Macrotech Developers has posted quarterly pre-sales of Rs 42.9 billion, showing growth of 21% on year on year sales in the second quarter of the financial year 2024-25.
The company has posted pre-sales of Rs 83 billion in the first half of FY25. The pre-sales growth in the first half of the financial year is 21% year-on-year.
The company claims to be on target to meet its full year guidance of 20% pre-sales growth.
Collections of the company was Rs 30.7 billion for Q2 FY25 showing a growth of 11% year-on-year.
The company added four projects in Pune and Bengaluru, having Rs 55 billion of gross development value (GDV) in the said quarter.Business development for the first half of the fiscal stands at Rs 166 billion, which is >75% of full year guidance of Rs 210 billion.
The company acquired 45 acres of land for warehousing and industrial business in Chennai, as well as entered into agreement to increase stake in the rental income (PropCo) from digital infrastructure platform to 66.7% (from earlier ~33%).
The net debt of the company stands at Rs 49.2 billion.
