Macrotech Developers reduces net debt by 7% in Q1 with strong sales and fund collections
| Photo Credit:
SasinParaksa
Realty firm Macrotech Developers’ net debt fell by 7 per cent in the January-March quarter to nearly ₹4,000 crore on strong housing sales and fund collections from customers.
Macrotech Developers noted that the company’s net debt reduced by ₹320 crore during the January-March quarter to ₹3,990 crore.
The company’s net debt stood at little over ₹4,300 crore at the end of December 31, 2024.
The reduction has been achieved despite significant investment in acquiring land parcels for future development.
The company buys land outright and also partners with landowners to develop housing projects.
Macrotech Developers’ internal cash flow remained strong last fiscal year due to record sales bookings and healthy fund collections from customers.
Macrotech Developers’ sale bookings grew 21 per cent last financial year to a record ₹17,630 crore, from ₹14,520 crore in 2023-24 financial year.
Its collection from customers grew 29 per cent to ₹14,490 crore last fiscal year, from ₹11,260 crore in the 2023-24 fiscal.
Strong sales and collections helped the company in significant investment in land acquisitions.
During the full 2024-25 fiscal, Macrotech Developers acquired 10 land parcels across MMR (Mumbai Metropolitan Region), Bengaluru and Pune to develop housing projects.
The upcoming projects on these new 10 land parcels will have a total revenue potential of ₹23,700 crore.
Macrotech Developers Ltd has a significant presence in MMR, Pune and Bengaluru housing markets.
Besides residential development, the company is building industrial & logistics parks across major cities. It also builds office and retail real estate spaces.
Abhishek Lodha-led Macrotech Developers recently resolved its dispute with House of Abhinandan Lodha, a company formed by his younger brother.
Since January this year, the two companies have been engaged in a legal battle over the use of ‘Lodha’ brand.
Macrotech Developers will continue to use the ‘Lodha’ brand, while the younger brother will continue to operate under the ‘House of Abhinandan Lodha’ brand.
In January, Macrotech Developers filed a suit in the Bombay High Court against HoABL for infringement of its trademarks and sought appropriate injunctions, reliefs, and damages.
Lodha Group and House of Abhinandan Lodha (HoABL) have no connection with each other. Both entities will communicate this widely.
Abhinandan Lodha has no rights or claims in Lodha Group or Macrotech Developers or other businesses of Abhishek.
Similarly, Abhishek has no rights or claims in HoABL or other businesses of Abhinandan, as per the agreements between the two sides.
Published on April 20, 2025