Macrotech Developers has reported 20% growth in pre-sales at Rs 4,030 crore in the first quarter of FY25 as compared to Rs 3,350 crore in Q1FY24. For the full last financial year (FY24), pre-sales stood at Rs 14,520 crore.
Its collections for the June quarter grew by 12% to Rs 2,690 crore as compared to Rs 2,400 crore in Q1FY24. For the full last financial year (FY24) collections stood at Rs 11,260 crore. Despite the significant investments in Business development in this quarter (Q1FY25), company’s net debt stands at Rs 4,320 crore, well below its ceiling of 0.5x Net Debt/Equity.
Macrotech Developers is primarily engaged in affordable residential real estate developments and in 2019, it entered into the development of logistics and industrial parks and also develop commercial real estate.
