Macrotech Developers Share Price
Macrotech Developers Ltd.
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About Macrotech Developers
One of India's leading real estate developers, Macrotech Developers, is among the top five in terms of the value of residential sales for the financial years 2014 to 2020. Currently, it is working on residential developments in both the MMR and Pune. In 2019, it made its first entrance into the construction of logistics and industrial parks.
It entered into a joint venture with ESR Mumbai 3 Pte. (ESR), a subsidiary of ESR Cayman and a logistics real estate platform centered on the Asia Pacific region. In addition, it is involved in developing commercial real estate, including as a component of mixed-use buildings located inside and close to its primary residential projects.
The firm's business concept is centered on the client, and it prioritizes the creation and development of its "branded goods" to meet customers' requirements in various contexts and price ranges. Because it has the in-house capacity to deliver a project from the ideation stage through to its conclusion, its primary area of expertise is in the professional management of the real estate value chain. It places a major emphasis on reducing the risks associated with projects and enhancing the return it gets on its investments by reducing the time between acquisition, launch, and completion.
The company's housing developments are marketed under the names "Lodha," "CASA by Lodha," and "Crown - Lodha Quality Homes." The company's premium and luxury housing developments are marketed under "Lodha" and "Lodha Luxury." The company's office spaces are marketed under the names "I think," "Lodha Excellus," and "Lodha Supremus."
Its in-house sales force is backed by a distribution network consisting of several channels within India and in significant non-resident Indian (NRI) markets, such as the Gulf Cooperation Council, the United Kingdom, Singapore, and the United States. Palava (Navi Mumbai, Dombivali Region), Upper Thane (Thane outskirts), Amara (Thane), Lodha Sterling (Thane), Lodha Luxuria (Thane), Crown Thane (Thane), Bel Air (Jogeshwari), Lodha Belmondo (Pune), Lodha Splendora (Thane), and Casa Maxima are some of the affordable and middle-income housing projects currently being developed by the (Mira Road). Do you want to know about the Macrotech Developers Shares? Click Here to know about today’s Macrotech Developers Share Price.
It entered into a joint venture with ESR Mumbai 3 Pte. (ESR), a subsidiary of ESR Cayman and a logistics real estate platform centered on the Asia Pacific region. In addition, it is involved in developing commercial real estate, including as a component of mixed-use buildings located inside and close to its primary residential projects.
The firm's business concept is centered on the client, and it prioritizes the creation and development of its "branded goods" to meet customers' requirements in various contexts and price ranges. Because it has the in-house capacity to deliver a project from the ideation stage through to its conclusion, its primary area of expertise is in the professional management of the real estate value chain. It places a major emphasis on reducing the risks associated with projects and enhancing the return it gets on its investments by reducing the time between acquisition, launch, and completion.
The company's housing developments are marketed under the names "Lodha," "CASA by Lodha," and "Crown - Lodha Quality Homes." The company's premium and luxury housing developments are marketed under "Lodha" and "Lodha Luxury." The company's office spaces are marketed under the names "I think," "Lodha Excellus," and "Lodha Supremus."
Its in-house sales force is backed by a distribution network consisting of several channels within India and in significant non-resident Indian (NRI) markets, such as the Gulf Cooperation Council, the United Kingdom, Singapore, and the United States. Palava (Navi Mumbai, Dombivali Region), Upper Thane (Thane outskirts), Amara (Thane), Lodha Sterling (Thane), Lodha Luxuria (Thane), Crown Thane (Thane), Bel Air (Jogeshwari), Lodha Belmondo (Pune), Lodha Splendora (Thane), and Casa Maxima are some of the affordable and middle-income housing projects currently being developed by the (Mira Road). Do you want to know about the Macrotech Developers Shares? Click Here to know about today’s Macrotech Developers Share Price.
Fundamentals of Macrotech Developers Shares
Market Cap |
P/E Ratio |
P/B Ratio |
Industry P/E |
|---|---|---|---|
Rs. 39631.95 Cr |
47.80 |
4.62 |
146.97 |
ROE |
EPS (TTM) |
Dividend Yield |
Book Value |
|---|---|---|---|
14.31 % |
23.54 |
0.00 % |
235.86 |
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What is the Market Cap of Macrotech Developers Ltd. shares?
As of 27 Mar`23 the Market Cap of Macrotech Developers Ltd. is 39631.95.
What is the PE and PB ratio of Macrotech Developers Ltd. stock?
As of 27 Mar`23 the PE is 47.80 and PB is 4.62.
