Lodha Developers Ltd. News and Updates

Keep track of all breaking news on Lodha Developers Ltd. from all sources in a single place.

Load latest

Lodha Developers Ltd.

13 Oct 2024

1113.00

-2.35%

Macrotech Developers' Net Debt Rises 14% In September Quarter To Rs 4,920 Crore

NDTV Profit

The company attributed the increase in debt to its move to invest more on land acquisition and construction.

Lodha Developers Ltd. is trading below all available SMAs

Macrotech Developers net debt rises 14% in Sep quarter to Rs 4,920 cr

Business Standard | 13 Oct 2024

Lodha Developers Ltd.

07 Oct 2024

1113.00

-2.35%

Brokerages bullish on Macrotech Developers; Q2 update boosts stock by 4%

Business Standard

Macrotech Developers achieved its best ever quarterly pre-sales of Rs 42.9 billion, marking a growth of 21% on Y-o-Y despite the inauspicious 'Shradhh' period falling in Sept this FY (vs Oct in FY24).

Lodha Developers Ltd. has an average target of 1603.33 from 3 brokers.

Macrotech Developers Gets Positive Outlook From Brokerages On Strong 2QFY25 Performance

NDTV Profit | 07 Oct 2024

Lodha Developers Ltd.

04 Oct 2024

1113.00

-2.35%

Macrotech Developers posts highest-ever quarterly pre-sales of Rs 4,290 cr

Business Standard

The company expressed its interest in exploring opportunities to scale its digital infrastructure portfolio

Lodha Developers Ltd. has an average target of 1603.33 from 3 brokers.

Macrotech Developers Q2 Update: Sale Bookings Rises 21%

NDTV Profit | 04 Oct 2024

Lodha Developers Ltd.

04 Oct 2024

1113.00

-2.35%

Macrotech Developers Q2 results: Properties sale hit record Rs 4,290 cr

Business Standard

Realty firm Macrotech Developers on Friday reported a 21 per cent increase in sales bookings to a record Rs 4,290 crore during the July-September period on better housing demand. Mumbai-based Macrotech Developers, which markets its properties under the Lodha brand, had sold properties worth Rs 3,530 crore in the year-ago period. The company has a major presence in Mumbai Metropolitan Region (MMR) and Pune. It has entered into the Bengaluru market as well. In a regulatory filing, Macrotech Developers said, "We achieved our best-ever quarterly pre-sales of Rs 42.9 billion (Rs 4,290 crore) showing growth of 21 per cent year-on-year despite the inauspicious Shradhh' period falling in September this fiscal year (vs October in FY24)." The collections of funds stood at Rs 3,070 crore in the second quarter of this fiscal year, up 11 per cent from the year-ago period. Macrotech Developers said the company has added four new land parcels in Pune and Bengaluru, having Rs 5,500 crore of reven

Lodha Developers Ltd. has lost -20.43% in the last 3 Months

Lodha Developers Ltd.

19 Sep 2024

1113.00

-2.35%

Macrotech Developers raises stake in 3 warehousing firms for Rs 239.56 cr

Business Standard

Macrotech Developers has increased its stake in three warehousing companies by buying out shares of Ivanhoe Warehousing India Inc. in these firms for Rs 239.56 crore. The share acquisition in the three firms would help Macrotech Developers in increasing its rental income. In a regulatory filing, the company said it has executed Securities Purchase Agreements (SPAs) with Ivanhoe Warehousing India Inc in this regard. It has increased its stake in "Digital Infrastructure Platform entities (Bellissimo Digital Infrastructure Development Management Pvt Ltd, Palava Induslogic 4 Pvt Ltd and Bellissimo In City FC Mumbai 1 Pvt Ltd), in entirety at a consideration of Rs 239.56 crore, the filing added. The company's interest post the above acquisition in Bellissimo Digital Infrastructure Development Management Pvt Ltd, Palava Induslogic 4 Pvt Ltd and Bellissimo In City FC Mumbai 1 Pvt Ltd would increase to 70 per cent, 66.67 per cent and 66.67 per cent, respectively, it added. Macrotech...

Lodha Developers Ltd. is trading below all available SMAs

Lodha Developers Ltd.

18 Sep 2024

1113.00

-2.35%

Macrotech Developers To Acquire Stake In Three Digital Infra Firms For Rs 240 Crore

NDTV Profit

The acquisition is aimed at calibrating growth in digital infrastructure sector, Macrotech Developers said in an exchange filing.

Lodha Developers Ltd. has an average target of 1603.33 from 3 brokers.

Lodha Developers Ltd.

16 Sep 2024

1113.00

-2.35%

Macrotech shares rally 5% as Nomura initiates coverage, sees 30% upside

Economic Times

Shares of Macrotech Developers rose 5% to Rs 1,297.60 on BSE after Nomura initiated coverage with a buy rating and a target price of Rs 1,600. The firm expects strong earnings visibility and pre-sales growth at 20% CAGR over FY25-26, supported by solid operating cash flow and low net debt.

Lodha Developers Ltd. has an average target of 1603.33 from 3 brokers.

Lodha Developers Ltd.

29 Aug 2024

1113.00

-2.35%

Macrotech acquires Opexefi Services, One Box Warehouse for nearly Rs 100 cr

Business Standard

Realty firm Macrotech Developers Ltd has acquired a 100 per cent stake in Opexefi Services and One Box Warehouse for nearly Rs 100 crore as part of its strategy to grow the development business of industrial & warehousing parks. Macrotech Developers Ltd, which sells properties under the Lodha brand, has executed Share Purchase Agreements (SPAs) for the acquisition of a 100 per cent stake in Opexefi Services Pvt Ltd (Opexefi) and One Box Warehouse Pvt Ltd (One Box), according to a regulatory filing on Wednesday. Opexefi and One Box will become wholly owned subsidiaries of the company, it added. "This is in pursuance of our planned strategy for calibrated growth in Digital Infrastructure viz. Industrial and Logistics," the company said. Macrotech Developers acquired Opexefi for Rs 46.67 crore. Opexefi, incorporated on December 6, 2018, is in the business of the development of logistics parks and warehouses. The total turnover for the last 3 years is zero as there are no business...