Lodha Group and Macrotech Developers: A Healthy Start for FY25
The Lodha Group and Macrotech Developers, the country’s second-largest listed real estate company, have delivered a strong performance in the March quarter. With a net cash inflow of Rs 310 crore, the companies have brought down their net debt to Rs 3,990 crore as of March, with a net debt-to-equity ratio at 0.2 times.
Macrotech Developers, which had guided for Rs 17,500 crore of pre-sales for FY25, has exceeded its guidance with bookings of Rs 17,630 crore. The company has also guided for Rs 21,000 crore of pre-sales in FY26, a 19% increase from FY25. Volumes in FY26 are expected to reach 11 million square feet.
With a healthy pre-sales or bookings performance and new launches, Macrotech Developers has beaten its FY25 guidance. Given the development potential of its portfolio, healthy debt situation, and guidance, the companies are well-positioned for a strong FY26.
Reference : https://www.business-standard.com/markets/news/development-potential-cash-flows-to-ensure-growth-for-macrotech-in-fy26-125042900003_1.html