Macrotech Developers - Quaterly Results
Publish Date: 01/11/2022
Net sales declined -16.30% to Rs. 17244.30 million from Rs. 20603.60 millions.The Net Loss for the quarter ended September 2022 is Rs. -9416.10 millions as compared to Net Profit of Rs. 2384.50 millions of corresponding quarter ended September 2021The company reported a good operating profit of 4254.70 millions compared to 3945.00 millions of corresponding previous quarter.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202209 | 202109 | % Var | 202209 | 202109 | % Var | 202203 | 202103 | % Var | |
| Sales | 17244.30 | 20603.60 | -16.30 | 39638.20 | 36353.90 | 9.03 | 83659.10 | 59256.60 | 41.18 |
| Other Income | 71.50 | -427.00 | -116.74 | 210.10 | 428.90 | -51.01 | 1540.30 | 972.50 | 58.39 |
| PBIDT | 4254.70 | 3945.00 | 7.85 | 8185.60 | 8120.20 | 0.81 | 20577.00 | 15349.60 | 34.06 |
| Interest | 1320.60 | 667.20 | 97.93 | 3306.10 | 2233.00 | 48.06 | 4032.10 | 8500.30 | -52.57 |
| PBDT | -8839.80 | 3277.80 | -369.69 | -6894.40 | 5887.20 | -217.11 | 16544.90 | 2249.30 | 635.56 |
| Depreciation | 316.00 | 138.30 | 128.49 | 527.90 | 277.60 | 90.17 | 561.20 | 689.30 | -18.58 |
| PBT | -9155.80 | 3139.50 | -391.63 | -7422.30 | 5609.60 | -232.31 | 15983.70 | 1560.00 | 924.60 |
| TAX | 260.30 | 755.00 | -65.52 | 606.90 | 1401.60 | -56.70 | 4649.10 | 338.60 | 1273.04 |
| Deferred Tax | -251.20 | 719.90 | -134.89 | -199.20 | 1366.50 | -114.58 | 4778.60 | -740.80 | -745.06 |
| PAT | -9416.10 | 2384.50 | -494.89 | -8029.20 | 4208.00 | -290.81 | 11334.60 | 1221.40 | 828.00 |
| Equity | 4816.20 | 4473.20 | 7.67 | 4816.20 | 4473.20 | 7.67 | 4815.10 | 3958.80 | 21.63 |
| PBIDTM(%) | 24.67 | 19.15 | 28.86 | 20.65 | 22.34 | -7.55 | 24.60 | 25.90 | -5.05 |
Macrotech Developers - Quaterly Results
Publish Date: 01/11/2022
The sales is pegged at Rs. 17244.30 millions for the September 2022 quarter. The mentioned figure indicates decline with the sales recorded at Rs. 20603.60 millions during the year-ago period.The Net Loss for the quarter ended September 2022 is Rs. -9416.10 millions as compared to Net Profit of Rs. 2384.50 millions of corresponding quarter ended September 2021Operating Profit saw a handsome growth to 4254.70 millions from 3945.00 millions in the quarter ended September 2022.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202209 | 202109 | % Var | 202209 | 202109 | % Var | 202203 | 202103 | % Var | |
| Sales | 17244.30 | 20603.60 | -16.30 | 39638.20 | 36353.90 | 9.03 | 83659.10 | 59256.60 | 41.18 |
| Other Income | 71.50 | -427.00 | -116.74 | 210.10 | 428.90 | -51.01 | 1540.30 | 972.50 | 58.39 |
| PBIDT | 4254.70 | 3945.00 | 7.85 | 8185.60 | 8120.20 | 0.81 | 20577.00 | 15349.60 | 34.06 |
| Interest | 1320.60 | 667.20 | 97.93 | 3306.10 | 2233.00 | 48.06 | 4032.10 | 8500.30 | -52.57 |
| PBDT | -8839.80 | 3277.80 | -369.69 | -6894.40 | 5887.20 | -217.11 | 16544.90 | 2249.30 | 635.56 |
| Depreciation | 316.00 | 138.30 | 128.49 | 527.90 | 277.60 | 90.17 | 561.20 | 689.30 | -18.58 |
| PBT | -9155.80 | 3139.50 | -391.63 | -7422.30 | 5609.60 | -232.31 | 15983.70 | 1560.00 | 924.60 |
| TAX | 260.30 | 755.00 | -65.52 | 606.90 | 1401.60 | -56.70 | 4649.10 | 338.60 | 1273.04 |
| Deferred Tax | -251.20 | 719.90 | -134.89 | -199.20 | 1366.50 | -114.58 | 4778.60 | -740.80 | -745.06 |
