Earlier, Lodha posted its best-ever quarterly pre-sales at Rs. 4,290 crore, which was 21% higher than the corresponding quarter of the previous fiscal. In Pune and Bengaluru Rs. 5,500 was added in development value, the company said in the filing.
The company’s collection number is Rs. 3,070 crore which was 11% higher year-on-year. Its adjusted earnings before interest, tax, depreciation and amortization (EBITDA) stood at Rs. 960 crore, which is over 74% year-on-year.
The company has paid the global data center major Rs. 12 crores per acre, making Palawa a major data center hub. The company also added four more projects in Pune and Bengaluru during the quarter.
Commenting on the performance, Abhishek Lodha, MD & CEO, Macrotech Developers said, “We achieved our best ever quarterly pre-sales performance of INR 42.9bn in Q2FY25 which is a seasonally weak quarter due to monsoon. Additionally, the quarter was affected by an inauspicious ‘Shradha’ period
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September this year (vs. October in FY24) as well as excessive rainfall. Despite this disruption, we have achieved our 3rd consecutive quarter of 40bn+ (4,000 crore) pre-sales, demonstrating continuity and predictability in our business model”.
“We achieved pre-sales of INR 83bn in H1FY25 and with the festive season going well, we are on track to achieve the guidance of INR 175bn (17,500 crore) pre-sales for FY25. Early signs of the festive season suggest strong demand in 2HFY25 With an expected downward trajectory for the rate cycle in quality branded housing based on strong affordability and consumer optimism among mortgage providers, particularly in the middle-income segment where we have a significant presence,” he added.
Despite significant investments in business development in the quarter, the company’s net debt stood at Rs. 4,900 (0.27XNet Debt/Equity) – well below its ceiling of 0.5x Net Debt/Equity. Lodha’s exit cost of debt continues to decline and stands at 8.9% (down 20 bps for the quarter) for 2QFY25 – among the lowest in the industry, the MD and CEO informed.
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