According to its latest investor presentation, the company has launched 6 projects, including new phases in existing projects, comprising an area of 1.8 million sq ft and an estimated revenue potential of Rs 3,010 crore during the April-June quarter of the current fiscal year 2024-25.
During the remaining three quarters of 2024-25, the company plans to launch 18 projects, including new phases in existing projects, covering 9.6 million sq ft of area and a revenue potential of Rs 11,980 crore.
“We have a strong pipeline of new launches in the second half of the year,” the company’s managing director and CEO Abhishek Lodha told investors, according to a transcript of the conversations with analysts.
The launch of these projects in Mumbai Metropolitan Region (MMR) and Pune would help the company achieve a 20 per cent growth in its sales bookings for this fiscal.
On the operational performance front, Macrotech Developers Macrotech Developers posted a 20 per cent growth in sales bookings to Rs 4,030 crore for the first quarter of this fiscal on the back of strong demand for housing. Sales bookings stood at Rs 3,350 crore in the year-ago period. Macrotech Developers had posted a 20 per cent growth in its sales bookings (presales) to a record Rs 14,520 crore during 2023-24 against Rs 12,060 crore in the previous year. It has given guidance to achieve a 21 per cent annual growth in sales bookings this fiscal to Rs 17,500 crore.
During the first quarter of this fiscal year, customer collections increased 12 per cent to Rs 2,690 crore from Rs 2,400 crore in the corresponding period last year.
Macrotech Developers’ net debt rose 43.5 per cent to Rs 4,320 crore during the first quarter of this fiscal due to higher investment in land acquisition and construction.
The company’s net debt stood at Rs 3,010 crore at the end of the March quarter of 2023-24.
Recently, Macrotech Developers reported a 2.7-fold increase in its consolidated net profit at Rs 475.3 crore for the June 2024 quarter on the back of higher revenues.
Its net profit stood at Rs 178.4 crore in the same period last year.
Its total income grew to Rs 2,918.3 crore during the April-June period this fiscal from Rs 1,671.8 crore in the corresponding period last year.
Macrotech Developers has a significant presence in the Mumbai Metropolitan Region (MMR) and Pune and has recently entered the Bengaluru real estate market.
It has delivered around 100 million square feet of real estate and is developing over 110 million square feet under its current and planned portfolio.
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