| PAT | -9416.10 | 2384.50 | -494.89 | -8029.20 | 4208.00 | -290.81 | 11334.60 | 1221.40 | 828.00 |
| Equity | 4816.20 | 4473.20 | 7.67 | 4816.20 | 4473.20 | 7.67 | 4815.10 | 3958.80 | 21.63 |
| PBIDTM(%) | 24.67 | 19.15 | 28.86 | 20.65 | 22.34 | -7.55 | 24.60 | 25.90 | -5.05 |
Macrotech Developers - Quaterly Results
Publish Date: 24/01/2023
The company witnessed a 19.51% growth in the revenue at Rs. 16705.80 millions for the quarter ended December 2022 as compared to Rs. 13978.10 millions during the year-ago period.Net profit for the quarter ended December 2022 increased significantly by 82.14% to Rs. 3801.00 millions from Rs. 2086.80 millions.Operating Profit saw a handsome growth to 5175.70 millions from 3685.50 millions in the quarter ended December 2022.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202212 | 202112 | % Var | 202212 | 202112 | % Var | 202203 | 202103 | % Var | |
| Sales | 16705.80 | 13978.10 | 19.51 | 56344.00 | 50332.00 | 11.94 | 83659.10 | 59256.60 | 41.18 |
| Other Income | 1656.10 | 381.50 | 334.10 | 1866.20 | 810.40 | 130.28 | 1540.30 | 972.50 | 58.39 |
| PBIDT | 5175.70 | 3685.50 | 40.43 | 13361.30 | 11805.70 | 13.18 | 20577.00 | 15349.60 | 34.06 |
| Interest | 1326.00 | 703.80 | 88.41 | 4632.10 | 2936.80 | 57.73 | 4032.10 | 8500.30 | -52.57 |
| PBDT | 3849.70 | 2981.70 | 29.11 | -3044.70 | 8868.90 | -134.33 | 16544.90 | 2249.30 | 635.56 |
| Depreciation | 337.50 | 140.50 | 140.21 | 865.40 | 418.10 | 106.98 | 561.20 | 689.30 | -18.58 |
| PBT | 3512.20 | 2841.20 | 23.62 | -3910.10 | 8450.80 | -146.27 | 15983.70 | 1560.00 | 924.60 |
| TAX | -288.80 | 754.40 | -138.28 | 318.10 | 2156.00 | -85.25 | 4649.10 | 338.60 | 1273.04 |
| Deferred Tax | -984.90 | 1031.50 | -195.48 | -1184.10 | 2398.00 | -149.38 | 4778.60 | -740.80 | -745.06 |
| PAT | 3801.00 | 2086.80 | 82.14 | -4228.20 | 6294.80 | -167.17 | 11334.60 | 1221.40 | 828.00 |
| Equity | 4817.50 | 4815.10 | 0.05 | 4817.50 | 4815.10 | 0.05 | 4815.10 | 3958.80 | 21.63 |
| PBIDTM(%) | 30.98 | 26.37 | 17.50 | 23.71 | 23.46 | 1.10 | 24.60 | 25.90 | -5.05 |
Macrotech Developers - Quaterly Results
Publish Date: 24/01/2023
The revenue zoomed 19.51% to Rs. 16705.80 millions for the quarter ended December 2022 as compared to Rs. 13978.10 millions during the corresponding quarter last year.Profit for the quarter ended December 2022 rises by 82.14% to Rs. 3801.00 millions from Rs. 2086.80 millions.Operating profit surged to 5175.70 millions from the corresponding previous quarter of 3685.50 millions.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202212 | 202112 | % Var | 202212 | 202112 | % Var | 202203 | 202103 | % Var | |
| Sales | 16705.80 | 13978.10 | 19.51 | 56344.00 | 50332.00 | 11.94 | 83659.10 | 59256.60 | 41.18 |
| Other Income | 1656.10 | 381.50 | 334.10 | 1866.20 | 810.40 | 130.28 | 1540.30 | 972.50 | 58.39 |
| PBIDT | 5175.70 | 3685.50 | 40.43 | 13361.30 | 11805.70 | 13.18 | 20577.00 | 15349.60 | 34.06 |
| Interest | 1326.00 | 703.80 | 88.41 | 4632.10 | 2936.80 | 57.73 | 4032.10 | 8500.30 | -52.57 |
| PBDT | 3849.70 | 2981.70 | 29.11 | -3044.70 | 8868.90 | -134.33 | 16544.90 | 2249.30 | 635.56 |
| Depreciation | 337.50 | 140.50 | 140.21 | 865.40 | 418.10 | 106.98 | 561.20 | 689.30 | -18.58 |
| PBT | 3512.20 | 2841.20 | 23.62 | -3910.10 | 8450.80 | -146.27 | 15983.70 | 1560.00 | 924.60 |
| TAX | -288.80 | 754.40 | -138.28 | 318.10 | 2156.00 | -85.25 | 4649.10 | 338.60 | 1273.04 |
