Macrotech Developers Ltd. News and Updates

Name: Latest research reports of Macrotech Developers Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Macrotech Developers Ltd.
Rating: 3
Author: ICICI Securities Limited

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Macrotech Developers Ltd.

18 Aug 2024

1290.50

-1.12%

Macrotech Developers' net debt rises 43.5% in Q1 on higher capex for land, construction

Business Line

Number of FII/FPI investors decreased from 917 to 900 in Mar 2025 qtr

Macrotech Developers Ltd.

01 Aug 2024

1290.50

-1.12%

Macrotech Developers Q1 Review - Strong Start To FY25; On Track To Meet Annual Guidance: ICICI Securities

NDTV Profit

The brokerage believes that the company's historical leverage concerns are now a thing of the past (peak debt of over Rs 180 billion) with June-24 net debt at Rs 432 billion.

Macrotech Developers Ltd. is trading above all available SMAs

Macrotech Developers Ltd.

01 Aug 2024

1290.50

-1.12%

Strong start to FY25; on track to meet annual guidance

Hold: Macrotech Developers Ltd.

Target

ICICI Securities Limited

Along expected lines, Macrotech Developers (LODHA) achieved strong Q1FY25 sales bookings of INR 40.3bn (up 20% YoY). After having achieved FY24 sales bookings of INR 145bn.

Macrotech Developers Ltd. is trading above all available SMAs

Macrotech Developers Ltd.

31 Jul 2024

1290.50

-1.12%

to see Rapid results content

Macrotech Developers Ltd.

31 Jul 2024

1290.50

-1.12%

Macrotech Developers Results Earnings Call for Q1FY25

Conference Call with Macrotech Developers Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.

audio

Macrotech Developers Ltd.

30 Jul 2024

1290.50

-1.12%

Macrotech Developers reports strong Q1 results, net profit soars 186%

Business Line

Macrotech Developers added three projects with a gross development value of 11,100 crore during the quarter and achieved over 50% of its full-year business development guidance.

Number of FII/FPI investors decreased from 917 to 900 in Mar 2025 qtr

Macrotech Developers Q1 Results: Profit Rises 165%, But Misses Estimates

NDTV Profit | 30 Jul 2024

Macrotech Developers Ltd.

14 Jul 2024

1290.50

-1.12%

Macrotech acquires 3 land parcels during April-June quarter in Mumbai, Pune

Business Standard

Bullish on housing demand, realty firm Macrotech Developers has acquired three land parcels in the Mumbai region and Pune during the April-June quarter to develop projects with a revenue potential of more than Rs 11,000 crore. Mumbai-based Macrotech Developers, which markets its properties under the Lodha brand, is acquiring land parcels through two routes -- outright purchases and partnerships with landowners. Giving an update on business development, Macrotech Developers said, "We added three projects in MMR (Mumbai Metropolitan Region) and Pune having Rs 11,100 crore of GDV (gross development value), which is more than 50 per cent of full-year guidance of Rs 21,000 crore". The company, in its latest operational updates, did not mention whether it bought outright or entered into joint development agreements (JDAs) with landowners. During 2023-24, the company added many new land parcels to build housing projects with a potential sales value of over Rs 20,000 crore. To expand busi

Macrotech Developers.. has an average target of 1496.00 from 3 brokers.

Macrotech Developers Ltd.

13 Jul 2024

1290.50

-1.12%

Macrotech Developers Q1 sales up 20% at Rs 4K cr on strong housing demand

Business Standard

Macrotech Developers has posted a 20 per cent growth in sale bookings to Rs 4,030 crore for the first quarter of this fiscal year as housing demand continues to be strong. Sale bookings of Macrotech Developers, which markets its properties under Lodha brand, stood at Rs 3,350 crore in the year-ago period. As per its latest operational update posted on stock exchanges, the collection from customers rose 12 per cent to Rs 2,690 crore in April-June FY25 from Rs 2,400 crore in the corresponding period of the previous year. The company registered 20 per cent growth in its sale bookings (pre-sales) to a record Rs 14,520 crore during 2023-24 as against Rs 12,060 crore in the previous year. It has given a guidance of achieving 21 per cent annual growth in sale bookings this fiscal to Rs 17,500 crore. Macrotech Developers, which has a significant presence in Mumbai Metropolitan Region (MMR) and Pune and has just entered Bengaluru, will launch 17 housing projects this fiscal year, having a

Macrotech Developers.. has an average target of 1496.00 from 3 brokers.

Macrotech Developers Ltd.

16 Jun 2024

1290.50

-1.12%

Macrotech Developers - Palava Likely To Be Big Beneficiary Of Infra Boom In MMR: Motilal Oswal

NDTV Profit

Township segment can be a $6-8 billion opportunity

Macrotech Developers Ltd. is trading above all available SMAs

Macrotech Developers Ltd.

14 Jun 2024

1290.50

-1.12%

Palava likely to be big beneficiary of infra boom in MMR

Buy: Macrotech Developers Ltd.

Target

Motilal Oswal

In FY24, LODHA reported pre-sales of INR145b, up 20% YoY and in line with
its medium-term growth strategy. While bookings in its core markets of
South & Central Mumbai, Thane and extended eastern suburbs grew by 6%
YoY, a large part of the growth was led by new markets.

Macrotech Developers.. has an average target of 1496.00 from 3 brokers.

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Buy 77.7%

Sell 8.11%

Hold 14.19%

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