Macrotech Developers Ltd on Monday reported a 10% year-on-year increase in pre-sales to ₹4,450 crore for the quarter, while collections rose 7% to ₹2,880 crore.The Mumbai-based real estate firm said it has added five new projects across Mumbai, Pune and Bengaluru, with a total gross development value (GDV) of ₹22,700 crore.
The real estate firm added five new projects across the Mumbai Metropolitan Region (MMR), Pune and Bengaluru with a gross development value (GDV) of ₹227 billion—over 90% of its full-year business development guidance of ₹250 billion.
Net debt stood at ₹50.8 billion as of June 30, well within its internal cap of 0.5x net debt-to-equity, despite higher investments in land acquisition and project development.
Macrotech reaffirmed its full-year pre-sales guidance of ₹210 billion.In a separate statement, the company also announced it will change its name to Lodha Developers Ltd, effective July 11, 2025.
The real estate firm added five new projects across the Mumbai Metropolitan Region (MMR), Pune and Bengaluru with a gross development value (GDV) of ₹227 billion—over 90% of its full-year business development guidance of ₹250 billion.
Net debt stood at ₹50.8 billion as of June 30, well within its internal cap of 0.5x net debt-to-equity, despite higher investments in land acquisition and project development.
Macrotech reaffirmed its full-year pre-sales guidance of ₹210 billion.In a separate statement, the company also announced it will change its name to Lodha Developers Ltd, effective July 11, 2025.
The real estate company is best known for its premium and mid-income residential projects under the “Lodha” brand, as well as large-scale township developments like Palava City and Upper Thane.
It also has luxury developments in South Mumbai and has entered the office and industrial real estate segments in recent years.
Shares of the company ended 0.7% higher on Monday at a price of ₹1,377.50 on the BSE.
(Edited by : Ajay Vaishnav)