| Deferred Tax | -984.90 | 1031.50 | -195.48 | -1184.10 | 2398.00 | -149.38 | 4778.60 | -740.80 | -745.06 |
| PAT | 3801.00 | 2086.80 | 82.14 | -4228.20 | 6294.80 | -167.17 | 11334.60 | 1221.40 | 828.00 |
| Equity | 4817.50 | 4815.10 | 0.05 | 4817.50 | 4815.10 | 0.05 | 4815.10 | 3958.80 | 21.63 |
| PBIDTM(%) | 30.98 | 26.37 | 17.50 | 23.71 | 23.46 | 1.10 | 24.60 | 25.90 | -5.05 |
Macrotech Developers - Quaterly Results
Publish Date: 24/01/2023
The revenue zoomed 19.51% to Rs. 16705.80 millions for the quarter ended December 2022 as compared to Rs. 13978.10 millions during the corresponding quarter last year.Profit for the quarter ended December 2022 rises by 82.14% to Rs. 3801.00 millions from Rs. 2086.80 millions.Operating profit surged to 5175.70 millions from the corresponding previous quarter of 3685.50 millions.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202212 | 202112 | % Var | 202212 | 202112 | % Var | 202203 | 202103 | % Var | |
| Sales | 16705.80 | 13978.10 | 19.51 | 56344.00 | 50332.00 | 11.94 | 83659.10 | 59256.60 | 41.18 |
| Other Income | 1656.10 | 381.50 | 334.10 | 1866.20 | 810.40 | 130.28 | 1540.30 | 972.50 | 58.39 |
| PBIDT | 5175.70 | 3685.50 | 40.43 | 13361.30 | 11805.70 | 13.18 | 20577.00 | 15349.60 | 34.06 |
| Interest | 1326.00 | 703.80 | 88.41 | 4632.10 | 2936.80 | 57.73 | 4032.10 | 8500.30 | -52.57 |
| PBDT | 3849.70 | 2981.70 | 29.11 | -3044.70 | 8868.90 | -134.33 | 16544.90 | 2249.30 | 635.56 |
| Depreciation | 337.50 | 140.50 | 140.21 | 865.40 | 418.10 | 106.98 | 561.20 | 689.30 | -18.58 |
| PBT | 3512.20 | 2841.20 | 23.62 | -3910.10 | 8450.80 | -146.27 | 15983.70 | 1560.00 | 924.60 |
| TAX | -288.80 | 754.40 | -138.28 | 318.10 | 2156.00 | -85.25 | 4649.10 | 338.60 | 1273.04 |
| Deferred Tax | -984.90 | 1031.50 | -195.48 | -1184.10 | 2398.00 | -149.38 | 4778.60 | -740.80 | -745.06 |
| PAT | 3801.00 | 2086.80 | 82.14 | -4228.20 | 6294.80 | -167.17 | 11334.60 | 1221.40 | 828.00 |
| Equity | 4817.50 | 4815.10 | 0.05 | 4817.50 | 4815.10 | 0.05 | 4815.10 | 3958.80 | 21.63 |
| PBIDTM(%) | 30.98 | 26.37 | 17.50 | 23.71 | 23.46 | 1.10 | 24.60 | 25.90 | -5.05 |
Macrotech Developers shines on planning to raise Rs 250 crore via NCDs
Publish Date: 25/08/2022
A meeting of the Board of Directors of the Company is scheduled to be held on Monday, August 29, 2022, inter alia, to seek approval for the same
Macrotech Developers is currently trading at Rs. 1109.45, up by 24.60 points or 2.27% from its previous closing of Rs. 1084.85 on the BSE.
The scrip opened at Rs. 1103.45 and has touched a high and low of Rs. 1112.00 and Rs. 1091.60 respectively. So far 1592 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1538.65 on 01-Dec-2021 and a 52 week low of Rs. 814.85 on 26-May-2022.
Last one week high and low of the scrip stood at Rs. 1125.45 and Rs. 1047.00 respectively. The current market cap of the company is Rs. 52614.52 crore.
The promoters holding in the company stood at 82.20%, while Institutions and Non-Institutions held 16.40% and 1.40% respectively.
Macrotech Developers is planning to raise funds upto Rs 250 crore in one or more tranches by issuing Non-Convertible Debentures (NCDs). A meeting of the Board of Directors of the Company is scheduled to be held on Monday, August 29, 2022, inter alia, to seek approval for the same.
