Macrotech Developers has reported 32% growth in pre-sales at Rs 4510 crore in the third quarter of FY25 (Q3FY25) as compared to Rs 3410 crore in Q3FY24. For Q2FY25, pre-sales stood at Rs 4290 crore.
Its collections for the December quarter grew by 66% to Rs 4290 crore as compared to Rs 2590 crore in Q3FY24. For Q2FY25, collections stood at Rs 3070 crore.
On the back of strong collections, company’s net debt reduced by Rs 610 crore to Rs 4320 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.
