Macrotech slashes Q3 net debt 12% to ₹4,320 cr

Macrotech Developers, a prominent real estate firm, reduced its net debt by 12% during the December quarter, bringing it down to ₹4,320 crore. The company improved internal cash flows and reported strong pre-sales performance to achieve this. Managing Director Abhishek Lodha stated that robust sales drove the reduction in debt and significantly strengthened the company’s financial position. At the end of the September quarter, Macrotech’s net debt stood at ₹4,930 crore.

In an interview with PTI, Lodha highlighted the company’s “robust” performance in the latest December quarter and expressed confidence about ending the fiscal year on a high note. He said, “We had our strongest-ever quarter (October-December 2024) in terms of pre-sales. We achieved a best-ever quarter in terms of collections (from customers). We posted strong underlying profitability, with our embedded EBITDA at 35%, well above our guidance of 30%. That number stands at 34% year-to-date.”

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Lodha also mentioned that the company acquired several land parcels across the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru during the first nine months of this fiscal year, with an estimated revenue potential exceeding ₹19,000 crore.

In new business development, he revealed that Macrotech had nearly reached 90% of its full-year target of ₹21,000 crore. Despite substantial business development, the company reduced its net debt by ₹600 crore, bringing it down to ₹4,300 crore, with a debt-to-equity ratio of 0.22.

Lodha emphasized that the company delivered a “robust performance” in the third quarter of the 2024-25 fiscal year, excelling across all important metrics like pre-sales, profitability, and business development.

Abhishek Lodha Expresses Confidence in Achieving ₹17,500 Crore Pre-Sales Target

Macrotech Developers reported record pre-sales of ₹4,510 crore, marking a 32% increase year-on-year, bringing the total pre-sales for the fiscal to ₹12,820 crore, a 25% rise. MD Abhishek Lodha expressed confidence that the company would achieve its ₹17,500 crore pre-sales target. Regarding the dispute with House of Abhinandan Lodha (HoABL), Lodha clarified that it is a corporate issue over trademark use, not a family matter. Macrotech has filed a lawsuit against HoABL for trademark infringement.

Lodha also clarified that Macrotech has no issue with his brother Abhinandan Lodha’s real estate business but emphasized the need to protect the company’s trademarks, “Lodha” and “Lodha Group.” He reiterated that the lawsuit against HoABL is a corporate matter, not a family dispute. Macrotech reported an 88% increase in Q3 net profit to ₹944.4 crore, driven by strong housing demand, and remains confident in achieving its ₹17,500 crore pre-sales target for the fiscal.

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