Macrotech Developers is primarily engaged in affordable residential real estate developments and in 2019, it entered into the development of logistics and industrial parks and also develop commercial real estate.
Macrotech Developers rises on getting nod to raise up to Rs 250 crore through NCDs
Publish Date: 30/08/2022
The company did not disclose the utilisation of the proceeds of the proposed Non-Convertible Debentures issue
Macrotech Developers is currently trading at Rs. 1056.10, up by 13.20 points or 1.27% from its previous closing of Rs. 1042.90 on the BSE.
The scrip opened at Rs. 1060.40 and has touched a high and low of Rs. 1064.90 and Rs. 1049.30 respectively. So far 429 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1538.65 on 01-Dec-2021 and a 52 week low of Rs. 814.85 on 26-May-2022.
Last one week high and low of the scrip stood at Rs. 1112.00 and Rs. 1013.00 respectively. The current market cap of the company is Rs. 50618.21 crore.
The promoters holding in the company stood at 82.20%, while Institutions and Non-Institutions held 16.40% and 1.40% respectively.
Macrotech Developers has received approval to raise up to Rs 250 crore through the issuance of listed, rated, secured, redeemable, transferable, non-convertible debentures (NCDs). The company did not disclose the utilisation of the proceeds of the proposed Non-Convertible Debentures issue. The Board of Directors at its meeting held on August 29, 2022, has approved the same.
Macrotech Developers is primarily engaged in affordable residential real estate developments and in 2019, it entered into the development of logistics and industrial parks and also develop commercial real estate.
Macrotech Developers soars on reporting 57% rise in sales bookings during Q2FY23
Publish Date: 07/10/2022
The collections from customers against sales rose 24% to Rs 2,375 crore in Q2FY23 from Rs 1,912 crore during Q2FY22
Macrotech Developers is currently trading at Rs. 1013.10, up by 20.20 points or 2.03% from its previous closing of Rs. 992.90 on the BSE.
The scrip opened at Rs. 995.05 and has touched a high and low of Rs. 1039.95 and Rs. 990.90 respectively. So far 4262 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1538.65 on 01-Dec-2021 and a 52 week low of Rs. 814.85 on 26-May-2022.
Last one week high and low of the scrip stood at Rs. 1039.95 and Rs. 908.60 respectively. The current market cap of the company is Rs. 48792.87 crore.
The promoters holding in the company stood at 82.20%, while Institutions and Non-Institutions held 16.40% and 1.40% respectively.
Macrotech Developers has reported 57% rise in its sales bookings during the July-September quarter (Q2FY23) to Rs 3,148 crore as compared to Rs 2,003 crore in Q2FY22 on strong housing demand. The collections from customers against sales rose 24% to Rs 2,375 crore in Q2FY23 from Rs 1,912 crore during Q2FY22. Net Debt for India business stood at Rs 8,796 crore in Q2FY23.
Macrotech Developers is primarily engaged in affordable residential real estate developments and in 2019, it entered into the development of logistics and industrial parks and also develop commercial real estate.
Macrotech Developers rises on planning to launch 16 new projects in second half of FY23
Publish Date: 09/11/2022
These projects would be a mix of fully-owned and joint development with landowners
Macrotech Developers is currently trading at Rs. 938.55, up by 10.70 points or 1.15% from its previous closing of Rs. 927.85 on the BSE.
The scrip opened at Rs. 929.05 and has touched a high and low of Rs. 941.25 and Rs. 927.40 respectively. So far 1597 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1538.65 on 01-Dec-2021 and a 52 week low of Rs. 814.85 on 26-May-2022.
Last one week high and low of the scrip stood at Rs. 1009.00 and Rs. 920.70 respectively. The current market cap of the company is Rs. 44694.29 crore.
The promoters holding in the company stood at 82.20%, while Institutions and Non-Institutions held 16.47% and 1.33% respectively.
Macrotech Developers is planning to launch 16 new projects in the second half of this fiscal with an estimated sales potential of Rs 10,300 crore as it seeks to tap rising housing demand. The company, which sells its properties under the Lodha brand, is one of the leading real estate firms in the country. It has a major presence in Mumbai Metropolitan Region (MMR) and Pune property markets, while recently making an entry into the Bengaluru market with one housing project. These projects would be a mix of fully-owned and joint development with landowners.
During the April-September period, the company has clocked record sales bookings of Rs 6,004 crore against Rs 2,960 crore in the corresponding period of the previous year. It has already met more than half of its Rs 11,500 crore sales guidance for the full 2022-23 financial year.
