Macrotech Developers Q3 Review — Highest Quarterly Pre-Sales; Motilal Oswal Maintains 'Buy' On The Stock

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Motilal Oswal Report

Macrotech Developers Ltd. achieved Q3 FY25 bookings of Rs 45 billion (2% below our estimate), up 32% YoY. Among key markets, south and central regions, extended eastern suburbs, and western suburbs outperformed with two times YoY growth in presales.

Average price growth is 4% year-to-date (3% as of Q2 FY25).

In Q3, Macrotech launched 2.7msf of new area worth Rs 42 billion in Mumbai Metropolitan region and Pune.

Another large land deal was executed in Palava at Rs 210m/acre. The company achieved data center deals at Rs 200 m/acre in Q2 FY25, high than the guidance.

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