Macrotech Developers Ltd Achieves Best Ever Quarterly Pre-Sales of INR 42.9bn in Q2FY25

Macrotech Developers Ltd has reported its key operational updates for Q2FY25. The company achieved its best ever quarterly pre-sales of INR 42.9bn, showing a growth of 21% on YoY. Despite the inauspicious ‘Shradhh’ period falling in September this FY, the company managed to achieve pre-sales of INR ~83bn in H1FY25. With the festive season commencing, the company is on target to meet its full-year guidance of 20% pre-sales growth. Collections were INR 30.7bn for Q2FY25, showing a growth of 11% YoY. The company added four projects in Pune and Bengaluru, having INR 55bn of GDV. Business development for the 15th half of the fiscal stands at INR 166bn, which is >75% of full year guidance of INR 210bn. The company also acquired ~45 acres of land for its Digital Infrastructure (warehousing and industrial) business in Chennai and entered into an agreement to increase its stake in the rental income (PropCo) from its Digital Infrastructure platform to 66.7% (from earlier ~33%). The net debt of the company is INR 49.2bn, well below the ceiling of 0.5x Net Debt/Equity.