INSUBCONTINENT EXCLUSIVE:
Shares of Macrotech Developers (Lodha) will be in focus on Tuesday, July 8, after the real estate major reported its business performance
over Rs 40.3 billion reported in the same quarter last year.This growth came despite the impact of geopolitical tensions in the first half
of the quarter, which led to a temporary disruption in activity for nearly two weeks.The company stated that it expects to make up for the
lost period over the remaining quarters of the financial year
With a strengthened launch pipeline and significant business development activity during the quarter, the company reaffirmed its guidance of
achieving Rs 210 billion in pre-sales for the full year.Collections for Q1FY26 stood at Rs 28.8 billion, representing a 7% rise from Rs 26.9
billion recorded in Q1FY25
The company noted that collections were in line with the business plan and indicated that it expects stronger performance in the second half
of the fiscal year compared to the first.During the quarter, Macrotech Developers added five new projects across MMR (Mumbai Metropolitan
Region), Pune, and Bengaluru, with a Gross Development Value (GDV) of Rs 227 billion.
Live EventsThis represents over 90% of the company's
full-year GDV guidance of Rs 250 billion, indicating a robust project pipeline for the upcoming quarters.Despite ongoing investments in new
business development, the company maintained a disciplined balance sheet
shares of Macrotech Developers closed flat at Rs 1,377.50 on the BSE.Also read: Jane Street probe: Sebi chief Tuhin Kanta Pandey rules out
weekly expiry ban, signals tighter derivatives watch(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are
These do not represent the views of TheIndianSubcontinent)
