Macrotech Developers Reduces Net Debt by 7 Percent in March Quarter

Macrotech Developers, a leading real estate firm known for its Lodha brand, has achieved a significant milestone by reducing its net debt by 7 percent in the January-March quarter of FY25. The company’s net debt now stands at Rs 3,990 crore, down from Rs 4,300 crore at the end of December 2024. This reduction has been driven by robust housing sales and strong fund collections from customers.  

 

The company reported record sales bookings of Rs 17,630 crore for the fiscal year, marking a 21 percent increase from the previous year’s Rs 14,520 crore. Customer collections also saw a substantial rise, growing by 29 percent to Rs 14,490 crore compared to Rs 11,260 crore in FY24. These strong financial metrics have enabled Macrotech to make significant investments in acquiring 10 new land parcels across the Mumbai Metropolitan Region, Bengaluru, and Pune. These acquisitions are expected to generate a total revenue potential of Rs 23,700 crore through upcoming housing projects.  

 

Despite the substantial investments in land acquisitions, the company’s internal cash flow has remained strong, reflecting its operational efficiency and market demand. Macrotech Developers continues to expand its presence in residential, industrial, and logistics parks, as well as office and retail real estate spaces.  

 

The company also resolved a legal dispute with the House of Abhinandan Lodha, ensuring clarity in the use of the Lodha brand. This resolution is expected to strengthen the company’s brand identity and market position.  

 

Macrotech Developers’ performance underscores its resilience and strategic focus on growth, making it a key player in India’s real estate sector.  

 

Source: MSN News, Economic Times, Business Standard, Moneycontrol News