Macrotech Developers is primarily engaged in affordable residential real estate developments and in 2019, it entered into the development of logistics and industrial parks and also develop commercial real estate.
Macrotech Developers informs about disclosure
Publish Date: 20/12/2022
Macrotech Developers has informed that the exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on December 20, 2022 for Hightown Constructions & Homecraft Developers and Farms.
The above information is a part of company’s filings submitted to BSE.
Macrotech Developers jumps on aiming to cut net debt by nearly 40% by end of 2023
Publish Date: 30/01/2023
The company plans to cut debt by Rs 500-800 crore every quarter
Macrotech Developers is currently trading at Rs. 1028.40, up by 14.65 points or 1.45% from its previous closing of Rs. 1013.75 on the BSE.
The scrip opened at Rs. 1006.05 and has touched a high and low of Rs. 1034.90 and Rs. 1000.00 respectively. So far 6316 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1391.00 on 02-Feb-2022 and a 52 week low of Rs. 814.85 on 26-May-2022.
Last one week high and low of the scrip stood at Rs. 1125.05 and Rs. 1000.00 respectively. The current market cap of the company is Rs. 49080.22 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 22.90% and 2.10% respectively.
Macrotech Developers is aiming to cut its net debt by nearly 40 per cent to around Rs 5,000 crore by the end of this calendar year with the help of surplus cash flow from strong housing sales. Mumbai-based Macrotech Developers, which is one of the leading real estate firms in the country, markets its properties under the Lodha brand.
As per the company, sales bookings and cash flows have been very strong so far this fiscal year, resulting in reduction in debt by Rs 753 crore in the December quarter to Rs 8,042 crore. The company plans to cut debt by Rs 500-800 crore every quarter.
Macrotech Developers is primarily engaged in affordable residential real estate developments and in 2019, it entered into the development of logistics and industrial parks and also develop commercial real estate.
Board Meeting
Publish Date: 24/01/2023
Quarterly Results
Board Meeting
Publish Date: 29/08/2022
Inter alia, to consider and approve raising funds upto Rs. 250 crore in one or more tranches by issuing Non-Convertible Debentures.
Board Meeting
Publish Date: 26/04/2022
Audited Results
Board Meeting
Publish Date: 25/01/2022
Quarterly Results
Board Meeting
Publish Date: 18/11/2021
General Purpose
Board Meeting
Publish Date: 21/10/2021
Quarterly Results & Inter alia, to consider and approve Proposal to raise funds by way of further issue of securities
Board Meeting
Publish Date: 30/07/2021
Quarterly Results
Board Meeting
Publish Date: 14/05/2021
Quarterly Results & Audited Results
Macrotech Developers planning to raise Rs 250 crore via NCDs
Publish Date: 25/08/2022
A meeting of the Board of Directors of the Company is scheduled to be held on Monday, August 29, 2022, inter alia, to seek approval for the same
Macrotech Developers is planning to raise funds upto Rs 250 crore in one or more tranches by issuing Non-Convertible Debentures (NCDs). A meeting of the Board of Directors of the Company is scheduled to be held on Monday, August 29, 2022, inter alia, to seek approval for the same.
Macrotech Developers is primarily engaged in affordable residential real estate developments and in 2019, it entered into the development of logistics and industrial parks and also develop commercial real estate.
Macrotech Developers gets nod to raise up to Rs 250 crore through NCDs
Publish Date: 30/08/2022
The company did not disclose the utilisation of the proceeds of the proposed Non-Convertible Debentures issue
Macrotech Developers has received approval to raise up to Rs 250 crore through the issuance of listed, rated, secured, redeemable, transferable, non-convertible debentures (NCDs). The company did not disclose the utilisation of the proceeds of the proposed Non-Convertible Debentures issue. The Board of Directors at its meeting held on August 29, 2022, has approved the same.
Macrotech Developers is primarily engaged in affordable residential real estate developments and in 2019, it entered into the development of logistics and industrial parks and also develop commercial real estate.
Macrotech Developers reports 57% rise in sales bookings during Q2FY23
Publish Date: 06/10/2022
The collections from customers against sales rose 24% to Rs 2,375 crore in Q2FY23 from Rs 1,912 crore during Q2FY22
Macrotech Developers has reported 57% rise in its sales bookings during the July-September quarter (Q2FY23) to Rs 3,148 crore as compared to Rs 2,003 crore in Q2FY22 on strong housing demand. The collections from customers against sales rose 24% to Rs 2,375 crore in Q2FY23 from Rs 1,912 crore during Q2FY22. Net Debt for India business stood at Rs 8,796 crore in Q2FY23.
