Macrotech Developers Q3 Results: Profit Up 88%, Achieves 73% Pre-Sales Guidance

Macrotech Developers added eight new projects with a gross development value of Rs 19,500 crore across Mumbai, Bengaluru, and Pune, achieving over 90% of its FY25 expansion target.

Macrotech Developers reported a net profit of Rs 944 crore for Q3FY25, an 87.6% rise year-on-year, driven by strong sales, improved margins, and higher collections. (Photo source: Company website)

Mumbai-based Macrotech Developers Ltd., which sells properties under the Lodha brand, saw its net profit for the September quarter increase 87.6% to Rs 944 crore, according to an exchange filing on Saturday.

Its revenue jumped 39.3% to Rs 4,083 crore during the quarter.

Macrotech Developers Q3FY25 Highlights (Consolidated, YoY)

  • Revenue up 39.3% to Rs 4,083 crore vs Rs 2,931 crore

  • Ebitda up 48% to Rs 1,306 crore vs Rs 883 crore

  • Margin expands to 32% versus 30%

  • Net profit up 87.6% to Rs 944 crore vs Rs 503 crore

The board also appointed Sanjay Chauhan as CFO and Sushil Kumar Modi as whole-time director.

Key Operational Metrics

Q3FY25 Key Operational Metrics:

  • Pre-sales stood at Rs 4,510 crore, up 32% YoY.

  • Collections stood at Rs 4,290 crore, up 66% YoY.

Performance Against FY25 Guidance:

  • Achieved 73.25% pre-sales guidance of Rs 17,500 crore

  • Achieved 65.5% operating cash flow guidance of Rs 6,500 crore

  • Achieved 92.3% new project additions guidance of Rs 21,000 crore

  • Net debt-to-equity of 0.22 times below the guidance level of less than 0.5 times.

In the nine months to December, the company registered a 25% growth in pre-sales to Rs 12,820 crore as compared to Rs 10,300 crore last year in the corresponding fiscal. Thus, the business achieves 73.25% of its full-year guidance by the quarter end.

On the business development front, the company added one new project in Bengaluru with a gross development value of Rs 2,800 crore.

With this, the company added eight new projects in 9MFY25 with Rs 19,500 crore of GDV across MMR, Bengaluru, and Pune, thus achieving over 90% of its full-year guidance.

Net debt reduced by Rs 610 crore to Rs 4,320 crore, below its ceiling of 0.5x net debt-to-equity level.

Shares of Macrotech Developers closed 1.64% higher at Rs 1,100 apiece on Friday ahead of the results announcement, as compared with a 0.49% decline in the benchmark Nifty 50.

Also Read: DLF Q3 Results: Pre-Sales Up 34%, Exceeds Annual Guidance

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