NEW DELHI: Macrotech Developers has reported a growth of 87.02 per cent in its net consolidated profit during the quarter ended December 31, 2024. Its profit after tax stood at Rs 944.8 crore in Q3 FY25 as against Rs 505.2 it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing.
The company’s net consolidated total income and gains stood at Rs 4,146.6 crore in Q3 FY25, a growth of 40.15 per cent from Rs 2,958.7 crore it recorded in the similar quarter last year.
Abhishek Lodha, MD & CEO of the company said, “This is the fourth consecutive quarter of achieving pre-sales greater than Rs 40 billion. Pre-sales have come along side robust embedded EBITDA margins of 35%. With this we have achieved Rs 128.2 billion of pre-sales in the 9M FY25 showcasing ~25% growth. The quarter also saw the strongest ever collections performance of Rs 42.9 billion which showcases strong execution capability of the organization.”
Based on the recommendation of the nomination & remuneration committee, the board of directors have approved the appointment of Sushil Kumar Modi as an additional and whole-time director, for a term of three years, with effect from January 25, 2025.
The board also approved the appointment of Sanjay Chauhan as the chief financial officer (CFO) and key managerial personnel of the company with effect from January 25, 2025.
As on December 31, 2024, the company’s net worth stood at Rs 18,846.7 crore, debt-equity ratio was 0.41, total debts to total assets was 0.16, current liability ratio was 0.94, operating margin was 38.85% and net profit margin was 22.78%.
During the quarter ended on December 31, 2024. the company has allotted 16,96,349 equity shares having a face value of Rs 10 each upon exercise of options granted under the Macrotech Developers – employee stock option schemes.
“Our new business development for 9M FY25 across Mumbai Metropolitan Region (MMR), Pune and Bengaluru stands at Rs ~195 billion of gross development value (eight projects), thus achieving 90%+ of our full year guidance. We reduced our net debt by Rs 6.1 billion to Rs 43.1 billion (0.22x net debt/equity) – well below our ceiling of 0.5x net debt/equity. This is on the back of strong operating cash flow generation of Rs 24 billion during the quarter,” said Lodha.
The company recorded pre-sales of R 45.1 billion in Q3 FY25, registering a growth of 32 per cent year-on-year while collections increased by 66 per cent and stood at Rs 42.9 billion during the quarter.
