Macrotech Developers Reports Strong Pre-Sales of Rs 45.1 Billion in Q3 FY25
Macrotech Developers has achieved impressive pre-sales and growth in the third quarter of FY25. Explore the details of their performance and strategic moves.
Macrotech DevelopersReal EstatePresalesBengaluruQ3 Fy25Real Estate MumbaiJan 06, 2025
The company recorded pre-sales of Rs 45.1 billion, registering a 32% year-on-year growth.
These results underscore the company's robust performance and strategic focus on key markets.
For the nine months of FY25, Macrotech Developers has achieved pre-sales of Rs 128.2 billion, showcasing a 25% year-on-year growth.
This strong performance is a testament to the company's ability to navigate market dynamics and meet customer demands effectively.
In the third quarter, Macrotech Developers also saw a significant boost in collections, which stood at Rs 42.9 billion.
This represents a 66% year-on-year growth, highlighting the company's financial health and the trust it has garnered from its customers.
One of the highlights of the quarter was the addition of a new project in Bengaluru with a Gross Development Value (GDV) of Rs 28 billion.
This project is part of the company's strategy to expand its footprint in key metropolitan areas.
With this addition, Macrotech Developers has launched eight new projects in the nine months of FY25, with a total GDV of Rs 195 billion across the Mumbai Metropolitan Region (MMR), Bengaluru, and Pune.
These projects collectively represent over 90% of the company's full-year guidance.
The company's focus extends beyond residential and commercial developments.
In the third quarter, Macrotech Developers acquired about 33 acres of land for its digital infrastructure business, primarily focusing on warehousing and industrial sectors, in the National Capital Region (NCR).
This move aligns with the growing demand for modern logistics and industrial facilities, especially in the NCR.
Additionally, Macrotech Developers entered into an agreement with its joint venture (JV) partner to increase its stake in the rental income (PropCo) from its digital infrastructure platform.
This strategic move is aimed at enhancing the company's annuity income, thereby de-risking its development business.
The company stated, 'This is in line with our planned strategy for calibrated growth in our annuity income, thus de-risking our development business,' in a BSE filing.
Financially, Macrotech Developers has also made progress in reducing its net debt.
During Q3 FY25, the company's net debt decreased by Rs 6.1 billion to Rs 43.2 billion, reflecting its commitment to maintaining a strong balance sheet and financial discipline.
Macrotech Developers' consistent performance and strategic expansions in key markets position it as a leader in the Indian real estate sector.
With a focus on sustainable growth and customer satisfaction, the company is well poised to achieve its full-year targets and continue its upward trajectory.
Frequently Asked Questions
What were Macrotech Developers' pre-sales in Q3 FY25?
Macrotech Developers recorded pre-sales of Rs 45.1 billion in the third quarter of the financial year 2024-25, registering a 32% year-on-year growth.
What is the total pre-sales for the nine months of FY25?
For the nine months of FY25, Macrotech Developers achieved pre-sales of Rs 128.2 billion, showing a 25% year-on-year growth.
How many new projects has Macrotech Developers launched in FY25?
Macrotech Developers has launched eight new projects in the nine months of FY25, with a total Gross Development Value (GDV) of Rs 195 billion.
What significant acquisition did Macrotech Developers make in the third quarter?
Macrotech Developers acquired about 33 acres of land for its digital infrastructure business, focusing on warehousing and industrial sectors, in the National Capital Region (NCR).
How has Macrotech Developers' net debt changed in Q3 FY25?
Macrotech Developers' net debt reduced by Rs 6.1 billion to Rs 43.2 billion during Q3 FY25, reflecting its commitment to financial discipline.
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