led to a credit rating upgrade to ‘AA- (Positive)’ by Crisil.
6. What is the quarter-on-quarter change in pre-sales for Macrotech Developers from Q4FY24 to Q1FY25?
There was a 5% decrease in pre-sales from Q4FY24 to Q1FY25.
7. How did collections change quarter-on-quarter (QoQ) for Macrotech Developers from Q4FY24 to Q1FY25?
Collections decreased by 23% QoQ from Q4FY24 to Q1FY25.
8. What is the total pre-sales figure for Macrotech Developers in FY24?
The Pre-sales for FY24 amounted to INR 145.2 billion.
9. What is the significance of the provisional nature of the reported numbers?
The figures reported for Q1FY25 are provisional and subject to limited review by auditors and the company's board.
10. What strategy has Macrotech Developers employed to achieve growth in collections and pre-sales?
The company's strategic focus on expanding its project portfolio in key regions like MMR and Pune has significantly contributed to its growth in pre-sales and collections.