In a disclosure filed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Lodha (Macrotech Developers) has reported impressive operational updates for the fourth quarter of FY25, demonstrating continued growth and market leadership.
For the fourth quarter of FY25, the company achieved its highest-ever quarterly pre-sales of Rs 48.1 billion, marking a robust 14% year-on-year (YoY) growth. This has contributed to an overall pre-sales figure of Rs 176.3 billion for FY25, reflecting a 21% YoY increase. The results surpassed the company’s FY25 guidance and achieved sustainable, predictable 20% growth for the year.
The company posted a strong collection performance, with Q4 collections reaching Rs 44.4 billion, up 26% year over year. Total collections for FY25 amounted to Rs 144.9 billion, a 29% increase compared to the previous fiscal year.
The company’s strategic business development efforts continued to gain momentum. In Q4FY25, it added two new projects in Pune, with a Gross Development Value (GDV) of Rs 43 billion. This brings the company’s total presence in Pune to nine locations, positioning it to increase market share further and solidify its position as a leading developer in the region.
Over the course of FY25, the company expanded its portfolio by adding 10 new projects (excluding Digital Infra) with an aggregate GDV of approximately Rs 237 billion across key markets in MMR (Mumbai Metropolitan Region), Bengaluru, and Pune. This accomplishment exceeded the company’s full-year guidance of Rs 210 billion.
In the digital infrastructure sector, which includes warehousing and industrial developments, the company expanded its footprint by adding two new locations in NCR and Chennai. It strengthened its position by acquiring its joint venture partner’s stake in the existing platform.
Despite significant investments in business development, the company’s net debt decreased by Rs 3.2 billion during Q4FY25, reducing total net debt to Rs 39.9 billion. This is well below the company’s stated ceiling of a 0.5x Net Debt/Equity ratio. India Ratings recognised the company's strong financial performance and prudent resource management, upgrading the company’s credit rating to IND AA with a stable outlook.
The company demonstrated strong performance in Q4FY25 and FY25, showcasing significant growth across key metrics. In Q4FY25, pre-sales reached Rs 48.1 billion, marking a 14% increase compared to Q4FY24, with a 7% sequential growth. For the full fiscal year FY25, pre-sales totalled Rs 176.3 billion, reflecting a robust 21% year-on-year growth from Rs 145.2 billion in FY24. Collections also showed impressive performance, with Q4FY25 collections at Rs 44.4 billion, up 26% year-on-year and 3% quarter-on-quarter. For FY25, total collections amounted to Rs 144.9 billion, demonstrating a strong 29% year-on-year growth from Rs 112.6 billion in FY24.