Macrotech Developers is primarily engaged in affordable residential real estate developments and in 2019, it entered into the development of logistics and industrial parks and also develop commercial real estate.
Macrotech Developers gets nod to raise up to Rs 3000 crore through NCDs
Publish Date: 02/11/2022
The Board of Directors at its meeting held on November 1, 2022, has approved the same
Macrotech Developers has received approval to raise upto Rs 3000 crore by way of issuance of Non-Convertible Debentures (NCDs), from time to time, to diversify pool of debt capital and achieve reduction in cost of funds. The Executive Committee of the Board has been authorised to take all necessary steps, incidental, consequential, relevant or ancillary, in connection with the issue of NCDs as above. The Board of Directors at its meeting held on November 1, 2022, has approved the same.
Macrotech Developers is primarily engaged in affordable residential real estate developments and in 2019, it entered into the development of logistics and industrial parks and also develop commercial real estate.
Macrotech Developers reports consolidated net loss of Rs 933 crore for Q2FY23
Publish Date: 02/11/2022
Total consolidated income of the company decreased by 17.61% to Rs 1,761.23 crore for Q2FY23
Macrotech Developers has reported results for second quarter ended September 30, 2022.
The company has reported net loss of Rs 941.61 crore for Q2FY23 as compared to net profit of Rs 238.45 crore for the corresponding quarter previous year. Total income of the company decreased by 14.18% to Rs 1,731.58 crore for the quarter under review as compared to Rs 2,017.66 crore for the same quarter in the previous year.
On the consolidated basis, the company has reported net loss of Rs 933.00 crore for Q2FY23 as compared to net profit of Rs 223.36 crore for the same quarter in the previous year. Total income of the company decreased by 17.61% to Rs 1,761.23 crore for the quarter under review as compared to Rs 2,137.76 crore for the same quarter in the previous year.
Macrotech Developers planning to launch 16 new projects in second half of FY23
Publish Date: 09/11/2022
These projects would be a mix of fully-owned and joint development with landowners
Macrotech Developers is planning to launch 16 new projects in the second half of this fiscal with an estimated sales potential of Rs 10,300 crore as it seeks to tap rising housing demand. The company, which sells its properties under the Lodha brand, is one of the leading real estate firms in the country. It has a major presence in Mumbai Metropolitan Region (MMR) and Pune property markets, while recently making an entry into the Bengaluru market with one housing project. These projects would be a mix of fully-owned and joint development with landowners.
During the April-September period, the company has clocked record sales bookings of Rs 6,004 crore against Rs 2,960 crore in the corresponding period of the previous year. It has already met more than half of its Rs 11,500 crore sales guidance for the full 2022-23 financial year.
Macrotech Developers is primarily engaged in affordable residential real estate developments and in 2019, it entered into the development of logistics and industrial parks and also develop commercial real estate.
Macrotech Developers receives exceptional score in S&P Global CSA 2022
Publish Date: 21/11/2022
Globally, this ranks Lodha amongst the top 1% most sustainable companies out of over 858 companies
Macrotech Developers (formerly known as Lodha Developers) has received an exceptional score in S&P Global Corporate Sustainability Assessment (CSA) 2022. The company achieved a score of 75 (out of 100), the highest amongst the real estate companies in India. Globally, this ranks Lodha amongst the top 1% most sustainable companies out of over 858 companies.
The S&P Global Corporate Sustainability Assessment (CSA) is one of the leading evaluations of companies’ sustainability practices, held annually. With an aim of baselining its ESG impact, the company first appeared on this benchmark last year, and since then, it has significantly improved its position this year.
Macrotech Developers is primarily engaged in affordable residential real estate developments and in 2019, it entered into the development of logistics and industrial parks and also develop commercial real estate.
Macrotech Developers’ promoters to raise Rs 3,500 crore by selling shares to institutional investors
Publish Date: 08/12/2022
The promoters are selling shares for the purpose of achieving minimum public shareholding
Macrotech Developers’ promoters are planning to raise about Rs 3,500 crore by selling shares to institutional investors. The company has launched Qualified Institutional Placement (QIP) of the equity shares. The QIP consists of an offer-for-sale (OFS) of shares by promoter group entities -- Sambhavnath Trust, Sambhavnath Infrabuild and Farms, Hightown Constructions and Homecraft Developers and Farms. The promoters are selling shares for the purpose of achieving minimum public shareholding.
As on September 2022, promoters had 82.20% stake in the company and they need to bring it down to 75% in order to maintain the minimum 25% public shareholding.
Macrotech Developers is primarily engaged in affordable residential real estate developments and in 2019, it entered into the development of logistics and industrial parks and also develop commercial real estate.
