FilingReader Intelligence

Macrotech Developers achieves record sales, projects strong growth

April 30, 2025 at 07:13 PM UTCBy FilingReader AI

Macrotech Developers (BSE: 543287) reported record presales of INR48.1 billion for Q4FY25, contributing to a full-year total of INR176 billion, a 21% increase that exceeded its 20% growth guidance. The company anticipates further growth in FY26, projecting presales of INR210 billion, supported by an EBITDA margin of approximately 33%. This growth is expected to be driven by a strategic shift towards mid- and premium-income housing, particularly in the Palava and Upper Thane townships. Infrastructure developments, including the Mulund-Airoli-Palava freeway and the Navi Mumbai International Airport, are anticipated to enhance Palava's attractiveness. The company also plans to change its name to "Lodha Developers Limited", which will now be voted on by shareholders, aligning the company name with its core brand and is subject to shareholder approval via postal ballot commencing May 2, 2025. The remote e-voting will end on May 31, 2025. Macrotech is projecting significant sales and EBITDA in these locations by the end of the decade. The Company has also achieved significant progress in its annuity business, targeting INR15 billion by FY31 and ending FY25 with approximately INR2.5 billion of annuity income, with plans to approach a INR4 billion run rate by the end of FY26. Macrotech's net debt stood at INR39.9 billion, with a net debt-to-equity ratio of 0.2x, and the company received further upgrades in its credit rating, now rated at AA.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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