Key Highlights :
1. Lodha saw a 12 per cent drop in pre-sales for the quarter ended March 2023.
2. Pre-sales for the period stood at ₹ 3,025 crore from ₹ 3,456 crore in the year-ago period.
3. However, for the fiscal year 2023, Macrotech Developers recorded pre-sales growth of 34 per cent to ₹ 12,064 crore, thereby surpassing its guidance of ₹ 11,500 crore.
4. TRENDING STORIES See All Premium BlackRock to sell $114 billion of failed banks’ securities Premium Re-globalization with risk control should also mean a g ... Premium Dabur’s domestic biz prospects hinge on rural demand re ... Premium RBI takes it one meeting at a time " Lodha achieved its best ever annual pre-sales performance of INR 12,064 crores showing a strong growth of 34% on a YoY basis.
5. Collections for the quarter ended March 2023, rose by 3 percent to ₹ 2,933 crore.
6. For FY 23, the collection was up by 23 per cent to ₹ 10,606 crore.
7. The company's net debt net debt reduced by ₹ 2,229 crores to stand at ₹ 7,071 crore at the end of the year, in-line with their prior guidance of ₹ 7,000 crore.
8. The March quarter saw net debt reducing by ₹ 971 crores showcasing business strength to continue delivering surplus operating cash even while growing.
9. The full year also saw addition of 12 new projects having nearly 14 million square feet of saleable area with gross development value (GDV) of close to ₹ 19,800 crore across various macro-markets of Mumbai Metropolitan Region, Pune and Bengaluru.
10. The March quarter saw addition of one project with a GDV of ₹ 2,000 crores for 1.5 million square feet of area.
Macrotech, the technology arm of the Macquarie Group, has announced pre-sales growth of 34 per cent to ₹12,064 crore for FY 2023. This growth is higher than the company's guidance of ₹11,500 crore and indicates that the market is seeing good demand for Macrotech's technology solutions. The company's strong pre-sales performance in FY 2023 is a testament to its commitment to innovation and its ability to provide value to its clients.
Continue Reading at Source : livemint