Macrotech Developers’ promoters raise Rs 3,547 crore through QIP
Publish Date: 13/12/2022
The issue was priced at Rs 1,026 as against the floor price of Rs 1,022.75
Macrotech Developers’ promoters have raised Rs 3,547 crore through Qualified Institutional Placement (QIP) by selling shares to institutional investors including ADIA for bringing down their stake in the company to 75 per cent and meet the minimum public shareholding norm of 25 per cent. Last week, Macrotech Developers had launched QIP of equity shares. The issue closed on December 12, 2022.
The QIP consisted of an offer-for-sale (OFS) of shares by promoter group entities -- Sambhavnath Trust, Sambhavnath Infrabuild and Farms, Hightown Constructions and Homecraft Developers and Farms. The issue was priced at Rs 1,026 as against the floor price of Rs 1,022.75.
Macrotech Developers is primarily engaged in affordable residential real estate developments and in 2019, it entered into the development of logistics and industrial parks and also develop commercial real estate.
Macrotech Developers to invest Rs 330 crore to develop premium warehousing project in Mumbai
Publish Date: 15/12/2022
The development of project is expected to be completed in the next 12-18 months in phases
Macrotech Developers is planning to invest Rs 330 crore to develop a premium warehousing project in Mumbai as part of its expansion plan and to tap rising demand from e-commerce and third-party logistic companies. Macrotech Developers, which markets its properties under the Lodha brand, is one of the leading real estate firms in the country.
The company’s Lodha Green Digital Infrastructure (LGDI) platform has acquired around 8 acres of land in Kurla, Mumbai. The land will be used for the development of about 4 lakhs square feet of Grade-A in-city fulfilment centre to provide the last mile warehousing infrastructure to 3PL, e-commerce and quick-commerce companies.
The development of project is expected to be completed in the next 12-18 months in phases. This is the second acquisition by the LGDI platform in Mumbai and it seeks to acquire more such assets in the city and other key consumption/manufacturing hubs across India like Pune, Bangalore, NCR, and other cities.
Macrotech Developers is primarily engaged in affordable residential real estate developments and in 2019, it entered into the development of logistics and industrial parks and also develop commercial real estate.
Macrotech Developers reports 16% rise in sales bookings during Q3FY23
Publish Date: 06/01/2023
The collections from customers against sales rose 26.1% to Rs 2,682 crore in Q3FY23
Macrotech Developers has reported 16.3% rise in its sales bookings during the October-December quarter (Q3FY23) to Rs 3,035 crore (provisional) as compared to Rs 2,608 crore in Q3FY22. The collections from customers against sales rose 26.1% to Rs 2,682 crore in Q3FY23 from Rs 2,127 crore during Q3FY22. Net Debt for India business stood at Rs 8,042 crore in Q3FY23.
Macrotech Developers is primarily engaged in affordable residential real estate developments and in 2019, it entered into the development of logistics and industrial parks and also develop commercial real estate.
Macrotech Developers reports 41% rise in Q3 consolidated net profit
Publish Date: 25/01/2023
Total consolidated income of the company decreased 11.75% at Rs 1902.44 crore for Q3FY23
Macrotech Developers has reported results for third quarter ended December 31, 2022 (Q3FY23).
The company has reported a rise of 82.14% in its net profit at Rs 380.10 crore for the quarter under review as compared to Rs 208.68 crore for the same quarter in the previous year. Total income of the company increased 27.87% at Rs 1836.19 crore for Q3FY23 as compared to Rs 1435.96 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported rise of 41.14% in its net profit at Rs 404.98 crore for the quarter under review as compared to Rs 286.38 crore for the same quarter in the previous year. However, total income of the company decreased 11.75% at Rs 1902.44 crore for Q3FY23 as compared to Rs 2155.70 crore for the corresponding quarter previous year.
Macrotech Developers aiming to cut net debt by nearly 40% by end of 2023
Publish Date: 30/01/2023
The company plans to cut debt by Rs 500-800 crore every quarter
Macrotech Developers is aiming to cut its net debt by nearly 40 per cent to around Rs 5,000 crore by the end of this calendar year with the help of surplus cash flow from strong housing sales. Mumbai-based Macrotech Developers, which is one of the leading real estate firms in the country, markets its properties under the Lodha brand.
As per the company, sales bookings and cash flows have been very strong so far this fiscal year, resulting in reduction in debt by Rs 753 crore in the December quarter to Rs 8,042 crore. The company plans to cut debt by Rs 500-800 crore every quarter.
Macrotech Developers is primarily engaged in affordable residential real estate developments and in 2019, it entered into the development of logistics and industrial parks and also develop commercial real estate.
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