Realty developer Lodha, listed as Macrotech Developers, has recorded its best-ever quarterly pre-sales of Rs 4,810 crore for the quarter ended March, up 14% from a year ago taking its performance for the financial year 2024-25 to Rs 17,630 crore, up 21% surpassing its guidance for the year.
Collections for the quarter rose 26% on-year to Rs 4,440 crore and Rs 14,490 crore for the year ended March, up 29%, the company said in a regulatory filing.
During the year, in terms of business development, the company added 10 new projects, excluding digital infrastructure projects with gross development value of over Rs 23,700 crore across Mumbai Metropolitan Region, Bengaluru, and Pune, surpassing full year guidance of Rs 21,000 crore.
The company’s net debt reduced by Rs 320 crore during the quarter to Rs 3,990 crore despite the significant investment in business development, on the back of robust collections. The debt-equity ratio stood below 0.5 times.
In the digital infrastructure segment, covering warehousing and industrial development, the company added two new locations in the National Capital Region and Chennai, and completed the acquisition of its joint venture partner’s stake in the existing platform.
In November, Macrotech Developers had signed agreements to acquire Bain Capital’s stake in three joint entities under the Digital Infrastructure Platform for Rs 307 crore. The entities included Bellissimo Digital Infrastructure Development Management, Palava Induslogic 4, and Bellissimo In City FC Mumbai 1.
This follows the company’s September move to acquire Ivanhoe Warehousing India Inc’s interest in the same platform for Rs 239.56 crore.
These acquisitions align with Macrotech’s strategy to grow annuity income through digital infrastructure, including industrial and logistics assets under the LILP (Lodha Industrial and Logistics Park) brand.
Formed in May 2022, the platform initially had Bain, Ivanhoé Cambridge, and Macrotech as equal partners. With these transactions, Macrotech now holds full ownership.
Collections for the quarter rose 26% on-year to Rs 4,440 crore and Rs 14,490 crore for the year ended March, up 29%, the company said in a regulatory filing.
During the year, in terms of business development, the company added 10 new projects, excluding digital infrastructure projects with gross development value of over Rs 23,700 crore across Mumbai Metropolitan Region, Bengaluru, and Pune, surpassing full year guidance of Rs 21,000 crore.
The company’s net debt reduced by Rs 320 crore during the quarter to Rs 3,990 crore despite the significant investment in business development, on the back of robust collections. The debt-equity ratio stood below 0.5 times.
In the digital infrastructure segment, covering warehousing and industrial development, the company added two new locations in the National Capital Region and Chennai, and completed the acquisition of its joint venture partner’s stake in the existing platform.
In November, Macrotech Developers had signed agreements to acquire Bain Capital’s stake in three joint entities under the Digital Infrastructure Platform for Rs 307 crore. The entities included Bellissimo Digital Infrastructure Development Management, Palava Induslogic 4, and Bellissimo In City FC Mumbai 1.
This follows the company’s September move to acquire Ivanhoe Warehousing India Inc’s interest in the same platform for Rs 239.56 crore.
These acquisitions align with Macrotech’s strategy to grow annuity income through digital infrastructure, including industrial and logistics assets under the LILP (Lodha Industrial and Logistics Park) brand.
Formed in May 2022, the platform initially had Bain, Ivanhoé Cambridge, and Macrotech as equal partners. With these transactions, Macrotech now holds full ownership.
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