Conference Call with Macrotech Developers Management and Analysts on Q4FY25 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Realty company Macrotech Developers announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Pre-sales: Rs 48.1 billion (+14% YoY). Collection: Rs 44.4 billion (+26% YoY). Revenues from ops.: Rs 42.2 billion (+5% YoY). Adj. EBITDA: Rs 14.6 billion (+9% YoY). PAT: Rs 9.2 billion (+38% YoY). FY25 Financial Highlights: FY25 Revenue increases +34% to Rs 137.8 billion from Rs 103.2 billion in FY24. FY25 PAT increases +71% to Rs 27.7 billion from Rs 16.2 billion in FY24. FY25 PAT margin grows to 20% from 15% in FY24. FY25 Pre-sales increases +21% to Rs 176.3 billion from 145.2 billion in FY24. Addition of 10 new projects with GDV of Rs 237 billion in FY25. Abhishek Lodha, MD & CEO, Macrotech Developers, said: “Our best ever quarterly and annual performance showcases the buoyancy in demand for high quality homes in India from a top-notch brand like Lodha. Driven by the strength of our brand, we delivered pre-sales of Rs 176 billion for FY25, thus meeting our guidance of delivering consistent and predictable 20% growth - now for four consecutive years since our IPO. Our focus on profitable growth has resulted in strong margins and Return on Equity (RoE), which provides us with continued strength to grow. Our strong collections are also indicative of our capability to convert sales into cashflow in a timely manner. We are extremely pleased that this is the fifth consecutive quarter of achieving pre-sales greater than Rs 40 billion thus showcasing our predictable business model. The quarter also saw the strongest ever collections performance of Rs 44.4 billion which showcases strong execution capability of the organization. I would like to highlight that our micro market led super market strategy enabled us to deliver Rs 25 billion of Presales in the Western Suburbs of MMR, registering 140% growth on YoY basis. Our new Business Development for FY25 across MMR, Pune and Bengaluru stands at Rs ~237 billion of GDV (10 projects), thus surpassing our full year guidance. During Q4, we added two more projects in Pune with a GDV of Rs 43 billion. With this, we now have nine locations across Pune. Having achieved over Rs 25 billion of pre-sales in Pune in FY25, the larger base of projects sets us on path to further increase our market share and continue to grow towards becoming the No. 1 developer in Pune. Similarly, we have entered FY26 with five locations in Bengaluru setting the stage for our growth phase. Despite investments in Business Development in this quarter, we further reduced our net debt by Rs 3.1 billion to Rs 39.9 billion (0.2x Net Debt/ Equity) - well below our ceiling of 0.5x Net Debt/Equity. This is on the back of strong operating cash flow generation of Rs 23.4 billion during the quarter. On the back of strong operating and financial performance, India Ratings upgraded our credit rating to (AA/ Stable). Our exit cost of debt continues to go down and stands at 8.7% (down ~10 bps during the quarter) - among the lowest in the industry.” Result PDF