Macrotech Developers Ltd - Key Operational Updates for Q1FY25

Macrotech Developers Limited has announced the key operational updates for Q1FY25:

Pre-Sales: We achieved Q1FY25 pre-sales of INR 40.3bn, showing growth of ~20% on YoY basis.

Collections: Collections were INR 26.9bn for Q1FY25 showing a growth of ~12% YoY.

Business development: We added three projects in MMR and Pune having INR 111bn of GDV which is >50% of full year guidance of INR 210bn.

Net debt: Despite the significant investments in Business development in this quarter, our net debt stands at INR 43.2bn, well below our ceiling of 0.5x Net Debt/Equity. Our consistent performance, robustness in business fundamentals and strong balance sheet has enabled credit rating upgrade to 'AA- (Positive)' by Crisil.



Shares of Macrotech Developers Limited was last trading in BSE at Rs. 1510.15 as compared to the previous close of Rs. 1492.55. The total number of shares traded during the day was 7614 in over 1005 trades.

The stock hit an intraday high of Rs. 1524.85 and intraday low of 1485.05. The net turnover during the day was Rs. 11463819.00.

Source : Equity Bulls

Keywords

MacrotechDevelopers INE670K01029 LODHA Realty KeyOperationalUpdates Q1FY25